Avalanche (AVAX) Gains 1.9% Daily Amid Weekly Decline
AVAX Shows Steady Gains While Crypto Markets Fluctuate
Avalanche (AVAX) enjoyed a modest boost of 1.9% against the dollar during Friday morning trading, showing resilience while other major cryptos wobbled. Currently sitting at around $13.91 per coin – or 0.00015892 BTC if you’re trading crypto-to-crypto – Avalanche maintains a respectable $5.96 billion market cap despite recent dips.
The past 24 hours saw nearly $16.76 million worth of AVAX changing hands across exchanges. While still down about 4.7% week-over-week, this latest uptick suggests some bullish sentiment returning to the market.
How Other Coins Stacked Up
Here’s how AVAX’s performance compared to similar projects in the same timeframe:
- Cronos (CRO): +1.1% ($0.11)
- Hedera (HBAR): +0.3% ($0.14)
- NEAR Protocol (NEAR): +1.1% ($1.87)
- Internet Computer (ICP): -2.4% ($4.10)
- Fetch.ai (FET): -5.4% ($0.27)
- Akash Network (AKT): +3% ($0.49)
Interesting to see Akash Network outperforming the pack with a solid 3% jump – perhaps indicating growing interest in Web3 infrastructure projects.
Why Avalanche Stands Out
Born in September 2020, Avalanche has quickly become a favorite for developers building:
- Lightning-fast DeFi apps (transactions finalize in under a second!)
- Custom blockchain networks with specialized rules
- Enterprise-grade solutions
The project boasts some serious tech chops with 4,500+ transactions per second capability and security standards exceeding typical 51% attack thresholds. With over 1,000 validator nodes already participating, the network keeps growing stronger.
What really makes AVAX unique? For starters, its fixed supply of 460 million coins (428 million currently circulating) creates built-in scarcity. Then there’s the burn mechanism – every network fee permanently removes AVAX from supply, making existing coins more valuable.
Getting Your Hands on AVAX
Here’s the deal: You can’t directly buy AVAX with dollars (yet). Savvy traders typically:
- Purchase Bitcoin or Ethereum through exchanges like Coinbase or Gemini
- Transfer their BTC/ETH to a trading platform that lists AVAX
- Swap their crypto for AVAX at current market rates
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All price data current as of November 25, 10:00 AM ET. Always do your own research before trading!
