Avalanche Price Up 3.7% Over Last 7 Days (AVAX)

Avalanche (AVAX) traded 10.7% higher against the US dollar during the 1 day period ending at 19:00 PM Eastern on November 6th. Avalanche has a market cap of $11.06 billion and approximately $626.77 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded 3.7% higher against the US dollar. One Avalanche coin can now be purchased for approximately $27.15 or 0.00036106 BTC on major cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 7.5% higher against the dollar and now trades at $4.19 or 0.00005575 BTC.
• Internet Computer (ICP) traded 4.7% higher against the dollar and now trades at $7.86 or 0.00010448 BTC.
• Fetch.ai (FET) traded up 10.3% against the dollar and now trades at $1.41 or 0.00001873 BTC.
• Cronos (CRO) traded up 17.1% against the dollar and now trades at $0.0851 or 0.00000113 BTC.
• Hedera (HBAR) traded up 4.2% against the dollar and now trades at $0.0489 or 0.00000065 BTC.
• Cosmos (ATOM) traded up 6.3% against the dollar and now trades at $4.53 or 0.00006023 BTC.
• Algorand (ALGO) traded up 5.2% against the dollar and now trades at $0.12 or 0.00000162 BTC.
• Akash Network (AKT) traded 6.2% higher against the dollar and now trades at $2.44 or 0.00003220 BTC.
• Kava (KAVA) traded 8.6% higher against the dollar and now trades at $0.34 or 0.00000458 BTC.
• Theta Fuel (TFUEL) traded 4.6% higher against the dollar and now trades at $0.0549 or 0.00000073 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,205,529 coins and its circulating supply is 407,202,429 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official website is avax.network.

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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView