Avalanche (AVAX) Price Hits $26.11 on Major Exchanges

Avalanche (AVAX) traded 1.8% higher against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on February 14th. Avalanche has a total market cap of $10.75 billion and $271.80 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded 2.7% higher against the U.S. dollar. One Avalanche coin can currently be purchased for about $26.11 or 0.00026950 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded 3.6% higher against the dollar and now trades at $0.23 or 0.00000241 BTC.
• NEAR Protocol (NEAR) traded 5.4% higher against the dollar and now trades at $3.48 or 0.00003595 BTC.
• Internet Computer (ICP) traded up 1.5% against the dollar and now trades at $7.25 or 0.00007488 BTC.
• Algorand (ALGO) traded 3% higher against the dollar and now trades at $0.30 or 0.00000308 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0919 or 0.00000095 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $4.96 or 0.00005117 BTC.
• Fetch.ai (FET) traded up 2.2% against the dollar and now trades at $0.79 or 0.00000820 BTC.
• Kava (KAVA) traded down 0.5% against the dollar and now trades at $0.48 or 0.00000497 BTC.
• Akash Network (AKT) traded up 0.9% against the dollar and now trades at $1.93 or 0.00001986 BTC.
• Theta Fuel (TFUEL) traded 1.9% higher against the dollar and now trades at $0.0496 or 0.00000051 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 450,295,862 coins and its circulating supply is 411,959,562 coins. 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 website is avax.network. 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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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