Avalanche Price Reaches $21.66 (AVAX)

Avalanche (AVAX) traded 4.4% lower against the U.S. dollar during the 1 day period ending at 16:00 PM E.T. on August 4th. Avalanche has a total market cap of $8.56 billion and $274.72 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for $21.66 or 0.00036801 BTC on major exchanges. In the last week, Avalanche has traded 21.2% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded 2.9% lower against the dollar and now trades at $4.18 or 0.00007106 BTC.
• Internet Computer (ICP) traded down 4% against the dollar and now trades at $7.49 or 0.00012727 BTC.
• Cronos (CRO) traded 4.4% lower against the dollar and now trades at $0.0782 or 0.00000133 BTC.
• Hedera (HBAR) traded 2.6% lower against the dollar and now trades at $0.0556 or 0.00000094 BTC.
• Cosmos (ATOM) traded 0% lower against the dollar and now trades at $5.07 or 0.00008614 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $0.95 or 0.00001610 BTC.
• Algorand (ALGO) traded 2.6% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Akash Network (AKT) traded down 5.2% against the dollar and now trades at $2.22 or 0.00003737 BTC.
• Theta Fuel (TFUEL) traded down 6.5% against the dollar and now trades at $0.0530 or 0.00000090 BTC.
• Kava (KAVA) traded 5% lower against the dollar and now trades at $0.31 or 0.00000535 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 444,401,288 coins and its circulating supply is 395,054,918 coins. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.”

Buying and Selling Avalanche

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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