Avalanche (AVAX) Hits 24 Hour Volume of $405.18 Million

Avalanche (AVAX) traded down 1.3% against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on February 5th. Avalanche has a market capitalization of $12.67 billion and approximately $405.18 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for $34.48 or 0.00080670 BTC on popular exchanges. In the last week, Avalanche has traded 4.5% lower against the U.S. dollar.

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

  • Internet Computer (ICP) traded down 3.3% against the dollar and now trades at $12.23 or 0.00028624 BTC.
  • Cosmos (ATOM) traded up 2.2% against the dollar and now trades at $9.11 or 0.00021324 BTC.
  • NEAR Protocol (NEAR) traded up 0.8% against the dollar and now trades at $2.75 or 0.00006423 BTC.
  • Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.0701 or 0.00000164 BTC.
  • Cronos (CRO) traded 2.1% higher against the dollar and now trades at $0.0814 or 0.00000190 BTC.
  • Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.16 or 0.00000373 BTC.
  • Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.69 or 0.00001608 BTC.
  • Akash Network (AKT) traded up 0.6% against the dollar and now trades at $2.74 or 0.00006465 BTC.
  • Fetch.ai (FET) traded up 1.9% against the dollar and now trades at $0.53 or 0.00001228 BTC.
  • Moonbeam (GLMR) traded up 4% against the dollar and now trades at $0.36 or 0.00000838 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 435,468,124 coins and its circulating supply is 367,435,214 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board 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 presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the aforementioned exchanges.

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