Avalanche (AVAX) Trading 0.1% Higher This Week

Avalanche (AVAX) traded 2.8% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on December 16th. Avalanche has a market capitalization of $20.08 billion and $867.78 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for $49.00 or 0.00046112 BTC on major exchanges. During the last seven days, Avalanche has traded 0.1% higher against the U.S. dollar.

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

• Hedera (HBAR) traded 3.8% lower against the dollar and now trades at $0.28 or 0.00000265 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $6.68 or 0.00006282 BTC.
• Internet Computer (ICP) traded 3.1% lower against the dollar and now trades at $12.78 or 0.00012022 BTC.
• Cronos (CRO) traded 3.5% lower against the dollar and now trades at $0.17 or 0.00000164 BTC.
• Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.72 or 0.00001615 BTC.
• Cosmos (ATOM) traded down 3.8% against the dollar and now trades at $8.83 or 0.00008305 BTC.
• Algorand (ALGO) traded down 3.6% against the dollar and now trades at $0.41 or 0.00000390 BTC.
• Akash Network (AKT) traded down 1.9% against the dollar and now trades at $3.77 or 0.00003552 BTC.
• Kava (KAVA) traded 1.3% lower against the dollar and now trades at $0.56 or 0.00000529 BTC.
• Theta Fuel (TFUEL) traded down 4.5% against the dollar and now trades at $0.0801 or 0.00000075 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 448,099,107 coins and its circulating supply is 409,762,807 coins. Avalanche’s official website 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. The official message board for Avalanche 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.”

Avalanche Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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