Avalanche (AVAX) Price Down 1.6% This Week

Avalanche (AVAX) traded down 1.9% against the dollar during the 1 day period ending at 7:00 AM ET on March 30th. One Avalanche coin can currently be purchased for $19.33 or 0.00023288 BTC on popular exchanges. In the last seven days, Avalanche has traded 1.6% lower against the dollar. Avalanche has a total market cap of $8.02 billion and $232.74 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.11 or 0.00000127 BTC.
• Hedera (HBAR) traded 1.5% higher against the dollar and now trades at $0.17 or 0.00000206 BTC.
• NEAR Protocol (NEAR) traded 4.8% higher against the dollar and now trades at $2.72 or 0.00003275 BTC.
• Internet Computer (ICP) traded up 0.8% against the dollar and now trades at $5.40 or 0.00006503 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $4.32 or 0.00005202 BTC.
• Algorand (ALGO) traded 0.3% higher against the dollar and now trades at $0.18 or 0.00000221 BTC.
• Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $0.48 or 0.00000574 BTC.
• Kava (KAVA) traded up 1.5% against the dollar and now trades at $0.43 or 0.00000512 BTC.
• Akash Network (AKT) traded 0.2% lower against the dollar and now trades at $1.21 or 0.00001456 BTC.
• Theta Fuel (TFUEL) traded up 0% against the dollar and now trades at $0.0360 or 0.00000043 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 451,513,626 coins and its circulating supply is 414,844,126 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. The official website for Avalanche is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

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