Avalanche One Day Trading Volume Tops $527.54 Million (AVAX)

Avalanche (AVAX) traded up 5.2% against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on January 17th. Avalanche has a market cap of $16.96 billion and $527.54 million worth of Avalanche was traded on exchanges in the last day. Over the last seven days, Avalanche has traded up 10% against the U.S. dollar. One Avalanche coin can currently be bought for approximately $41.23 or 0.00040321 BTC on major cryptocurrency exchanges.

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

• Hedera (HBAR) traded up 9% against the dollar and now trades at $0.38 or 0.00000368 BTC.
• NEAR Protocol (NEAR) traded 7.5% higher against the dollar and now trades at $5.59 or 0.00005467 BTC.
• Internet Computer (ICP) traded up 6.3% against the dollar and now trades at $11.34 or 0.00011090 BTC.
• Algorand (ALGO) traded 3% higher against the dollar and now trades at $0.48 or 0.00000467 BTC.
• Cronos (CRO) traded 3% higher against the dollar and now trades at $0.15 or 0.00000142 BTC.
• Fetch.ai (FET) traded up 5.2% against the dollar and now trades at $1.40 or 0.00001374 BTC.
• Cosmos (ATOM) traded 5.1% higher against the dollar and now trades at $6.91 or 0.00006762 BTC.
• Akash Network (AKT) traded up 3.6% against the dollar and now trades at $3.23 or 0.00003152 BTC.
• Kava (KAVA) traded up 4.5% against the dollar and now trades at $0.51 or 0.00000500 BTC.
• Theta Fuel (TFUEL) traded up 1.9% against the dollar and now trades at $0.0701 or 0.00000069 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 449,724,092 coins and its circulating supply is 411,387,792 coins. Avalanche’s official message board 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. 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.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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