Avalanche (AVAX) One Day Volume Hits $809.22 Million

Avalanche (AVAX) traded down 4.3% against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on January 21st. One Avalanche coin can now be bought for approximately $36.32 or 0.00034998 BTC on popular cryptocurrency exchanges. During the last week, Avalanche has traded 1.1% higher against the dollar. Avalanche has a market capitalization of $14.94 billion and $809.22 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Hedera (HBAR) traded 8.3% lower against the dollar and now trades at $0.34 or 0.00000324 BTC.
• NEAR Protocol (NEAR) traded 5.1% lower against the dollar and now trades at $5.09 or 0.00004906 BTC.
• Internet Computer (ICP) traded 4.1% lower against the dollar and now trades at $9.74 or 0.00009383 BTC.
• Algorand (ALGO) traded 7.7% lower against the dollar and now trades at $0.43 or 0.00000412 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.13 or 0.00000128 BTC.
• Fetch.ai (FET) traded down 4.5% against the dollar and now trades at $1.20 or 0.00001152 BTC.
• Cosmos (ATOM) traded 3.7% lower against the dollar and now trades at $6.06 or 0.00005842 BTC.
• Akash Network (AKT) traded down 3.4% against the dollar and now trades at $2.87 or 0.00002777 BTC.
• Kava (KAVA) traded down 0.1% against the dollar and now trades at $0.46 or 0.00000446 BTC.
• Theta Fuel (TFUEL) traded down 2.5% against the dollar and now trades at $0.0640 or 0.00000062 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 449,781,743 coins and its circulating supply is 411,445,443 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 Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche 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 U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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