Avalanche 1-Day Trading Volume Hits $413.38 Million (AVAX)

Avalanche (AVAX) traded up 13.9% against the US dollar during the 1-day period ending at 0:00 AM E.T. on November 5th. During the last seven days, Avalanche has traded 1.3% lower against the US dollar. One Avalanche coin can now be purchased for $26.26 or 0.00035257 BTC on major exchanges. Avalanche has a market capitalization of $10.69 billion and $413.38 million worth of Avalanche was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 13.9% against the dollar and now trades at $4.18 or 0.00005619 BTC.
• Internet Computer (ICP) traded 11.3% higher against the dollar and now trades at $7.95 or 0.00010669 BTC.
• Fetch.ai (FET) traded 17.8% higher against the dollar and now trades at $1.35 or 0.00001810 BTC.
• Cronos (CRO) traded 14.2% higher against the dollar and now trades at $0.0814 or 0.00000109 BTC.
• Hedera (HBAR) traded up 13.4% against the dollar and now trades at $0.0493 or 0.00000066 BTC.
• Cosmos (ATOM) traded 10.3% higher against the dollar and now trades at $4.42 or 0.00005930 BTC.
• Algorand (ALGO) traded up 7.2% against the dollar and now trades at $0.12 or 0.00000163 BTC.
• Akash Network (AKT) traded 6.4% higher against the dollar and now trades at $2.31 or 0.00003348 BTC.
• Kava (KAVA) traded up 9.7% against the dollar and now trades at $0.33 or 0.00000444 BTC.
• Theta Fuel (TFUEL) traded up 7.2% against the dollar and now trades at $0.0529 or 0.00000071 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,161,783 coins and its circulating supply is 407,158,683 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. Avalanche’s official message board 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.”

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 acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView