Avalanche (AVAX) Trading Down 16.6% This Week

Avalanche (AVAX) traded 14.7% higher against the US dollar during the 24-hour period ending at 11:00 AM E.T. on December 24th. Avalanche has a total market capitalization of $16.86 billion and $782.42 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded down 16.6% against the US dollar. One Avalanche coin can now be purchased for approximately $41.13 or 0.00041934 BTC on exchanges.

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

• Hedera (HBAR) traded 20.2% higher against the dollar and now trades at $0.32 or 0.00000327 BTC.
• NEAR Protocol (NEAR) traded up 11.3% against the dollar and now trades at $5.60 or 0.00005708 BTC.
• Internet Computer (ICP) traded 12.3% higher against the dollar and now trades at $11.18 or 0.00011399 BTC.
• Cronos (CRO) traded 8.3% higher against the dollar and now trades at $0.17 or 0.00000169 BTC.
• Fetch.ai (FET) traded 12.9% higher against the dollar and now trades at $1.41 or 0.00001441 BTC.
• Algorand (ALGO) traded 14.6% higher against the dollar and now trades at $0.40 or 0.00000411 BTC.
• Cosmos (ATOM) traded up 11.1% against the dollar and now trades at $7.12 or 0.00007256 BTC.
• Akash Network (AKT) traded up 9.5% against the dollar and now trades at $3.37 or 0.00003463 BTC.
• Kava (KAVA) traded up 12.5% against the dollar and now trades at $0.48 or 0.00000485 BTC.
• Theta Fuel (TFUEL) traded 8.8% higher against the dollar and now trades at $0.0713 or 0.00000073 BTC.

About Avalanche

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 448,180,886 coins and its circulating supply is 409,844,586 coins. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed 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 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, GDAX or Gemini. 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