Avalanche Trading 5.5% Lower Over Last 7 Days (AVAX)

Avalanche (AVAX) traded 5.3% lower against the dollar during the 1-day period ending at 15:00 PM Eastern on October 23rd. Avalanche has a market cap of $10.66 billion and $266.11 million worth of Avalanche was traded on exchanges in the last day. During the last week, Avalanche has traded 5.5% lower against the dollar. One Avalanche coin can now be bought for approximately $26.19 or 0.00039816 BTC on exchanges.

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

• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $4.51 or 0.00006852 BTC.
• Internet Computer (ICP) traded 0.8% higher against the dollar and now trades at $7.97 or 0.00012123 BTC.
• Cronos (CRO) traded 3.3% lower against the dollar and now trades at $0.0744 or 0.00000113 BTC.
• Hedera (HBAR) traded down 2.9% against the dollar and now trades at $0.0503 or 0.00000076 BTC.
• Cosmos (ATOM) traded down 3.4% against the dollar and now trades at $4.59 or 0.00006984 BTC.
• Fetch.ai (FET) traded down 3.5% against the dollar and now trades at $1.30 or 0.00001978 BTC.
• Algorand (ALGO) traded down 4.2% against the dollar and now trades at $0.12 or 0.00000181 BTC.
• Akash Network (AKT) traded down 1.9% against the dollar and now trades at $2.42 or 0.00003704 BTC.
• Theta Fuel (TFUEL) traded 4.3% lower against the dollar and now trades at $0.0575 or 0.00000087 BTC.
• Kava (KAVA) traded down 6.2% against the dollar and now trades at $0.34 or 0.00000517 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 446,966,297 coins and its circulating supply is 406,963,197 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 message board for Avalanche is medium.com/avalancheavax. Avalanche’s official website is avax.network.

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 trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView