Avalanche (AVAX) Reaches One Day Volume of $353.87 Million

Avalanche (AVAX) traded down 1.6% against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on May 9th. Over the last seven days, Avalanche has traded 1.4% higher against the U.S. dollar. Avalanche has a total market capitalization of $13.02 billion and $353.87 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for $34.20 or 0.00055231 BTC on major exchanges.

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

• NEAR Protocol (NEAR) traded up 2% against the dollar and now trades at $7.21 or 0.00011646 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $12.10 or 0.00019545 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $8.95 or 0.00014451 BTC.
• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $2.21 or 0.00003570 BTC.
• Algorand (ALGO) traded 1.4% lower against the dollar and now trades at $0.19 or 0.00000307 BTC.
• Akash Network (AKT) traded up 16% against the dollar and now trades at $5.10 or 0.00008177 BTC.
• Kava (KAVA) traded down 0.9% against the dollar and now trades at $0.66 or 0.00001067 BTC.
• Theta Fuel (TFUEL) traded down 1.4% against the dollar and now trades at $0.11 or 0.00000175 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 439,308,043 coins and its circulating supply is 380,618,403 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here.

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.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView