Avalanche (AVAX) Price Hits $36.69

Avalanche (AVAX) traded down 4.3% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on January 9th. Over the last week, Avalanche has traded 9% lower against the US dollar. One Avalanche coin can currently be bought for approximately $36.69 or 0.00039295 BTC on exchanges. Avalanche has a total market cap of $15.06 billion and $549.39 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded down 4.2% against the dollar and now trades at $0.27 or 0.00000289 BTC.
• NEAR Protocol (NEAR) traded down 3.5% against the dollar and now trades at $4.97 or 0.00005323 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $10.45 or 0.00011189 BTC.
• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.14 or 0.00000150 BTC.
• Fetch.ai (FET) traded 3.4% lower against the dollar and now trades at $1.29 or 0.00001387 BTC.
• Algorand (ALGO) traded down 5% against the dollar and now trades at $0.35 or 0.00000373 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $6.49 or 0.00006947 BTC.
• Akash Network (AKT) traded down 6.2% against the dollar and now trades at $3.08 or 0.00003289 BTC.
• Kava (KAVA) traded up 6.1% against the dollar and now trades at $0.51 or 0.00000547 BTC.
• Theta Fuel (TFUEL) traded up 5.1% against the dollar and now trades at $0.0685 or 0.00000073 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 448,898,251 coins and its circulating supply is 410,561,951 coins. Avalanche’s official message board is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. 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.”

Buying and Selling Avalanche

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView