Avalanche One Day Volume Reaches $344.08 Million (AVAX)

Avalanche (AVAX) traded 1.7% lower against the US dollar during the one day period ending at 7:00 AM E.T. on January 29th. Over the last seven days, Avalanche has traded down 10.7% against the US dollar. One Avalanche coin can now be purchased for $33.30 or 0.00032443 BTC on exchanges. Avalanche has a market capitalization of $13.71 billion and approximately $344.08 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.31 or 0.00000302 BTC.
• NEAR Protocol (NEAR) traded down 1.3% against the dollar and now trades at $4.49 or 0.00004379 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $8.70 or 0.00008479 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.13 or 0.00000125 BTC.
• Algorand (ALGO) traded down 3.6% against the dollar and now trades at $0.37 or 0.00000360 BTC.
• Fetch.ai (FET) traded down 7.6% against the dollar and now trades at $0.99 or 0.00000965 BTC.
• Cosmos (ATOM) traded 0.5% lower against the dollar and now trades at $5.87 or 0.00005723 BTC.
• Akash Network (AKT) traded 3.6% higher against the dollar and now trades at $2.55 or 0.00002484 BTC.
• Kava (KAVA) traded down 3.3% against the dollar and now trades at $0.42 or 0.00000408 BTC.
• Theta Fuel (TFUEL) traded 3.1% lower against the dollar and now trades at $0.0587 or 0.00000057 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 449,950,984 coins and its circulating supply is 411,614,684 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche is medium.com/avalancheavax.

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 purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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