Avalanche Trading Down 11% This Week (AVAX)

Avalanche (AVAX) traded up 5% against the US dollar during the 1-day period ending at 18:00 PM Eastern on November 5th. In the last seven days, Avalanche has traded down 11% against the US dollar. Avalanche has a total market cap of $9.74 billion and approximately $257.62 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for approximately $23.91 or 0.00034450 BTC on exchanges.

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

• NEAR Protocol (NEAR) traded 6% higher against the dollar and now trades at $3.81 or 0.00005493 BTC.
• Internet Computer (ICP) traded 5.7% higher against the dollar and now trades at $7.39 or 0.00010644 BTC.
• Fetch.ai (FET) traded 11.3% higher against the dollar and now trades at $1.24 or 0.00001790 BTC.
• Cronos (CRO) traded up 2.8% against the dollar and now trades at $0.0721 or 0.00000104 BTC.
• Hedera (HBAR) traded up 8.3% against the dollar and now trades at $0.0459 or 0.00000066 BTC.
• Cosmos (ATOM) traded up 7.3% against the dollar and now trades at $4.18 or 0.00006023 BTC.
• Algorand (ALGO) traded up 5.5% against the dollar and now trades at $0.11 or 0.00000164 BTC.
• Akash Network (AKT) traded 6.4% higher against the dollar and now trades at $2.31 or 0.00003348 BTC.
• Theta Fuel (TFUEL) traded up 5.3% against the dollar and now trades at $0.0510 or 0.00000074 BTC.
• Kava (KAVA) traded 6.1% higher against the dollar and now trades at $0.31 or 0.00000447 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,161,040 coins and its circulating supply is 407,157,940 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board 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 website 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.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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