Avalanche Trading Down 11% This Week (AVAX)

Avalanche (AVAX) traded up 5% against the dollar during the one day period ending at 18:00 PM E.T. on November 5th. Avalanche has a total market capitalization of $9.74 billion and approximately $257.62 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for about $23.91 or 0.00034450 BTC on popular exchanges. In the last seven days, Avalanche has traded 11% lower against the dollar.

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

• NEAR Protocol (NEAR) traded up 6% 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 8.3% higher 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.

About Avalanche

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,161,040 coins and its circulating supply is 407,157,940 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. The official message board for Avalanche 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 trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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