Avalanche (AVAX) Price Down 4.7% Over Last 7 Days

Avalanche (AVAX) traded 1.7% lower against the dollar during the one day period ending at 13:00 PM ET on October 21st. Avalanche has a total market cap of $11.29 billion and approximately $303.24 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be bought for $27.75 or 0.00041150 BTC on popular exchanges. Over the last seven days, Avalanche has traded 4.7% lower against the dollar.

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

• NEAR Protocol (NEAR) traded 1.5% lower against the dollar and now trades at $4.81 or 0.00007135 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $8.00 or 0.00011858 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.0777 or 0.00000115 BTC.
• Hedera (HBAR) traded 0.6% higher against the dollar and now trades at $0.0544 or 0.00000081 BTC.
• Cosmos (ATOM) traded up 5.4% against the dollar and now trades at $4.87 or 0.00007220 BTC.
• Fetch.ai (FET) traded down 4.6% against the dollar and now trades at $1.39 or 0.00002057 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Akash Network (AKT) traded 2.3% lower against the dollar and now trades at $2.49 or 0.00003717 BTC.
• Theta Fuel (TFUEL) traded down 2.3% against the dollar and now trades at $0.0614 or 0.00000091 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.37 or 0.00000545 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 446,947,000 coins and its circulating supply is 406,943,900 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 message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche 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.”

Buying and Selling Avalanche

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView