Avalanche Price Hits $27.97 on Exchanges (AVAX)

Avalanche (AVAX) traded 0.1% higher against the U.S. dollar during the one day period ending at 13:00 PM ET on October 19th. During the last seven days, Avalanche has traded 3.8% lower against the U.S. dollar. Avalanche has a total market capitalization of $11.38 billion and $148.82 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for about $27.97 or 0.00041073 BTC on major cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 3.1% lower against the dollar and now trades at $4.79 or 0.00007032 BTC.
• Internet Computer (ICP) traded down 0.5% against the dollar and now trades at $8.00 or 0.00011744 BTC.
• Cronos (CRO) traded down 0.2% against the dollar and now trades at $0.0782 or 0.00000115 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0527 or 0.00000077 BTC.
• Cosmos (ATOM) traded 0.1% lower against the dollar and now trades at $4.38 or 0.00006437 BTC.
• Fetch.ai (FET) traded 2.1% lower against the dollar and now trades at $1.40 or 0.00002055 BTC.
• Algorand (ALGO) traded 1% lower against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Akash Network (AKT) traded down 1.2% against the dollar and now trades at $2.45 or 0.00003594 BTC.
• Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.0617 or 0.00000091 BTC.
• Kava (KAVA) traded 0.1% lower against the dollar and now trades at $0.37 or 0.00000537 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 446,869,746 coins and its circulating supply is 406,866,646 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche is medium.com/avalancheavax. 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView