Avalanche One Day Trading Volume Tops $320.16 Million (AVAX)

Avalanche (AVAX) traded 2% lower against the dollar during the 24 hour period ending at 16:00 PM ET on August 26th. Avalanche has a total market capitalization of $10.70 billion and $320.16 million worth of Avalanche was traded on exchanges in the last day. Over the last seven days, Avalanche has traded 26.3% higher against the dollar. One Avalanche coin can currently be bought for $26.43 or 0.00041631 BTC on major cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $4.83 or 0.00007602 BTC.
• Internet Computer (ICP) traded 4.1% lower against the dollar and now trades at $8.20 or 0.00012909 BTC.
• Cronos (CRO) traded 3.6% lower against the dollar and now trades at $0.0853 or 0.00000134 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0565 or 0.00000089 BTC.
• Cosmos (ATOM) traded down 2.2% against the dollar and now trades at $4.95 or 0.00007793 BTC.
• Fetch.ai (FET) traded up 0.7% against the dollar and now trades at $1.36 or 0.00002138 BTC.
• Algorand (ALGO) traded 4.3% lower against the dollar and now trades at $0.14 or 0.00000214 BTC.
• Akash Network (AKT) traded up 8.7% against the dollar and now trades at $2.98 or 0.00004709 BTC.
• Theta Fuel (TFUEL) traded down 3.4% against the dollar and now trades at $0.0618 or 0.00000097 BTC.
• Kava (KAVA) traded 3.6% lower against the dollar and now trades at $0.35 or 0.00000553 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,848,218 coins and its circulating supply is 404,845,118 coins. 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView