Avalanche (AVAX) Trading Down 3.2% Over Last Week

Avalanche (AVAX) traded up 2.2% against the US dollar during the 24 hour period ending at 19:00 PM ET on October 29th. Avalanche has a market capitalization of $10.93 billion and $277.05 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for $26.85 or 0.00036888 BTC on popular cryptocurrency exchanges. During the last week, Avalanche has traded down 3.2% against the US dollar.

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

• NEAR Protocol (NEAR) traded 2.5% higher against the dollar and now trades at $4.44 or 0.00006104 BTC.
• Internet Computer (ICP) traded 4.2% higher against the dollar and now trades at $8.12 or 0.00011155 BTC.
• Cronos (CRO) traded 3.2% higher against the dollar and now trades at $0.0768 or 0.00000105 BTC.
• Hedera (HBAR) traded up 1.6% against the dollar and now trades at $0.0497 or 0.00000068 BTC.
• Cosmos (ATOM) traded 1.1% higher against the dollar and now trades at $4.52 or 0.00006211 BTC.
• Fetch.ai (FET) traded up 3.7% against the dollar and now trades at $1.34 or 0.00001835 BTC.
• Algorand (ALGO) traded 4.7% higher against the dollar and now trades at $0.12 or 0.00000170 BTC.
• Akash Network (AKT) traded up 6% against the dollar and now trades at $2.39 or 0.00003306 BTC.
• Theta Fuel (TFUEL) traded 2.7% higher against the dollar and now trades at $0.0562 or 0.00000077 BTC.
• Kava (KAVA) traded up 6.2% against the dollar and now trades at $0.35 or 0.00000478 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,084,668 coins and its circulating supply is 407,081,568 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. 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.

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 US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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