Avalanche Hits One Day Trading Volume of $142.03 Million (AVAX)

Avalanche (AVAX) traded down 5.1% against the dollar during the 24 hour period ending at 22:00 PM Eastern on November 24th. In the last seven days, Avalanche has traded down 4.8% against the dollar. One Avalanche coin can now be bought for about $12.59 or 0.00076218 BTC on major cryptocurrency exchanges. Avalanche has a market cap of $3.78 billion and approximately $142.03 million worth of Avalanche was traded on exchanges in the last day.

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

  • Cosmos (ATOM) traded up 0.4% against the dollar and now trades at $10.02 or 0.00060667 BTC.
  • Algorand (ALGO) traded 4.3% lower against the dollar and now trades at $0.24 or 0.00001430 BTC.
  • Cronos (CRO) traded 4.8% lower against the dollar and now trades at $0.0644 or 0.00000390 BTC.
  • NEAR Protocol (NEAR) traded 5.3% lower against the dollar and now trades at $1.61 or 0.00009744 BTC.
  • Internet Computer (ICP) traded down 3.8% against the dollar and now trades at $3.78 or 0.00022892 BTC.
  • Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.0487 or 0.00000295 BTC.
  • PayProtocol Paycoin (PCI) traded 0.5% lower against the dollar and now trades at $0.24 or 0.00001425 BTC.
  • Kava (KAVA) traded 3% lower against the dollar and now trades at $0.88 or 0.00005332 BTC.
  • Theta Fuel (TFUEL) traded down 0.3% against the dollar and now trades at $0.0470 or 0.00000285 BTC.
  • TerraClassicUSD (USTC) traded down 3% against the dollar and now trades at $0.0204 or 0.00000124 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 404,229,626 coins and its circulating supply is 300,684,483 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official Twitter account is @avalancheavax and its Facebook page is accessible here. The official website for Avalanche is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

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