Avalanche (AVAX) Reaches 1-Day Trading Volume of $368.68 Million

Avalanche (AVAX) traded 4.9% higher against the U.S. dollar during the 24 hour period ending at 17:00 PM E.T. on May 4th. Avalanche has a total market capitalization of $14.23 billion and approximately $368.68 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded 8.9% higher against the U.S. dollar. One Avalanche coin can now be purchased for approximately $37.40 or 0.00058511 BTC on popular cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $6.87 or 0.00010751 BTC.
• Internet Computer (ICP) traded down 3.6% against the dollar and now trades at $13.29 or 0.00020789 BTC.
• Hedera (HBAR) traded 3.6% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $8.73 or 0.00013653 BTC.
• Fetch.ai (FET) traded 0.1% lower against the dollar and now trades at $2.19 or 0.00003422 BTC.
• Algorand (ALGO) traded up 0.7% against the dollar and now trades at $0.19 or 0.00000305 BTC.
• Akash Network (AKT) traded up 1.6% against the dollar and now trades at $4.33 or 0.00006768 BTC.
• Kava (KAVA) traded 0.1% higher against the dollar and now trades at $0.69 or 0.00001075 BTC.
• Theta Fuel (TFUEL) traded up 4.5% against the dollar and now trades at $0.11 or 0.00000173 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 439,011,546 coins and its circulating supply is 380,321,906 coins. 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. 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 currently 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 Coinbase, Changelly or Gemini. 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