Avalanche Trading 11.7% Lower This Week (AVAX)

Avalanche (AVAX) traded down 1.9% against the US dollar during the one day period ending at 16:00 PM E.T. on November 4th. Avalanche has a market capitalization of $9.31 billion and approximately $208.18 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded 11.7% lower against the US dollar. One Avalanche coin can now be bought for approximately $22.86 or 0.00033803 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $3.61 or 0.00005334 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $7.02 or 0.00010383 BTC.
• Fetch.ai (FET) traded 0.4% lower against the dollar and now trades at $1.12 or 0.00001661 BTC.
• Cronos (CRO) traded down 0.7% against the dollar and now trades at $0.0707 or 0.00000104 BTC.
• Hedera (HBAR) traded up 0.1% 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 up 0.9% against the dollar and now trades at $0.11 or 0.00000160 BTC.
• Akash Network (AKT) traded 3.1% lower 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. It launched on September 21st, 2020. Avalanche’s total supply is 447,148,401 coins and its circulating supply is 407,145,301 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 message board is medium.com/avalancheavax. Avalanche’s official website 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.”

Avalanche Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView