Avalanche Price Down 3.5% This Week (AVAX)

Avalanche (AVAX) traded 3.6% higher against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on September 7th. Avalanche has a market cap of $8.88 billion and approximately $135.93 million worth of Avalanche was traded on exchanges in the last day. During the last week, Avalanche has traded 3.5% lower against the dollar. One Avalanche coin can currently be purchased for approximately $21.92 or 0.00040425 BTC on popular exchanges.

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

• NEAR Protocol (NEAR) traded 3% higher 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 0.9% lower against the dollar and now trades at $3.67 or 0.00006776 BTC.
• Fetch.ai (FET) traded up 2.1% 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 1.2% higher against the dollar and now trades at $2.26 or 0.00004180 BTC.
• Theta Fuel (TFUEL) traded down 2.1% 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 Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 445,261,474 coins and its circulating supply is 405,258,374 coins. The official website for Avalanche 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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