Avalanche Trading 2.4% Lower Over Last Week (AVAX)

Avalanche (AVAX) traded 7% lower against the US dollar during the one day period ending at 0:00 AM Eastern on July 10th. During the last week, Avalanche has traded down 2.4% against the US dollar. Avalanche has a total market cap of $10.03 billion and $246.84 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for approximately $25.43 or 0.00044052 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded down 1.8% against the dollar and now trades at $4.60 or 0.00007975 BTC.
• Internet Computer (ICP) traded 1.9% lower against the dollar and now trades at $7.21 or 0.00012497 BTC.
• Hedera (HBAR) traded down 3.3% against the dollar and now trades at $0.0665 or 0.00000115 BTC.
• Cosmos (ATOM) traded 0.9% higher against the dollar and now trades at $6.07 or 0.00010522 BTC.
• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.0845 or 0.00000146 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $1.18 or 0.00002046 BTC.
• Algorand (ALGO) traded down 1.3% against the dollar and now trades at $0.14 or 0.00000240 BTC.
• Akash Network (AKT) traded 0.1% lower against the dollar and now trades at $3.55 or 0.00006158 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0660 or 0.00000114 BTC.
• Kava (KAVA) traded down 0.1% against the dollar and now trades at $0.39 or 0.00000671 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 443,744,017 coins and its circulating supply is 394,397,647 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. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche 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.”

Buying and Selling Avalanche

It is usually not presently 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 Gemini, Coinbase or Changelly. 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