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

Avalanche (AVAX) traded down 3.3% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM ET on February 6th. Avalanche has a market capitalization of $10.84 billion and approximately $342.05 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be purchased for about $26.33 or 0.00026684 BTC on exchanges. In the last seven days, Avalanche has traded down 22.3% against the U.S. dollar.

Here’s 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 down 4.1% 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.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was 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.”

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

AVAX/USD price chart by TradingView