Avalanche (AVAX) Hits 24 Hour Trading Volume of $291.91 Million

Avalanche (AVAX) traded up 1.8% against the dollar during the 24-hour period ending at 21:00 PM E.T. on June 20th. Over the last week, Avalanche has traded down 10.5% against the dollar. One Avalanche coin can now be bought for about $27.75 or 0.00042762 BTC on popular cryptocurrency exchanges. Avalanche has a market capitalization of $10.92 billion and $291.91 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

  • NEAR Protocol (NEAR) traded 3.4% higher against the dollar and now trades at $5.24 or 0.00008069 BTC.
  • Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $8.31 or 0.00012798 BTC.
  • Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0812 or 0.00000125 BTC.
  • Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $6.88 or 0.00010595 BTC.
  • Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.0942 or 0.00000145 BTC.
  • Fetch.ai (FET) traded 4.6% higher against the dollar and now trades at $1.62 or 0.00002501 BTC.
  • Algorand (ALGO) traded down 1.3% against the dollar and now trades at $0.14 or 0.00000214 BTC.
  • Akash Network (AKT) traded up 0.1% against the dollar and now trades at $3.12 or 0.00004804 BTC.
  • Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.47 or 0.00000725 BTC.
  • Theta Fuel (TFUEL) traded 1.9% higher against the dollar and now trades at $0.0733 or 0.00000113 BTC.

About Avalanche

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 442,754,389 coins and its circulating supply is 393,408,019 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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. The official website for Avalanche is avax.network.

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

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