Avalanche (AVAX) Reaches One Day Trading Volume of $29.05 Million

Avalanche (AVAX) traded up 1.5% against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on May 2nd. During the last seven days, Avalanche has traded 5.7% lower against the U.S. dollar. One Avalanche coin can currently be bought for $33.92 or 0.00057241 BTC on popular exchanges. Avalanche has a market capitalization of $12.87 billion and approximately $29.05 million worth of Avalanche was traded on exchanges in the last day.

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

• NEAR Protocol (NEAR) traded up 0.4% against the dollar and now trades at $6.13 or 0.00010350 BTC.
• Internet Computer (ICP) traded 2.7% higher against the dollar and now trades at $13.59 or 0.00022932 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.10 or 0.00000169 BTC.
• Cronos (CRO) traded 1.5% higher against the dollar and now trades at $0.13 or 0.00000217 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $8.69 or 0.00014658 BTC.
• Fetch.ai (FET) traded 0.3% higher against the dollar and now trades at $2.03 or 0.00003425 BTC.
• Algorand (ALGO) traded 1.3% higher against the dollar and now trades at $0.18 or 0.00000310 BTC.
• Akash Network (AKT) traded 4.7% higher against the dollar and now trades at $4.24 or 0.00007151 BTC.
• Kava (KAVA) traded up 2.2% against the dollar and now trades at $0.66 or 0.00001121 BTC.
• Theta Fuel (TFUEL) traded down 0.7% against the dollar and now trades at $0.10 or 0.00000172 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 438,209,618 coins and its circulating supply is 379,519,978 coins. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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