Avalanche Price Hits $34.42 on Exchanges (AVAX)

Avalanche (AVAX) traded 1.6% lower against the US dollar during the twenty-four hour period ending at 16:00 PM Eastern on April 27th. In the last week, Avalanche has traded 8.3% lower against the US dollar. Avalanche has a total market cap of $13.02 billion and approximately $339.48 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for approximately $34.42 or 0.00054368 BTC on exchanges.

Here’s how similar cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded up 8% against the dollar and now trades at $7.56 or 0.00011945 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $13.17 or 0.00020800 BTC.
• Hedera (HBAR) traded 3.4% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $8.39 or 0.00013256 BTC.
• Fetch.ai (FET) traded down 1.4% against the dollar and now trades at $2.17 or 0.00003431 BTC.
• Algorand (ALGO) traded down 0.4% against the dollar and now trades at $0.20 or 0.00000314 BTC.
• Akash Network (AKT) traded 3.9% lower against the dollar and now trades at $4.45 or 0.00007030 BTC.
• Kava (KAVA) traded down 2.6% against the dollar and now trades at $0.69 or 0.00001096 BTC.
• Theta Fuel (TFUEL) traded 8% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 437,056,878 coins and its circulating supply is 378,367,238 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official website is avax.network. 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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