Avalanche (AVAX) Trading Down 2% Over Last Week

Avalanche (AVAX) traded 0.4% higher against the dollar during the 24 hour period ending at 19:00 PM Eastern on October 19th. Over the last seven days, Avalanche has traded 2% lower against the dollar. Avalanche has a total market capitalization of $11.41 billion and approximately $131.91 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for $28.05 or 0.00041089 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $4.80 or 0.00007031 BTC.
• Internet Computer (ICP) traded 0.2% higher against the dollar and now trades at $8.00 or 0.00011720 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.0780 or 0.00000114 BTC.
• Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.0529 or 0.00000078 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $4.46 or 0.00006536 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $1.40 or 0.00002055 BTC.
• Algorand (ALGO) traded 0.5% higher against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Akash Network (AKT) traded down 0.6% against the dollar and now trades at $2.46 or 0.00003604 BTC.
• Theta Fuel (TFUEL) traded up 1.1% against the dollar and now trades at $0.0619 or 0.00000091 BTC.
• Kava (KAVA) traded up 1.3% against the dollar and now trades at $0.37 or 0.00000539 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 446,871,368 coins and its circulating supply is 406,868,268 coins. 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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