Avalanche Trading 8.3% Lower This Week (AVAX)

Avalanche (AVAX) traded 0.7% higher against the dollar during the 1-day period ending at 23:00 PM E.T. on October 26th. One Avalanche coin can now be bought for about $25.48 or 0.00037984 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $10.37 billion and $137.96 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last seven days, Avalanche has traded down 8.3% against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $4.24 or 0.00006327 BTC.
• Internet Computer (ICP) traded down 0.9% against the dollar and now trades at $7.71 or 0.00011495 BTC.
• Cronos (CRO) traded up 0.5% against the dollar and now trades at $0.0734 or 0.00000109 BTC.
• Hedera (HBAR) traded up 0.9% against the dollar and now trades at $0.0483 or 0.00000072 BTC.
• Cosmos (ATOM) traded down 2.6% against the dollar and now trades at $4.36 or 0.00006492 BTC.
• Fetch.ai (FET) traded 2.4% higher against the dollar and now trades at $1.24 or 0.00001853 BTC.
• Algorand (ALGO) traded down 0.1% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Akash Network (AKT) traded 0.1% lower against the dollar and now trades at $2.28 or 0.00003398 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0547 or 0.00000082 BTC.
• Kava (KAVA) traded 1.6% lower against the dollar and now trades at $0.32 or 0.00000480 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,020,182 coins and its circulating supply is 407,017,082 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. 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.”

Buying and Selling Avalanche

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

AVAX/USD price chart by TradingView