Avalanche Tops One Day Volume of $1.79 Billion (AVAX)

Avalanche (AVAX) traded down 4.2% against the dollar during the twenty-four hour period ending at 11:00 AM ET on November 26th. During the last seven days, Avalanche has traded up 21% against the dollar. One Avalanche coin can currently be purchased for approximately $41.57 or 0.00044528 BTC on popular exchanges. Avalanche has a market capitalization of $17.01 billion and $1.79 billion worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded down 8.7% against the dollar and now trades at $6.11 or 0.00006548 BTC.
• Internet Computer (ICP) traded 8.3% lower against the dollar and now trades at $10.99 or 0.00011776 BTC.
• Hedera (HBAR) traded down 2.9% against the dollar and now trades at $0.14 or 0.00000145 BTC.
• Cronos (CRO) traded 7.5% lower against the dollar and now trades at $0.17 or 0.00000184 BTC.
• Fetch.ai (FET) traded down 8.1% against the dollar and now trades at $1.35 or 0.00001445 BTC.
• Cosmos (ATOM) traded down 5.2% against the dollar and now trades at $7.85 or 0.00008405 BTC.
• Algorand (ALGO) traded up 1.1% against the dollar and now trades at $0.28 or 0.00000295 BTC.
• Akash Network (AKT) traded 2.3% lower against the dollar and now trades at $3.77 or 0.00004041 BTC.
• Kava (KAVA) traded 5.3% lower against the dollar and now trades at $0.50 or 0.00000536 BTC.
• Theta Fuel (TFUEL) traded down 1% against the dollar and now trades at $0.0752 or 0.00000081 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,586,623 coins and its circulating supply is 409,250,323 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network.

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 purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView