Avalanche (AVAX) One Day Volume Hits $341.95 Million

Avalanche (AVAX) traded down 6% against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on February 18th. Over the last seven days, Avalanche has traded 8.9% lower against the US dollar. Avalanche has a total market cap of $9.93 billion and approximately $341.95 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for about $24.01 or 0.00025057 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded down 8.2% against the dollar and now trades at $0.20 or 0.00000213 BTC.
• NEAR Protocol (NEAR) traded down 6.1% against the dollar and now trades at $3.17 or 0.00003308 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $6.81 or 0.00007108 BTC.
• Cronos (CRO) traded 4.1% lower against the dollar and now trades at $0.0858 or 0.00000090 BTC.
• Algorand (ALGO) traded down 6.5% against the dollar and now trades at $0.26 or 0.00000272 BTC.
• Cosmos (ATOM) traded 4.4% lower against the dollar and now trades at $4.63 or 0.00004832 BTC.
• Fetch.ai (FET) traded 7.1% lower against the dollar and now trades at $0.74 or 0.00000772 BTC.
• Kava (KAVA) traded 2.6% lower against the dollar and now trades at $0.46 or 0.00000476 BTC.
• Akash Network (AKT) traded down 7.2% against the dollar and now trades at $1.76 or 0.00001845 BTC.
• Theta Fuel (TFUEL) traded 3.5% lower against the dollar and now trades at $0.0472 or 0.00000049 BTC.

About Avalanche

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 450,377,481 coins and its circulating supply is 413,707,981 coins. Avalanche’s official message board is medium.com/avalancheavax. The official website for Avalanche is avax.network. 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.”

Avalanche Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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