Avalanche Price Reaches $35.50 on Exchanges (AVAX)

Avalanche (AVAX) traded down 1.8% against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on January 1st. One Avalanche coin can currently be bought for $35.50 or 0.00038054 BTC on popular exchanges. Avalanche has a market capitalization of $14.55 billion and approximately $288.08 million worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded 12.7% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Hedera (HBAR) traded down 1.5% against the dollar and now trades at $0.27 or 0.00000287 BTC.
• NEAR Protocol (NEAR) traded 0.9% lower against the dollar and now trades at $4.98 or 0.00005338 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $9.84 or 0.00010551 BTC.
• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.14 or 0.00000152 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $1.25 or 0.00001343 BTC.
• Algorand (ALGO) traded 3.2% higher against the dollar and now trades at $0.34 or 0.00000359 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $6.17 or 0.00006612 BTC.
• Akash Network (AKT) traded 2.1% lower against the dollar and now trades at $2.80 or 0.00003006 BTC.
• Kava (KAVA) traded down 2.7% against the dollar and now trades at $0.44 or 0.00000475 BTC.
• Theta Fuel (TFUEL) traded down 2.8% against the dollar and now trades at $0.0614 or 0.00000066 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 448,247,044 coins and its circulating supply is 409,910,744 coins. The official website for Avalanche 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. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView