Avalanche Price Hits $35.47 on Top Exchanges (AVAX)

Avalanche (AVAX) traded 3.5% higher against the US dollar during the 24 hour period ending at 23:00 PM Eastern on May 3rd. One Avalanche coin can now be bought for approximately $35.47 or 0.00056523 BTC on popular exchanges. Avalanche has a market cap of $13.46 billion and approximately $306.30 million worth of Avalanche was traded on exchanges in the last day. In the last week, Avalanche has traded 4.4% higher against the US dollar.

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

• NEAR Protocol (NEAR) traded 7.6% higher against the dollar and now trades at $6.82 or 0.00010871 BTC.
• Internet Computer (ICP) traded 0.4% higher against the dollar and now trades at $13.37 or 0.00021309 BTC.
• Hedera (HBAR) traded 8% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cronos (CRO) traded 1.2% higher against the dollar and now trades at $0.13 or 0.00000212 BTC.
• Cosmos (ATOM) traded 1.2% higher against the dollar and now trades at $8.80 or 0.00014023 BTC.
• Fetch.ai (FET) traded 5.9% higher against the dollar and now trades at $2.17 or 0.00003454 BTC.
• Algorand (ALGO) traded 4% higher against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded up 0.5% against the dollar and now trades at $4.25 or 0.00006751 BTC.
• Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.68 or 0.00001085 BTC.
• Theta Fuel (TFUEL) traded 2% higher against the dollar and now trades at $0.11 or 0.00000169 BTC.

About Avalanche

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 438,236,821 coins and its circulating supply is 379,547,181 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 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, Gemini 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