Avalanche Reaches 24-Hour Volume of $229.83 Million (AVAX)

Avalanche (AVAX) traded 2.8% higher against the dollar during the 24-hour period ending at 7:00 AM ET on March 2nd. One Avalanche coin can currently be purchased for approximately $22.06 or 0.00025625 BTC on cryptocurrency exchanges. Avalanche has a total market capitalization of $9.13 billion and $229.83 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last seven days, Avalanche has traded 12.2% lower against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Hedera (HBAR) traded up 7.4% against the dollar and now trades at $0.25 or 0.00000291 BTC.
• NEAR Protocol (NEAR) traded 5.9% higher against the dollar and now trades at $3.26 or 0.00003791 BTC.
• Internet Computer (ICP) traded up 4% against the dollar and now trades at $6.63 or 0.00007708 BTC.
• Algorand (ALGO) traded up 3.2% against the dollar and now trades at $0.25 or 0.00000290 BTC.
• Cronos (CRO) traded 3.2% higher against the dollar and now trades at $0.0745 or 0.00000087 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $4.49 or 0.00005218 BTC.
• Fetch.ai (FET) traded up 3% against the dollar and now trades at $0.65 or 0.00000754 BTC.
• Kava (KAVA) traded up 0.8% against the dollar and now trades at $0.43 or 0.00000496 BTC.
• Akash Network (AKT) traded up 2.7% against the dollar and now trades at $1.62 or 0.00001879 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0442 or 0.00000051 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 450,762,052 coins and its circulating supply is 414,092,552 coins. Avalanche’s official message board is medium.com/avalancheavax. 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. 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.”

Avalanche Coin Trading

It is usually not 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView