Avalanche (AVAX) One Day Volume Hits $301.88 Million

Avalanche (AVAX) traded down 1.1% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on October 23rd. Avalanche has a total market capitalization of $11.05 billion and approximately $301.88 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded down 3.3% against the US dollar. One Avalanche coin can now be purchased for about $27.15 or 0.00040351 BTC on popular exchanges.

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

• NEAR Protocol (NEAR) traded 1.6% higher against the dollar and now trades at $4.71 or 0.00007007 BTC.
• Internet Computer (ICP) traded up 5.5% against the dollar and now trades at $8.36 or 0.00012427 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.0764 or 0.00000114 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0518 or 0.00000077 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $4.67 or 0.00006934 BTC.
• Fetch.ai (FET) traded down 0.7% against the dollar and now trades at $1.34 or 0.00001988 BTC.
• Algorand (ALGO) traded down 0.5% against the dollar and now trades at $0.12 or 0.00000183 BTC.
• Akash Network (AKT) traded down 2% against the dollar and now trades at $2.46 or 0.00003696 BTC.
• Theta Fuel (TFUEL) traded 2% lower against the dollar and now trades at $0.0591 or 0.00000088 BTC.
• Kava (KAVA) traded down 2.9% against the dollar and now trades at $0.35 or 0.00000523 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,966,774 coins and its circulating supply is 406,963,674 coins. 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView