Avalanche (AVAX) Trading 25.5% Lower Over Last 7 Days

Avalanche (AVAX) traded down 7.2% against the US dollar during the 1-day period ending at 11:00 AM Eastern on December 20th. One Avalanche coin can currently be purchased for approximately $38.30 or 0.00039241 BTC on major cryptocurrency exchanges. In the last week, Avalanche has traded down 25.5% against the US dollar. Avalanche has a total market cap of $15.69 billion and $1.64 billion worth of Avalanche was traded on exchanges in the last 24 hours.

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

• Hedera (HBAR) traded 7.3% lower against the dollar and now trades at $0.27 or 0.00000274 BTC.
• NEAR Protocol (NEAR) traded down 7% against the dollar and now trades at $5.13 or 0.00005254 BTC.
• Internet Computer (ICP) traded 6.9% lower against the dollar and now trades at $10.09 or 0.00010337 BTC.
• Cronos (CRO) traded down 8.8% against the dollar and now trades at $0.16 or 0.00000162 BTC.
• Fetch.ai (FET) traded 5.2% lower against the dollar and now trades at $1.30 or 0.00001331 BTC.
• Algorand (ALGO) traded down 8.6% against the dollar and now trades at $0.33 or 0.00000336 BTC.
• Cosmos (ATOM) traded 8.8% lower against the dollar and now trades at $6.66 or 0.00006821 BTC.
• Akash Network (AKT) traded up 1.1% against the dollar and now trades at $3.24 or 0.00003324 BTC.
• Kava (KAVA) traded 7.1% lower against the dollar and now trades at $0.42 or 0.00000429 BTC.
• Theta Fuel (TFUEL) traded down 5.2% against the dollar and now trades at $0.0632 or 0.00000065 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 448,133,027 coins and its circulating supply is 409,796,727 coins. Avalanche’s official website 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. Avalanche’s official message board 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.”

Buying and Selling Avalanche

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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