Avalanche Price Reaches $26.52 on Major Exchanges (AVAX)

Avalanche (AVAX) traded up 4.1% against the U.S. dollar during the 24-hour period ending at 20:00 PM Eastern on August 23rd. One Avalanche coin can now be purchased for $26.52 or 0.00041434 BTC on popular exchanges. Avalanche has a market cap of $10.74 billion and $476.70 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last seven days, Avalanche has traded up 30.5% against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded up 9.8% against the dollar and now trades at $4.79 or 0.00007490 BTC.
• Internet Computer (ICP) traded 7.5% higher against the dollar and now trades at $8.67 or 0.00013539 BTC.
• Cronos (CRO) traded up 4.8% against the dollar and now trades at $0.0912 or 0.00000142 BTC.
• Hedera (HBAR) traded 7.6% higher against the dollar and now trades at $0.0597 or 0.00000093 BTC.
• Cosmos (ATOM) traded 8.5% higher against the dollar and now trades at $5.10 or 0.00007971 BTC.
• Fetch.ai (FET) traded up 19.4% against the dollar and now trades at $1.22 or 0.00001902 BTC.
• Algorand (ALGO) traded up 6.6% against the dollar and now trades at $0.14 or 0.00000226 BTC.
• Akash Network (AKT) traded 8.3% higher against the dollar and now trades at $2.67 or 0.00004124 BTC.
• Theta Fuel (TFUEL) traded up 7.8% against the dollar and now trades at $0.0652 or 0.00000102 BTC.
• Kava (KAVA) traded up 5.6% against the dollar and now trades at $0.37 or 0.00000572 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,806,803 coins and its circulating supply is 404,803,703 coins. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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 possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy 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 buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView