Avalanche (AVAX) Trading 27.3% Lower Over Last 7 Days

Avalanche (AVAX) traded up 0.1% against the dollar during the one day period ending at 15:00 PM ET on April 17th. Avalanche has a market capitalization of $12.93 billion and approximately $577.52 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded down 27.3% against the dollar. One Avalanche coin can currently be bought for $34.21 or 0.00056013 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded up 3% against the dollar and now trades at $5.48 or 0.00008969 BTC.
• Internet Computer (ICP) traded down 0.2% against the dollar and now trades at $12.03 or 0.00019695 BTC.
• Cronos (CRO) traded down 2.7% against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Cosmos (ATOM) traded up 1.1% against the dollar and now trades at $8.15 or 0.00013340 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0785 or 0.00000129 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $2.00 or 0.00003279 BTC.
• Algorand (ALGO) traded 0.9% lower against the dollar and now trades at $0.17 or 0.00000279 BTC.
• Akash Network (AKT) traded 2.6% higher against the dollar and now trades at $3.76 or 0.00006098 BTC.
• Kava (KAVA) traded 1.3% higher against the dollar and now trades at $0.65 or 0.00001061 BTC.
• Theta Fuel (TFUEL) traded down 4.9% against the dollar and now trades at $0.0809 or 0.00000132 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 436,619,294 coins and its circulating supply is 377,929,654 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. 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.

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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView