Avalanche Trading 11.7% Lower This Week (AVAX)

Avalanche (AVAX) traded down 1.9% against the dollar during the 1-day period ending at 16:00 PM ET on November 4th. One Avalanche coin can currently be purchased for $22.86 or 0.00033803 BTC on cryptocurrency exchanges. Avalanche has a market capitalization of $9.31 billion and approximately $208.18 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded 11.7% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $3.61 or 0.00005334 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $7.02 or 0.00010383 BTC.
• Fetch.ai (FET) traded down 0.4% against the dollar and now trades at $1.12 or 0.00001661 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0707 or 0.00000104 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0428 or 0.00000063 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $3.93 or 0.00005807 BTC.
• Algorand (ALGO) traded 0.9% higher against the dollar and now trades at $0.11 or 0.00000160 BTC.
• Akash Network (AKT) traded down 3.1% against the dollar and now trades at $2.16 or 0.00003192 BTC.
• Theta Fuel (TFUEL) traded up 1.4% against the dollar and now trades at $0.0491 or 0.00000073 BTC.
• Kava (KAVA) traded 1.5% lower against the dollar and now trades at $0.30 or 0.00000439 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 447,148,401 coins and its circulating supply is 407,145,301 coins. The official message board for Avalanche is medium.com/avalancheavax. 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.

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 buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView