Avalanche Price Reaches $25.07 on Top Exchanges (AVAX)

Avalanche (AVAX) traded down 5.8% against the US dollar during the one day period ending at 11:00 AM Eastern on October 26th. Over the last week, Avalanche has traded down 10.8% against the US dollar. One Avalanche coin can now be bought for about $25.07 or 0.00037567 BTC on popular exchanges. Avalanche has a market capitalization of $10.20 billion and $369.14 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded down 9.1% against the dollar and now trades at $4.17 or 0.00006242 BTC.
• Internet Computer (ICP) traded 9.2% lower against the dollar and now trades at $7.54 or 0.00011307 BTC.
• Cronos (CRO) traded 3.3% lower against the dollar and now trades at $0.0723 or 0.00000108 BTC.
• Hedera (HBAR) traded down 7.2% against the dollar and now trades at $0.0473 or 0.00000071 BTC.
• Cosmos (ATOM) traded 8.3% lower against the dollar and now trades at $4.33 or 0.00006493 BTC.
• Fetch.ai (FET) traded 8.8% lower against the dollar and now trades at $1.20 or 0.00001802 BTC.
• Algorand (ALGO) traded 8% lower against the dollar and now trades at $0.11 or 0.00000168 BTC.
• Akash Network (AKT) traded down 6.1% against the dollar and now trades at $2.25 or 0.00003377 BTC.
• Theta Fuel (TFUEL) traded 6.5% lower against the dollar and now trades at $0.0541 or 0.00000081 BTC.
• Kava (KAVA) traded 9.7% lower against the dollar and now trades at $0.32 or 0.00000475 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,019,228 coins and its circulating supply is 407,016,128 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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 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 Changelly, Gemini or Coinbase. 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