Avalanche Trading 10.3% Higher This Week (AVAX)

Avalanche (AVAX) traded 4.8% higher against the U.S. dollar during the one day period ending at 16:00 PM E.T. on July 19th. One Avalanche coin can now be bought for $28.30 or 0.00042232 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $11.17 billion and $329.51 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded up 10.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• NEAR Protocol (NEAR) traded up 4.6% against the dollar and now trades at $6.37 or 0.00009506 BTC.
• Internet Computer (ICP) traded up 4.4% against the dollar and now trades at $10.10 or 0.00015068 BTC.
• Hedera (HBAR) traded up 4.2% against the dollar and now trades at $0.0755 or 0.00000113 BTC.
• Cosmos (ATOM) traded 3.9% higher against the dollar and now trades at $6.55 or 0.00009776 BTC.
• Cronos (CRO) traded up 1.4% against the dollar and now trades at $0.0946 or 0.00000141 BTC.
• Fetch.ai (FET) traded up 6.5% against the dollar and now trades at $1.48 or 0.00002206 BTC.
• Algorand (ALGO) traded up 5.6% against the dollar and now trades at $0.16 or 0.00000237 BTC.
• Akash Network (AKT) traded up 4.1% against the dollar and now trades at $3.49 or 0.00005218 BTC.
• Theta Fuel (TFUEL) traded 6.4% higher against the dollar and now trades at $0.0745 or 0.00000111 BTC.
• Kava (KAVA) traded 4.1% higher against the dollar and now trades at $0.42 or 0.00000633 BTC.

About Avalanche

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,073,002 coins and its circulating supply is 394,726,632 coins. The official website for Avalanche is avax.network. 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.

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. 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