Avalanche (AVAX) Reaches One Day Volume of $184.41 Million

Avalanche (AVAX) traded down 2.1% against the U.S. dollar during the 1 day period ending at 20:00 PM ET on July 28th. One Avalanche coin can currently be bought for about $27.35 or 0.00039907 BTC on major cryptocurrency exchanges. Avalanche has a total market cap of $10.80 billion and approximately $184.41 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded 16.3% lower against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $5.44 or 0.00007934 BTC.
• Internet Computer (ICP) traded 2.8% lower against the dollar and now trades at $9.34 or 0.00013622 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $6.22 or 0.00009080 BTC.
• Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.0675 or 0.00000099 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.0903 or 0.00000132 BTC.
• Fetch.ai (FET) traded down 1.5% against the dollar and now trades at $1.25 or 0.00001818 BTC.
• Algorand (ALGO) traded 2.3% lower against the dollar and now trades at $0.14 or 0.00000203 BTC.
• Akash Network (AKT) traded 0.1% lower against the dollar and now trades at $3.23 or 0.00004741 BTC.
• Theta Fuel (TFUEL) traded 0.2% higher against the dollar and now trades at $0.0693 or 0.00000101 BTC.
• Kava (KAVA) traded 2.5% lower against the dollar and now trades at $0.42 or 0.00000606 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 444,204,639 coins and its circulating supply is 394,858,269 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 message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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