Avalanche Trading Down 6.8% Over Last Week (AVAX)

Avalanche (AVAX) traded 6.9% lower against the US dollar during the twenty-four hour period ending at 18:00 PM ET on October 1st. Avalanche has a total market capitalization of $10.57 billion and approximately $597.12 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for $26.02 or 0.00042769 BTC on major cryptocurrency exchanges. In the last seven days, Avalanche has traded 6.8% lower against the US dollar.

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

• NEAR Protocol (NEAR) traded down 9.2% against the dollar and now trades at $4.83 or 0.00007944 BTC.
• Internet Computer (ICP) traded down 8.3% against the dollar and now trades at $8.31 or 0.00013654 BTC.
• Cronos (CRO) traded down 5.9% against the dollar and now trades at $0.0793 or 0.00000130 BTC.
• Hedera (HBAR) traded down 9.4% against the dollar and now trades at $0.0529 or 0.00000087 BTC.
• Cosmos (ATOM) traded 7.2% lower against the dollar and now trades at $4.44 or 0.00007293 BTC.
• Fetch.ai (FET) traded down 4.5% against the dollar and now trades at $1.48 or 0.00002435 BTC.
• Algorand (ALGO) traded down 8.1% against the dollar and now trades at $0.12 or 0.00000205 BTC.
• Akash Network (AKT) traded down 5.6% against the dollar and now trades at $2.62 or 0.00004297 BTC.
• Theta Fuel (TFUEL) traded 8.6% lower against the dollar and now trades at $0.0613 or 0.00000101 BTC.
• Kava (KAVA) traded 8.6% lower against the dollar and now trades at $0.33 or 0.00000549 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 446,351,624 coins and its circulating supply is 406,348,524 coins. 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 Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche 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.”

Buying and Selling Avalanche

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 Gemini, Changelly or Coinbase. 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