Avalanche Trading Up 7.2% Over Last Week (AVAX)

Avalanche (AVAX) traded 6.4% lower against the dollar during the twenty-four hour period ending at 13:00 PM ET on May 8th. One Avalanche coin can now be purchased for approximately $34.46 or 0.00055388 BTC on major cryptocurrency exchanges. In the last week, Avalanche has traded up 7.2% against the dollar. Avalanche has a market cap of $13.12 billion and $367.10 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded 6.3% lower against the dollar and now trades at $6.95 or 0.00011171 BTC.
• Internet Computer (ICP) traded 4.1% lower against the dollar and now trades at $12.32 or 0.00019805 BTC.
• Hedera (HBAR) traded down 3.1% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• Cosmos (ATOM) traded down 1% against the dollar and now trades at $9.17 or 0.00014737 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded down 10.4% against the dollar and now trades at $2.20 or 0.00003542 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.19 or 0.00000308 BTC.
• Akash Network (AKT) traded down 6% against the dollar and now trades at $4.39 or 0.00007047 BTC.
• Kava (KAVA) traded down 1.6% against the dollar and now trades at $0.66 or 0.00001062 BTC.
• Theta Fuel (TFUEL) traded 1.1% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 439,295,018 coins and its circulating supply is 380,605,378 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView