Avalanche (AVAX) Trading 12.7% Higher This Week

Avalanche (AVAX) traded down 1.9% against the dollar during the 24 hour period ending at 14:00 PM Eastern on May 7th. Avalanche has a total market cap of $13.91 billion and $358.19 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for $36.56 or 0.00057815 BTC on popular cryptocurrency exchanges. During the last week, Avalanche has traded up 12.7% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 1.8% against the dollar and now trades at $7.39 or 0.00011692 BTC.
• Internet Computer (ICP) traded 1.9% lower against the dollar and now trades at $12.81 or 0.00020262 BTC.
• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $9.28 or 0.00014670 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded 2.8% higher against the dollar and now trades at $2.43 or 0.00003846 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.20 or 0.00000311 BTC.
• Akash Network (AKT) traded down 1.6% against the dollar and now trades at $4.67 or 0.00007359 BTC.
• Kava (KAVA) traded down 1.5% against the dollar and now trades at $0.67 or 0.00001062 BTC.
• Theta Fuel (TFUEL) traded up 3.7% against the dollar and now trades at $0.11 or 0.00000175 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 439,274,853 coins and its circulating supply is 380,585,213 coins. The official message board for Avalanche 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.”

Buying and Selling Avalanche

It is usually not currently 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 Changelly, Gemini 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