Avalanche Price Hits $27.95 on Exchanges (AVAX)

Avalanche (AVAX) traded 2.4% higher against the U.S. dollar during the 1 day period ending at 18:00 PM E.T. on October 18th. Over the last week, Avalanche has traded 2% higher against the U.S. dollar. One Avalanche coin can currently be purchased for about $27.95 or 0.00040961 BTC on cryptocurrency exchanges. Avalanche has a total market capitalization of $11.37 billion and $180.54 million worth of Avalanche was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded 1.9% higher against the dollar and now trades at $4.84 or 0.00007093 BTC.
• Internet Computer (ICP) traded 4.2% higher against the dollar and now trades at $8.00 or 0.00011717 BTC.
• Cronos (CRO) traded up 0% against the dollar and now trades at $0.0778 or 0.00000114 BTC.
• Hedera (HBAR) traded up 0.9% against the dollar and now trades at $0.0515 or 0.00000075 BTC.
• Cosmos (ATOM) traded up 0.3% against the dollar and now trades at $4.32 or 0.00006324 BTC.
• Fetch.ai (FET) traded up 4% against the dollar and now trades at $1.41 or 0.00002073 BTC.
• Algorand (ALGO) traded up 2.5% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded up 1% against the dollar and now trades at $2.47 or 0.00003620 BTC.
• Theta Fuel (TFUEL) traded up 1.3% against the dollar and now trades at $0.0610 or 0.00000089 BTC.
• Kava (KAVA) traded up 1.1% against the dollar and now trades at $0.36 or 0.00000534 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 446,867,286 coins and its circulating supply is 406,864,186 coins. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. 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.”

Buying and Selling Avalanche

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

AVAX/USD price chart by TradingView