Avalanche Trading Down 27.7% This Week (AVAX)

Avalanche (AVAX) traded down 7% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on April 16th. Avalanche has a total market cap of $12.85 billion and $837.67 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded down 27.7% against the U.S. dollar. One Avalanche coin can now be purchased for about $33.99 or 0.00054709 BTC on popular exchanges.

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

• NEAR Protocol (NEAR) traded 3.8% lower against the dollar and now trades at $5.17 or 0.00008318 BTC.
• Internet Computer (ICP) traded 8.1% lower against the dollar and now trades at $11.86 or 0.00019089 BTC.
• Cronos (CRO) traded down 5% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 3.4% against the dollar and now trades at $7.96 or 0.00012809 BTC.
• Hedera (HBAR) traded 5.2% lower against the dollar and now trades at $0.0781 or 0.00000126 BTC.
• Fetch.ai (FET) traded 9.3% lower against the dollar and now trades at $2.00 or 0.00003220 BTC.
• Algorand (ALGO) traded 4.6% lower against the dollar and now trades at $0.17 or 0.00000272 BTC.
• Akash Network (AKT) traded down 8.1% against the dollar and now trades at $3.55 or 0.00005698 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.63 or 0.00001009 BTC.
• Theta Fuel (TFUEL) traded down 5% against the dollar and now trades at $0.0821 or 0.00000132 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 436,609,002 coins and its circulating supply is 377,919,362 coins. Avalanche’s official website is avax.network. 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 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 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 Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView