Avalanche (AVAX) Price Tops $22.79 on Top Exchanges

Avalanche (AVAX) traded 4.7% lower against the dollar during the 1 day period ending at 7:00 AM E.T. on May 17th. Avalanche has a market capitalization of $9.58 billion and approximately $345.11 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be purchased for about $22.79 or 0.00022148 BTC on popular exchanges. During the last week, Avalanche has traded down 7.1% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.0982 or 0.00000095 BTC.
• Hedera (HBAR) traded down 4.7% against the dollar and now trades at $0.19 or 0.00000186 BTC.
• NEAR Protocol (NEAR) traded 7.6% lower against the dollar and now trades at $2.75 or 0.00002673 BTC.
• Internet Computer (ICP) traded down 5% against the dollar and now trades at $5.20 or 0.00005050 BTC.
• Algorand (ALGO) traded down 5.2% against the dollar and now trades at $0.22 or 0.00000212 BTC.
• Cosmos (ATOM) traded down 4% against the dollar and now trades at $4.77 or 0.00004641 BTC.
• Fetch.ai (FET) traded down 6.6% against the dollar and now trades at $0.75 or 0.00000729 BTC.
• Kava (KAVA) traded down 6% against the dollar and now trades at $0.41 or 0.00000401 BTC.
• Akash Network (AKT) traded down 7.6% against the dollar and now trades at $1.51 or 0.00001467 BTC.
• Theta Fuel (TFUEL) traded down 3.2% against the dollar and now trades at $0.0378 or 0.00000037 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 455,510,243 coins and its circulating supply is 420,507,543 coins. Avalanche’s official message board 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. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here.

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 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 Coinbase, Gemini or Changelly. 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