Avalanche (AVAX) 24 Hour Trading Volume Hits $292.27 Million

Avalanche (AVAX) traded down 3.8% against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on July 3rd. One Avalanche coin can currently be bought for approximately $27.15 or 0.00045236 BTC on exchanges. Avalanche has a total market cap of $10.70 billion and $292.27 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded up 4.2% against the dollar.

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

• NEAR Protocol (NEAR) traded down 4.7% against the dollar and now trades at $5.18 or 0.00008630 BTC.
• Internet Computer (ICP) traded 5.3% lower against the dollar and now trades at $7.60 or 0.00012658 BTC.
• Hedera (HBAR) traded 6.1% lower against the dollar and now trades at $0.0732 or 0.00000122 BTC.
• Cosmos (ATOM) traded 5.8% lower against the dollar and now trades at $6.51 or 0.00010837 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0894 or 0.00000149 BTC.
• Fetch.ai (FET) traded down 7% against the dollar and now trades at $1.26 or 0.00002100 BTC.
• Algorand (ALGO) traded down 3.8% against the dollar and now trades at $0.14 or 0.00000241 BTC.
• Akash Network (AKT) traded 9.6% lower against the dollar and now trades at $3.49 or 0.00005797 BTC.
• Theta Fuel (TFUEL) traded down 5% against the dollar and now trades at $0.0731 or 0.00000122 BTC.
• Kava (KAVA) traded down 2.8% against the dollar and now trades at $0.42 or 0.00000694 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 443,534,680 coins and its circulating supply is 394,188,310 coins. 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. Avalanche’s official website 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 US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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