Avalanche Trading Down 9.4% Over Last 7 Days (AVAX)

Avalanche (AVAX) traded 3.8% lower against the US dollar during the 24 hour period ending at 14:00 PM ET on November 3rd. One Avalanche coin can now be bought for about $23.18 or 0.00033860 BTC on popular exchanges. Avalanche has a market cap of $9.44 billion and approximately $249.31 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last seven days, Avalanche has traded 9.4% lower against the US dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• NEAR Protocol (NEAR) traded 6.1% lower against the dollar and now trades at $3.63 or 0.00005299 BTC.
• Internet Computer (ICP) traded down 5.8% against the dollar and now trades at $7.10 or 0.00010375 BTC.
• Fetch.ai (FET) traded down 5.6% against the dollar and now trades at $1.12 or 0.00001634 BTC.
• Cronos (CRO) traded down 1.6% against the dollar and now trades at $0.0710 or 0.00000104 BTC.
• Hedera (HBAR) traded down 5.3% against the dollar and now trades at $0.0425 or 0.00000062 BTC.
• Cosmos (ATOM) traded down 3.2% against the dollar and now trades at $3.94 or 0.00005760 BTC.
• Algorand (ALGO) traded down 5.7% against the dollar and now trades at $0.11 or 0.00000157 BTC.
• Akash Network (AKT) traded 1.4% lower against the dollar and now trades at $2.23 or 0.00003278 BTC.
• Theta Fuel (TFUEL) traded 5.2% lower against the dollar and now trades at $0.0483 or 0.00000071 BTC.
• Kava (KAVA) traded 5.3% lower against the dollar and now trades at $0.30 or 0.00000438 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,140,088 coins and its circulating supply is 407,136,988 coins. Avalanche’s official message board is medium.com/avalancheavax. 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.

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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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