Avalanche Trading Up 10.7% Over Last Week (AVAX)

Avalanche (AVAX) traded up 0.6% against the dollar during the 1 day period ending at 9:00 AM E.T. on January 4th. One Avalanche coin can currently be purchased for about $14.09 or 0.00015459 BTC on major cryptocurrency exchanges. Avalanche has a total market capitalization of $6.06 billion and approximately $273.85 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last week, Avalanche has traded up 10.7% against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.11 or 0.00000116 BTC.
• Hedera (HBAR) traded 4.5% higher against the dollar and now trades at $0.13 or 0.00000137 BTC.
• NEAR Protocol (NEAR) traded up 1.7% against the dollar and now trades at $1.73 or 0.00001894 BTC.
• Internet Computer (ICP) traded up 2.5% against the dollar and now trades at $3.21 or 0.00003518 BTC.
• Algorand (ALGO) traded up 6.9% against the dollar and now trades at $0.14 or 0.00000148 BTC.
• Cosmos (ATOM) traded 3.9% higher against the dollar and now trades at $2.30 or 0.00002528 BTC.
• Fetch.ai (FET) traded up 12.7% against the dollar and now trades at $0.26 or 0.00000286 BTC.
• Theta Fuel (TFUEL) traded up 2.5% against the dollar and now trades at $0.0188 or 0.00000021 BTC.
• PayProtocol Paycoin (PCI) traded 0.4% higher against the dollar and now trades at $0.0691 or 0.00000076 BTC.
• Akash Network (AKT) traded 9.5% higher against the dollar and now trades at $0.42 or 0.00000460 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 461,873,516 coins and its circulating supply is 430,204,416 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. The official website for Avalanche is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase 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