Avalanche (AVAX) Trading 9.5% Higher Over Last 7 Days

Avalanche (AVAX) traded up 0.5% against the US dollar during the 1 day period ending at 12:00 PM ET on September 12th. One Avalanche coin can now be bought for approximately $23.50 or 0.00040834 BTC on popular exchanges. Over the last seven days, Avalanche has traded 9.5% higher against the US dollar. Avalanche has a market cap of $9.52 billion and $205.87 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded 5.9% higher against the dollar and now trades at $4.14 or 0.00007201 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $8.41 or 0.00014608 BTC.
• Cronos (CRO) traded up 0.8% against the dollar and now trades at $0.0788 or 0.00000137 BTC.
• Hedera (HBAR) traded down 0% against the dollar and now trades at $0.0499 or 0.00000087 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $4.06 or 0.00007064 BTC.
• Fetch.ai (FET) traded 5% higher against the dollar and now trades at $1.39 or 0.00002415 BTC.
• Algorand (ALGO) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000220 BTC.
• Akash Network (AKT) traded 2.6% higher against the dollar and now trades at $2.40 or 0.00004160 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0558 or 0.00000097 BTC.
• Kava (KAVA) traded 2.5% higher against the dollar and now trades at $0.31 or 0.00000536 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 445,325,517 coins and its circulating supply is 405,322,417 coins. The official message board for Avalanche is medium.com/avalancheavax. 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 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 presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini 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