Avalanche Price Down 4.7% This Week (AVAX)

Avalanche (AVAX) traded 0.1% higher against the U.S. dollar during the 24-hour period ending at 0:00 AM Eastern on June 1st. Over the last seven days, Avalanche has traded down 4.7% against the U.S. dollar. Avalanche has a total market cap of $14.16 billion and approximately $155.78 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for about $36.01 or 0.00053195 BTC on cryptocurrency exchanges.

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

  • NEAR Protocol (NEAR) traded up 2.5% against the dollar and now trades at $7.39 or 0.00010914 BTC.
  • Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $12.13 or 0.00017910 BTC.
  • Hedera (HBAR) traded up 0% against the dollar and now trades at $0.0999 or 0.00000148 BTC.
  • Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $8.36 or 0.00012342 BTC.
  • Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.11 or 0.00000167 BTC.
  • Fetch.ai (FET) traded down 0.5% against the dollar and now trades at $2.12 or 0.00003130 BTC.
  • Algorand (ALGO) traded 0.4% higher against the dollar and now trades at $0.19 or 0.00000278 BTC.
  • Akash Network (AKT) traded 1% lower against the dollar and now trades at $4.57 or 0.00006752 BTC.
  • Kava (KAVA) traded 1.2% higher against the dollar and now trades at $0.66 or 0.00000974 BTC.
  • Theta Fuel (TFUEL) traded up 2.7% against the dollar and now trades at $0.0970 or 0.00000143 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 442,460,724 coins and its circulating supply is 393,114,354 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.”

Buying and Selling Avalanche

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

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