Avalanche (AVAX) Tops 24 Hour Volume of $342.05 Million

Avalanche (AVAX) traded 3.3% lower against the US dollar during the 24 hour period ending at 7:00 AM Eastern on February 6th. One Avalanche coin can now be bought for approximately $26.33 or 0.00026684 BTC on popular exchanges. Avalanche has a market cap of $10.84 billion and approximately $342.05 million worth of Avalanche was traded on exchanges in the last day. In the last week, Avalanche has traded 22.3% lower against the US dollar.

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

• Hedera (HBAR) traded 4.8% lower against the dollar and now trades at $0.24 or 0.00000247 BTC.
• NEAR Protocol (NEAR) traded 4.1% lower against the dollar and now trades at $3.31 or 0.00003359 BTC.
• Internet Computer (ICP) traded 2% lower against the dollar and now trades at $7.03 or 0.00007129 BTC.
• Cronos (CRO) traded 3.8% lower against the dollar and now trades at $0.10 or 0.00000103 BTC.
• Algorand (ALGO) traded 2.4% lower against the dollar and now trades at $0.29 or 0.00000291 BTC.
• Cosmos (ATOM) traded 2.9% lower against the dollar and now trades at $4.65 or 0.00004709 BTC.
• Fetch.ai (FET) traded 5% lower against the dollar and now trades at $0.76 or 0.00000768 BTC.
• Akash Network (AKT) traded down 6.5% against the dollar and now trades at $1.99 or 0.00002012 BTC.
• Kava (KAVA) traded down 5.7% against the dollar and now trades at $0.47 or 0.00000477 BTC.
• Theta Fuel (TFUEL) traded 8.1% lower against the dollar and now trades at $0.0472 or 0.00000048 BTC.

About Avalanche

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 450,129,127 coins and its circulating supply is 411,792,827 coins. The official website for Avalanche is avax.network. 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.

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 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, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView