Avalanche Trading Down 5.1% Over Last 7 Days (AVAX)

Avalanche (AVAX) traded 1.8% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on May 3rd. One Avalanche coin can currently be purchased for approximately $33.41 or 0.00056705 BTC on major cryptocurrency exchanges. Over the last week, Avalanche has traded 5.1% lower against the US dollar. Avalanche has a market cap of $12.68 billion and $307.44 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded up 3.8% against the dollar and now trades at $6.17 or 0.00010476 BTC.
• Internet Computer (ICP) traded down 3% against the dollar and now trades at $13.00 or 0.00022062 BTC.
• Hedera (HBAR) traded up 7.2% against the dollar and now trades at $0.10 or 0.00000175 BTC.
• Cronos (CRO) traded up 3.5% against the dollar and now trades at $0.13 or 0.00000217 BTC.
• Cosmos (ATOM) traded down 1.5% against the dollar and now trades at $8.67 or 0.00014718 BTC.
• Fetch.ai (FET) traded down 0.7% against the dollar and now trades at $1.97 or 0.00003341 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.18 or 0.00000306 BTC.
• Akash Network (AKT) traded 1.3% higher against the dollar and now trades at $4.03 or 0.00006791 BTC.
• Kava (KAVA) traded 2.3% higher against the dollar and now trades at $0.66 or 0.00001119 BTC.
• Theta Fuel (TFUEL) traded down 0.6% against the dollar and now trades at $0.0990 or 0.00000168 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 438,226,532 coins and its circulating supply is 379,536,892 coins. 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. 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 possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView