Avalanche Price Up 28.4% This Week (AVAX)

Avalanche (AVAX) traded down 0.2% against the US dollar during the one day period ending at 8:00 AM Eastern on August 26th. One Avalanche coin can currently be purchased for $26.53 or 0.00041678 BTC on popular cryptocurrency exchanges. Avalanche has a total market cap of $10.74 billion and approximately $295.83 million worth of Avalanche was traded on exchanges in the last day. Over the last seven days, Avalanche has traded 28.4% higher against the US dollar.

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

• NEAR Protocol (NEAR) traded down 1.1% against the dollar and now trades at $4.84 or 0.00007610 BTC.
• Internet Computer (ICP) traded 3.5% lower against the dollar and now trades at $8.22 or 0.00012913 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0868 or 0.00000136 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0574 or 0.00000090 BTC.
• Cosmos (ATOM) traded down 3.1% against the dollar and now trades at $4.94 or 0.00007766 BTC.
• Fetch.ai (FET) traded up 8.9% against the dollar and now trades at $1.35 or 0.00002128 BTC.
• Algorand (ALGO) traded 3.2% lower against the dollar and now trades at $0.14 or 0.00000217 BTC.
• Akash Network (AKT) traded down 2.7% against the dollar and now trades at $2.65 or 0.00004153 BTC.
• Theta Fuel (TFUEL) traded down 2.8% against the dollar and now trades at $0.0622 or 0.00000098 BTC.
• Kava (KAVA) traded 1.7% lower against the dollar and now trades at $0.36 or 0.00000560 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,846,991 coins and its circulating supply is 404,843,891 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax.

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 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 Changelly, Gemini or Coinbase. 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