Avalanche Price Down 3.7% This Week (AVAX)

Avalanche (AVAX) traded up 3.9% against the dollar during the one day period ending at 15:00 PM E.T. on September 7th. Avalanche has a market cap of $8.84 billion and $181.83 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last seven days, Avalanche has traded down 3.7% against the dollar. One Avalanche coin can currently be bought for $21.81 or 0.00040205 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded 3.8% higher against the dollar and now trades at $3.69 or 0.00006799 BTC.
• Internet Computer (ICP) traded 1.9% higher against the dollar and now trades at $7.07 or 0.00013039 BTC.
• Cronos (CRO) traded 2.9% higher against the dollar and now trades at $0.0765 or 0.00000141 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.0482 or 0.00000089 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $3.69 or 0.00006802 BTC.
• Fetch.ai (FET) traded up 2.5% against the dollar and now trades at $1.07 or 0.00001964 BTC.
• Algorand (ALGO) traded up 5.5% against the dollar and now trades at $0.12 or 0.00000223 BTC.
• Akash Network (AKT) traded 1.9% higher against the dollar and now trades at $2.25 or 0.00004150 BTC.
• Theta Fuel (TFUEL) traded up 1.2% against the dollar and now trades at $0.0527 or 0.00000097 BTC.
• Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.28 or 0.00000518 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 445,260,505 coins and its circulating supply is 405,257,405 coins. The official website for Avalanche is avax.network. 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. 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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView