Avalanche Price Hits $17.05 on Major Exchanges (AVAX)

Avalanche (AVAX) traded down 8.2% against the US dollar during the one day period ending at 0:00 AM E.T. on January 24th. Over the last week, Avalanche has traded down 1.7% against the US dollar. One Avalanche coin can currently be bought for $17.05 or 0.00075148 BTC on popular exchanges. Avalanche has a market capitalization of $5.36 billion and $409.09 million worth of Avalanche was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Cosmos (ATOM) traded down 4.1% against the dollar and now trades at $12.73 or 0.00056102 BTC.
• NEAR Protocol (NEAR) traded 8.7% lower against the dollar and now trades at $2.36 or 0.00010384 BTC.
• Cronos (CRO) traded 3% lower against the dollar and now trades at $0.0792 or 0.00000349 BTC.
• Algorand (ALGO) traded 6.6% lower against the dollar and now trades at $0.24 or 0.00001049 BTC.
• Hedera (HBAR) traded down 5.5% against the dollar and now trades at $0.0655 or 0.00000289 BTC.
• Internet Computer (ICP) traded down 5.5% against the dollar and now trades at $5.59 or 0.00024639 BTC.
• PayProtocol Paycoin (PCI) traded 4.4% higher against the dollar and now trades at $0.19 or 0.00000821 BTC.
• Kava (KAVA) traded down 2.6% against the dollar and now trades at $1.03 or 0.00004535 BTC.
• Theta Fuel (TFUEL) traded down 4.2% against the dollar and now trades at $0.0465 or 0.00000205 BTC.
• Moonbeam (GLMR) traded down 7.2% against the dollar and now trades at $0.45 or 0.00001962 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 419,965,655 coins and its circulating supply is 314,559,665 coins. Avalanche’s official Twitter account is @avalancheavax and its Facebook page is accessible here. The official website for Avalanche is avax.network. 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 is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

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