Avalanche (AVAX) Trading Up 1.9% This Week

Avalanche (AVAX) traded up 3.7% against the dollar during the 24 hour period ending at 15:00 PM E.T. on August 18th. Avalanche has a market cap of $8.43 billion and $139.71 million worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded up 1.9% against the dollar. One Avalanche coin can now be bought for about $21.31 or 0.00035688 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 0.8% against the dollar and now trades at $4.01 or 0.00006709 BTC.
• Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $7.30 or 0.00012217 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.0876 or 0.00000147 BTC.
• Hedera (HBAR) traded up 3.3% against the dollar and now trades at $0.0540 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $4.62 or 0.00007737 BTC.
• Algorand (ALGO) traded up 2.5% against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Fetch.ai (FET) traded 0.6% higher against the dollar and now trades at $0.84 or 0.00001402 BTC.
• Akash Network (AKT) traded up 1.3% against the dollar and now trades at $2.53 or 0.00004246 BTC.
• Theta Fuel (TFUEL) traded up 0.6% against the dollar and now trades at $0.0557 or 0.00000093 BTC.
• Kava (KAVA) traded up 3.2% against the dollar and now trades at $0.32 or 0.00000534 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,701,367 coins and its circulating supply is 395,363,910 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. 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.”

Buying and Selling Avalanche

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView