Avalanche (AVAX) Trading 27.3% Lower Over Last 7 Days

Avalanche (AVAX) traded 2.2% lower against the dollar during the one day period ending at 10:00 AM Eastern on April 17th. One Avalanche coin can now be bought for about $33.46 or 0.00053817 BTC on popular cryptocurrency exchanges. Avalanche has a market capitalization of $12.64 billion and $553.34 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last seven days, Avalanche has traded down 27.3% against the dollar.

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

• NEAR Protocol (NEAR) traded 2.2% higher against the dollar and now trades at $5.31 or 0.00008547 BTC.
• Internet Computer (ICP) traded 1.4% lower against the dollar and now trades at $11.82 or 0.00019019 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $7.98 or 0.00012829 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0779 or 0.00000125 BTC.
• Fetch.ai (FET) traded 4.8% lower against the dollar and now trades at $1.92 or 0.00003086 BTC.
• Algorand (ALGO) traded 2.4% lower against the dollar and now trades at $0.17 or 0.00000270 BTC.
• Akash Network (AKT) traded 5.6% higher against the dollar and now trades at $3.76 or 0.00005978 BTC.
• Kava (KAVA) traded 0.2% lower against the dollar and now trades at $0.63 or 0.00001017 BTC.
• Theta Fuel (TFUEL) traded down 2.1% against the dollar and now trades at $0.0810 or 0.00000130 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 436,618,975 coins and its circulating supply is 377,929,335 coins. 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView