Avalanche Price Down 3.5% This Week (AVAX)

Avalanche (AVAX) traded up 3.6% against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on September 7th. One Avalanche coin can now be purchased for about $21.92 or 0.00040425 BTC on cryptocurrency exchanges. During the last seven days, Avalanche has traded down 3.5% against the U.S. dollar. Avalanche has a market cap of $8.88 billion and approximately $135.93 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded up 3% against the dollar and now trades at $3.68 or 0.00006781 BTC.
• Internet Computer (ICP) traded 1.2% higher against the dollar and now trades at $7.13 or 0.00013150 BTC.
• Cronos (CRO) traded up 1.2% against the dollar and now trades at $0.0762 or 0.00000141 BTC.
• Hedera (HBAR) traded up 2.6% against the dollar and now trades at $0.0484 or 0.00000089 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $3.67 or 0.00006776 BTC.
• Fetch.ai (FET) traded 2.1% higher against the dollar and now trades at $1.08 or 0.00001990 BTC.
• Algorand (ALGO) traded 4.6% higher against the dollar and now trades at $0.12 or 0.00000224 BTC.
• Akash Network (AKT) traded up 1.2% against the dollar and now trades at $2.26 or 0.00004180 BTC.
• Theta Fuel (TFUEL) traded 2.1% lower against the dollar and now trades at $0.0530 or 0.00000098 BTC.
• Kava (KAVA) traded up 1.6% against the dollar and now trades at $0.28 or 0.00000519 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 445,261,474 coins and its circulating supply is 405,258,374 coins. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed 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 trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView