Avalanche (AVAX) Trading 1.6% Higher Over Last 7 Days

Avalanche (AVAX) traded 3.5% higher against the dollar during the 1-day period ending at 12:00 PM ET on September 17th. One Avalanche coin can currently be bought for approximately $24.26 or 0.00039900 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $9.85 billion and approximately $224.08 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last seven days, Avalanche has traded up 1.6% against the dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded up 8.7% against the dollar and now trades at $4.24 or 0.00006974 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $8.11 or 0.00013337 BTC.
• Cronos (CRO) traded 1.3% higher against the dollar and now trades at $0.0811 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.3% higher against the dollar and now trades at $0.0503 or 0.00000083 BTC.
• Cosmos (ATOM) traded 4.9% higher against the dollar and now trades at $4.17 or 0.00006853 BTC.
• Fetch.ai (FET) traded up 2.9% against the dollar and now trades at $1.35 or 0.00002223 BTC.
• Algorand (ALGO) traded 1.2% higher against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Akash Network (AKT) traded 3.6% higher against the dollar and now trades at $2.45 or 0.00004015 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0613 or 0.00000101 BTC.
• Kava (KAVA) traded up 0.4% against the dollar and now trades at $0.30 or 0.00000496 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,871,467 coins and its circulating supply is 405,868,367 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 message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here.

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 presently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView