Avalanche Price Reaches $27.45 on Major Exchanges (AVAX)

Avalanche (AVAX) traded down 1.2% against the U.S. dollar during the one day period ending at 21:00 PM Eastern on October 22nd. Over the last week, Avalanche has traded 1.7% lower against the U.S. dollar. One Avalanche coin can now be purchased for $27.45 or 0.00040910 BTC on major exchanges. Avalanche has a market capitalization of $11.17 billion and approximately $279.95 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $4.64 or 0.00006914 BTC.
• Internet Computer (ICP) traded 0.9% lower against the dollar and now trades at $7.91 or 0.00011790 BTC.
• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.0769 or 0.00000115 BTC.
• Hedera (HBAR) traded down 1% against the dollar and now trades at $0.0522 or 0.00000078 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $4.80 or 0.00007153 BTC.
• Fetch.ai (FET) traded down 3% against the dollar and now trades at $1.35 or 0.00002006 BTC.
• Algorand (ALGO) traded 1.7% lower against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Akash Network (AKT) traded 1.6% higher against the dollar and now trades at $2.52 or 0.00003730 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0603 or 0.00000090 BTC.
• Kava (KAVA) traded down 0.4% against the dollar and now trades at $0.36 or 0.00000539 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,964,442 coins and its circulating supply is 406,961,342 coins. 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. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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