Avalanche (AVAX) Price Tops $28.11 on Exchanges

Avalanche (AVAX) traded 3.8% lower against the US dollar during the 1-day period ending at 18:00 PM E.T. on September 30th. One Avalanche coin can now be purchased for about $28.11 or 0.00044118 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $11.42 billion and approximately $389.24 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last seven days, Avalanche has traded up 2.9% against the US dollar.

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

• NEAR Protocol (NEAR) traded down 2.1% against the dollar and now trades at $5.41 or 0.00008486 BTC.
• Internet Computer (ICP) traded down 6.8% against the dollar and now trades at $9.11 or 0.00014305 BTC.
• Cronos (CRO) traded 2.5% lower against the dollar and now trades at $0.0843 or 0.00000132 BTC.
• Hedera (HBAR) traded down 5.2% against the dollar and now trades at $0.0588 or 0.00000092 BTC.
• Cosmos (ATOM) traded down 5.3% against the dollar and now trades at $4.81 or 0.00007545 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $1.56 or 0.00002456 BTC.
• Algorand (ALGO) traded down 4.3% against the dollar and now trades at $0.14 or 0.00000214 BTC.
• Akash Network (AKT) traded 4.7% lower against the dollar and now trades at $2.82 or 0.00004427 BTC.
• Theta Fuel (TFUEL) traded 3.5% lower against the dollar and now trades at $0.0673 or 0.00000106 BTC.
• Kava (KAVA) traded 5.9% lower against the dollar and now trades at $0.37 or 0.00000578 BTC.

About Avalanche

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,235,722 coins and its circulating supply is 406,232,622 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 website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board 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.”

Buying and Selling Avalanche

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView