Avalanche 24 Hour Volume Reaches $382.03 Million (AVAX)

Avalanche (AVAX) traded down 3.1% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on December 23rd. In the last seven days, Avalanche has traded down 2% against the US dollar. Avalanche has a total market capitalization of $5.13 billion and $382.03 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for $11.94 or 0.00013678 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded down 2.5% against the dollar and now trades at $0.0947 or 0.00000108 BTC.
• Hedera (HBAR) traded 3.9% lower against the dollar and now trades at $0.11 or 0.00000126 BTC.
• NEAR Protocol (NEAR) traded down 4.4% against the dollar and now trades at $1.48 or 0.00001699 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $2.96 or 0.00003387 BTC.
• Algorand (ALGO) traded down 2.2% against the dollar and now trades at $0.11 or 0.00000126 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $1.95 or 0.00002229 BTC.
• Fetch.ai (FET) traded down 1% against the dollar and now trades at $0.21 or 0.00000237 BTC.
• PayProtocol Paycoin (PCI) traded down 0.2% against the dollar and now trades at $0.0676 or 0.00000078 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0177 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.1% against the dollar and now trades at $0.37 or 0.00000425 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 461,230,294 coins and its circulating supply is 429,561,194 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official message board is medium.com/avalancheavax.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Buying and Selling Avalanche

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy 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 buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView