Avalanche (AVAX) One Day Trading Volume Hits $549.39 Million

Avalanche (AVAX) traded 4.3% lower against the dollar during the 1 day period ending at 7:00 AM Eastern on January 9th. In the last week, Avalanche has traded 9% lower against the dollar. One Avalanche coin can currently be purchased for $36.69 or 0.00039295 BTC on major exchanges. Avalanche has a market cap of $15.06 billion and $549.39 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• Hedera (HBAR) traded 4.2% lower against the dollar and now trades at $0.27 or 0.00000289 BTC.
• NEAR Protocol (NEAR) traded down 3.5% against the dollar and now trades at $4.97 or 0.00005323 BTC.
• Internet Computer (ICP) traded 3.7% lower against the dollar and now trades at $10.45 or 0.00011189 BTC.
• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.14 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 3.4% against the dollar and now trades at $1.29 or 0.00001387 BTC.
• Algorand (ALGO) traded 5% lower against the dollar and now trades at $0.35 or 0.00000373 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $6.49 or 0.00006947 BTC.
• Akash Network (AKT) traded 6.2% lower against the dollar and now trades at $3.08 or 0.00003289 BTC.
• Kava (KAVA) traded up 6.1% against the dollar and now trades at $0.51 or 0.00000547 BTC.
• Theta Fuel (TFUEL) traded 5.1% higher against the dollar and now trades at $0.0685 or 0.00000073 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 448,898,251 coins and its circulating supply is 410,561,951 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche 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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView