Avalanche Price Reaches $17.41 on Major Exchanges (AVAX)

Avalanche (AVAX) traded up 5.4% against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on September 23rd. During the last seven days, Avalanche has traded 4.2% lower against the U.S. dollar. One Avalanche coin can currently be bought for $17.41 or 0.00093052 BTC on popular exchanges. Avalanche has a market capitalization of $7.15 billion and approximately $324.94 million worth of Avalanche was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • Cosmos (ATOM) traded up 4.7% against the dollar and now trades at $13.70 or 0.00073223 BTC.
  • Cronos (CRO) traded 4.9% higher against the dollar and now trades at $0.12 or 0.00000630 BTC.
  • Internet Computer (ICP) traded up 2.2% against the dollar and now trades at $5.97 or 0.00031930 BTC.
  • NEAR Protocol (NEAR) traded 3.1% higher against the dollar and now trades at $3.69 or 0.00019691 BTC.
  • Algorand (ALGO) traded 17.9% higher against the dollar and now trades at $0.37 or 0.00001990 BTC.
  • Hedera (HBAR) traded 3.8% higher against the dollar and now trades at $0.0602 or 0.00000321 BTC.
  • Moonbeam (GLMR) traded 2.7% higher against the dollar and now trades at $0.45 or 0.00002408 BTC.
  • Kava (KAVA) traded 5.3% higher against the dollar and now trades at $1.50 or 0.00008038 BTC.
  • Theta Fuel (TFUEL) traded up 4.5% against the dollar and now trades at $0.0540 or 0.00000289 BTC.
  • OMG Network (OMG) traded up 4.9% against the dollar and now trades at $1.72 or 0.00009193 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It launched on July 15th, 2020. Avalanche’s total supply is 410,615,474 coins and its circulating supply is 295,866,214 coins. Avalanche’s official Twitter account is @avalancheavax and its Facebook page is accessible here. The official website for Avalanche is www.avax.network. 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 is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

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