Avalanche Price Hits $25.73 on Top Exchanges (AVAX)

Avalanche (AVAX) traded down 0.6% against the dollar during the one day period ending at 23:00 PM Eastern on October 5th. One Avalanche coin can now be bought for about $25.73 or 0.00041556 BTC on exchanges. Avalanche has a market cap of $10.46 billion and approximately $192.83 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded down 11.7% against the dollar.

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

• NEAR Protocol (NEAR) traded up 0.6% against the dollar and now trades at $4.77 or 0.00007703 BTC.
• Internet Computer (ICP) traded down 0.1% against the dollar and now trades at $8.21 or 0.00013253 BTC.
• Cronos (CRO) traded down 0.5% against the dollar and now trades at $0.0801 or 0.00000129 BTC.
• Hedera (HBAR) traded down 2% against the dollar and now trades at $0.0528 or 0.00000085 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $4.59 or 0.00007411 BTC.
• Fetch.ai (FET) traded down 3.3% against the dollar and now trades at $1.40 or 0.00002263 BTC.
• Algorand (ALGO) traded up 0.6% against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Akash Network (AKT) traded down 0.7% against the dollar and now trades at $2.51 or 0.00004043 BTC.
• Theta Fuel (TFUEL) traded down 0.9% against the dollar and now trades at $0.0620 or 0.00000100 BTC.
• Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.33 or 0.00000537 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 446,449,111 coins and its circulating supply is 406,446,011 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 Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network. 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 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 Gemini, GDAX 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