Avalanche Price Hits $27.95 on Top Exchanges (AVAX)

Avalanche (AVAX) traded 1.3% higher against the dollar during the 24 hour period ending at 7:00 AM Eastern on October 19th. One Avalanche coin can now be purchased for approximately $27.95 or 0.00040951 BTC on popular cryptocurrency exchanges. In the last week, Avalanche has traded 1.8% lower against the dollar. Avalanche has a market cap of $11.37 billion and approximately $171.86 million worth of Avalanche was traded on exchanges in the last day.

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

• NEAR Protocol (NEAR) traded up 1.5% against the dollar and now trades at $4.87 or 0.00007133 BTC.
• Internet Computer (ICP) traded up 1.9% against the dollar and now trades at $8.07 or 0.00011822 BTC.
• Cronos (CRO) traded up 1.3% against the dollar and now trades at $0.0786 or 0.00000115 BTC.
• Hedera (HBAR) traded 3% higher against the dollar and now trades at $0.0528 or 0.00000077 BTC.
• Cosmos (ATOM) traded up 1.5% against the dollar and now trades at $4.44 or 0.00006497 BTC.
• Fetch.ai (FET) traded 0.2% higher against the dollar and now trades at $1.41 or 0.00002058 BTC.
• Algorand (ALGO) traded 2.4% higher against the dollar and now trades at $0.13 or 0.00000183 BTC.
• Akash Network (AKT) traded 1.4% higher against the dollar and now trades at $2.49 or 0.00003648 BTC.
• Theta Fuel (TFUEL) traded 1.2% higher against the dollar and now trades at $0.0614 or 0.00000090 BTC.
• Kava (KAVA) traded up 2.3% against the dollar and now trades at $0.37 or 0.00000540 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 446,868,571 coins and its circulating supply is 406,865,471 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. 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.”

Avalanche Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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