Avalanche Price Tops $35.49 on Top Exchanges (AVAX)

Avalanche (AVAX) traded 2% lower against the US dollar during the 24-hour period ending at 7:00 AM ET on January 25th. Avalanche has a total market cap of $14.61 billion and $578.39 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for $35.49 or 0.00033913 BTC on major exchanges. During the last week, Avalanche has traded down 10% against the US dollar.

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

• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.33 or 0.00000317 BTC.
• NEAR Protocol (NEAR) traded down 3.1% against the dollar and now trades at $4.93 or 0.00004715 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $9.06 or 0.00008662 BTC.
• Cronos (CRO) traded 3.6% lower against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Algorand (ALGO) traded down 3.8% against the dollar and now trades at $0.40 or 0.00000383 BTC.
• Fetch.ai (FET) traded down 3.9% against the dollar and now trades at $1.20 or 0.00001149 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $6.21 or 0.00005931 BTC.
• Akash Network (AKT) traded 4.2% lower against the dollar and now trades at $2.74 or 0.00002623 BTC.
• Kava (KAVA) traded 3.4% lower against the dollar and now trades at $0.45 or 0.00000432 BTC.
• Theta Fuel (TFUEL) traded 0.8% higher against the dollar and now trades at $0.0625 or 0.00000060 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 449,921,796 coins and its circulating supply is 411,585,496 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 website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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