Avalanche 1-Day Trading Volume Tops $235.89 Million (AVAX)

Avalanche (AVAX) traded down 0.3% against the dollar during the 1 day period ending at 10:00 AM ET on December 31st. Avalanche has a total market capitalization of $5.36 billion and $235.89 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for $12.46 or 0.00014170 BTC on cryptocurrency exchanges. Over the last week, Avalanche has traded 4.4% higher against the dollar.

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

• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0919 or 0.00000104 BTC.
• Hedera (HBAR) traded down 2.4% against the dollar and now trades at $0.11 or 0.00000124 BTC.
• NEAR Protocol (NEAR) traded 1.6% lower against the dollar and now trades at $1.51 or 0.00001716 BTC.
• Internet Computer (ICP) traded 4.5% lower against the dollar and now trades at $2.78 or 0.00003163 BTC.
• Algorand (ALGO) traded down 3.3% against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $1.95 or 0.00002219 BTC.
• Fetch.ai (FET) traded down 2.1% against the dollar and now trades at $0.20 or 0.00000233 BTC.
• PayProtocol Paycoin (PCI) traded 0.6% lower against the dollar and now trades at $0.0683 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 0.9% lower against the dollar and now trades at $0.0175 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.3% against the dollar and now trades at $0.36 or 0.00000410 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 461,351,827 coins and its circulating supply is 429,682,727 coins. 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network.

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 presently 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 Gemini, 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