Avalanche (AVAX) Trading Up 17.3% This Week

Avalanche (AVAX) traded 8.3% lower against the dollar during the twenty-four hour period ending at 11:00 AM ET on November 14th. Avalanche has a total market capitalization of $12.90 billion and $1.11 billion worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded 17.3% higher against the dollar. One Avalanche coin can now be purchased for approximately $31.66 or 0.00035677 BTC on exchanges.

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

• NEAR Protocol (NEAR) traded down 4.7% against the dollar and now trades at $5.20 or 0.00005856 BTC.
• Cronos (CRO) traded 11.9% lower against the dollar and now trades at $0.16 or 0.00000177 BTC.
• Internet Computer (ICP) traded down 7.9% against the dollar and now trades at $8.05 or 0.00009065 BTC.
• Fetch.ai (FET) traded 7.9% lower against the dollar and now trades at $1.24 or 0.00001399 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0597 or 0.00000067 BTC.
• Cosmos (ATOM) traded down 6.4% against the dollar and now trades at $4.90 or 0.00005524 BTC.
• Algorand (ALGO) traded 6.2% lower against the dollar and now trades at $0.14 or 0.00000160 BTC.
• Akash Network (AKT) traded down 8.5% against the dollar and now trades at $3.01 or 0.00003373 BTC.
• Kava (KAVA) traded down 8.3% against the dollar and now trades at $0.37 or 0.00000421 BTC.
• Theta Fuel (TFUEL) traded 8.9% lower against the dollar and now trades at $0.0553 or 0.00000062 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,351,262 coins and its circulating supply is 407,348,162 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 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.

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