Avalanche Hits 1-Day Volume of $445.59 Million (AVAX)

Avalanche (AVAX) traded 4.7% lower against the U.S. dollar during the 1 day period ending at 14:00 PM Eastern on April 25th. Over the last seven days, Avalanche has traded 3% higher against the U.S. dollar. One Avalanche coin can now be bought for approximately $35.66 or 0.00055308 BTC on major cryptocurrency exchanges. Avalanche has a total market capitalization of $13.48 billion and approximately $445.59 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $7.04 or 0.00010913 BTC.
• Internet Computer (ICP) traded 3% lower against the dollar and now trades at $13.73 or 0.00021299 BTC.
• Hedera (HBAR) traded 2.4% lower against the dollar and now trades at $0.12 or 0.00000186 BTC.
• Cronos (CRO) traded down 0% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $8.39 or 0.00013020 BTC.
• Fetch.ai (FET) traded down 6.3% against the dollar and now trades at $2.33 or 0.00003616 BTC.
• Algorand (ALGO) traded 7.3% lower against the dollar and now trades at $0.20 or 0.00000315 BTC.
• Akash Network (AKT) traded down 2.7% against the dollar and now trades at $4.83 or 0.00007480 BTC.
• Kava (KAVA) traded 2.8% lower against the dollar and now trades at $0.73 or 0.00001127 BTC.
• Theta Fuel (TFUEL) traded up 3.1% against the dollar and now trades at $0.12 or 0.00000184 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 436,716,584 coins and its circulating supply is 378,026,944 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Buying and Selling Avalanche

It is usually not currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView