Avalanche Price Hits $25.15 on Major Exchanges (AVAX)

Avalanche (AVAX) traded down 7% against the dollar during the 1-day period ending at 9:00 AM E.T. on July 4th. One Avalanche coin can now be purchased for $25.15 or 0.00044051 BTC on popular cryptocurrency exchanges. Avalanche has a market capitalization of $9.92 billion and approximately $557.98 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last seven days, Avalanche has traded down 7.2% against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded down 8% against the dollar and now trades at $4.78 or 0.00008366 BTC.
• Internet Computer (ICP) traded down 10.7% against the dollar and now trades at $6.81 or 0.00011918 BTC.
• Hedera (HBAR) traded 8.5% lower against the dollar and now trades at $0.0678 or 0.00000119 BTC.
• Cosmos (ATOM) traded 6.5% lower against the dollar and now trades at $6.09 or 0.00010665 BTC.
• Cronos (CRO) traded down 4.6% against the dollar and now trades at $0.0852 or 0.00000149 BTC.
• Fetch.ai (FET) traded 5.8% lower against the dollar and now trades at $1.17 or 0.00002054 BTC.
• Algorand (ALGO) traded down 6.8% against the dollar and now trades at $0.13 or 0.00000235 BTC.
• Akash Network (AKT) traded 13.1% lower against the dollar and now trades at $3.06 or 0.00005319 BTC.
• Theta Fuel (TFUEL) traded 8.9% lower against the dollar and now trades at $0.0656 or 0.00000115 BTC.
• Kava (KAVA) traded 8.3% lower against the dollar and now trades at $0.38 or 0.00000669 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 443,551,541 coins and its circulating supply is 394,205,171 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. The official message board for Avalanche 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView