Avalanche (AVAX) Price Tops $41.23

Avalanche (AVAX) traded 5.2% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on January 17th. One Avalanche coin can now be purchased for $41.23 or 0.00040321 BTC on major exchanges. Avalanche has a total market capitalization of $16.96 billion and $527.54 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded up 10% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Hedera (HBAR) traded up 9% against the dollar and now trades at $0.38 or 0.00000368 BTC.
• NEAR Protocol (NEAR) traded up 7.5% against the dollar and now trades at $5.59 or 0.00005467 BTC.
• Internet Computer (ICP) traded 6.3% higher against the dollar and now trades at $11.34 or 0.00011090 BTC.
• Algorand (ALGO) traded 3% higher against the dollar and now trades at $0.48 or 0.00000467 BTC.
• Cronos (CRO) traded up 3% against the dollar and now trades at $0.15 or 0.00000142 BTC.
• Fetch.ai (FET) traded up 5.2% against the dollar and now trades at $1.40 or 0.00001374 BTC.
• Cosmos (ATOM) traded up 5.1% against the dollar and now trades at $6.91 or 0.00006762 BTC.
• Akash Network (AKT) traded up 3.6% against the dollar and now trades at $3.23 or 0.00003152 BTC.
• Kava (KAVA) traded 4.5% higher against the dollar and now trades at $0.51 or 0.00000500 BTC.
• Theta Fuel (TFUEL) traded up 1.9% against the dollar and now trades at $0.0701 or 0.00000069 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 449,724,092 coins and its circulating supply is 411,387,792 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website 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 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView