Avalanche (AVAX) Price Down 11% This Week

Avalanche (AVAX) traded 3% lower against the dollar during the 1-day period ending at 10:00 AM Eastern on January 20th. During the last seven days, Avalanche has traded 11% lower against the dollar. One Avalanche coin can currently be purchased for approximately $12.34 or 0.00013578 BTC on major cryptocurrency exchanges. Avalanche has a total market cap of $5.32 billion and $300.12 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded down 0% against the dollar and now trades at $0.0937 or 0.00000103 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.11 or 0.00000117 BTC.
• Internet Computer (ICP) traded 8.5% lower against the dollar and now trades at $3.62 or 0.00003987 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $1.53 or 0.00001688 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $2.35 or 0.00002588 BTC.
• Algorand (ALGO) traded down 2.3% against the dollar and now trades at $0.12 or 0.00000128 BTC.
• Fetch.ai (FET) traded 2.6% lower against the dollar and now trades at $0.24 or 0.00000259 BTC.
• Theta Fuel (TFUEL) traded 2.7% lower against the dollar and now trades at $0.0183 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded 0.9% higher against the dollar and now trades at $0.0679 or 0.00000075 BTC.
• Akash Network (AKT) traded 3.5% lower against the dollar and now trades at $0.42 or 0.00000461 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 462,651,993 coins and its circulating supply is 430,982,893 coins. 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. The official message board for Avalanche is medium.com/avalancheavax. 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 buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView