Avalanche Trading 5.1% Higher Over Last Week (AVAX)

Avalanche (AVAX) traded up 3.3% against the dollar during the 1-day period ending at 0:00 AM E.T. on July 14th. Avalanche has a total market capitalization of $10.58 billion and approximately $268.68 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded 5.1% higher against the dollar. One Avalanche coin can now be bought for about $26.81 or 0.00042893 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded 2.3% higher against the dollar and now trades at $5.54 or 0.00008866 BTC.
• Internet Computer (ICP) traded 0.5% higher against the dollar and now trades at $8.91 or 0.00014251 BTC.
• Hedera (HBAR) traded 3.9% higher against the dollar and now trades at $0.0740 or 0.00000118 BTC.
• Cronos (CRO) traded 2% higher against the dollar and now trades at $0.0936 or 0.00000150 BTC.
• Cosmos (ATOM) traded 1.6% higher against the dollar and now trades at $6.29 or 0.00010067 BTC.
• Fetch.ai (FET) traded up 8.2% against the dollar and now trades at $1.29 or 0.00002069 BTC.
• Algorand (ALGO) traded 7.6% higher against the dollar and now trades at $0.16 or 0.00000251 BTC.
• Akash Network (AKT) traded 2.7% higher against the dollar and now trades at $3.49 or 0.00005711 BTC.
• Theta Fuel (TFUEL) traded 2.8% higher against the dollar and now trades at $0.0716 or 0.00000115 BTC.
• Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.41 or 0.00000651 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 443,838,562 coins and its circulating supply is 394,492,192 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 Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. 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 possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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