Avalanche (AVAX) Price Up 6.2% Over Last Week

Avalanche (AVAX) traded down 0.5% against the US dollar during the twenty-four hour period ending at 17:00 PM Eastern on May 5th. One Avalanche coin can now be bought for $37.20 or 0.00058353 BTC on cryptocurrency exchanges. Avalanche has a total market capitalization of $14.15 billion and approximately $359.94 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded up 6.2% against the US dollar.

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

• NEAR Protocol (NEAR) traded 8.3% higher against the dollar and now trades at $7.44 or 0.00011674 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $12.99 or 0.00020376 BTC.
• Hedera (HBAR) traded 0.9% higher against the dollar and now trades at $0.11 or 0.00000174 BTC.
• Cosmos (ATOM) traded up 6.6% against the dollar and now trades at $9.30 or 0.00014589 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded up 7.2% against the dollar and now trades at $2.34 or 0.00003677 BTC.
• Algorand (ALGO) traded 1% higher against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded 16.5% higher against the dollar and now trades at $5.04 or 0.00007912 BTC.
• Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.69 or 0.00001087 BTC.
• Theta Fuel (TFUEL) traded 0% lower against the dollar and now trades at $0.11 or 0.00000173 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 439,026,506 coins and its circulating supply is 380,336,866 coins. The official website for Avalanche 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.”

Buying and Selling Avalanche

It is usually not presently 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 Changelly, Gemini or Coinbase. 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