Avalanche Price (AUD) Chart

Avalanche price (AUD)

$0.00

0.00%

Global Rank

#0

Market Cap

$0.00

24hr High

-

24hr Low

-

24hr Change

0.00%

24hr Volume

$0.00

Avalanche is on the incline in the last 7 days

In the past 24 hours, the price of Avalanche has increased by 3.8%. It's price has dropped by 0.2% in the last 7 days. The current price per AVAX is $19.36 AUD. There is a current circulating supply of 310,074,905 AVAX.

What is Avalanche (AVAX)?

Avalanche is a blockchain platform with smart contracts capabilities that supports the creation of decentralised application (dApps) and custom blockchains. Avalanche uses its own consensus protocol that ensures all validator nodes work in parallel to verify other validator’s. This provides users with near-instant transaction, while continuing to maintain security and decentralisation.

Avalanche has gained widespread popularity, being a contender against Ethereum (ETH) due to its fast-processing speeds and low transaction fees.

AVAX is the native utility token used in the Avalanche ecosystem. AVAX serves as a currency typically used for fee collection and incentives. AVAX can also be staked to secure the network to verify transactions.

Check out our in-depth guide to Avalanche (AVAX), available on Swyftx Learn.

Understanding Avalanche Price Chart

The Avalanche price charts represent the cryptocurrency’s performance since its initial release. Users can select custom timeframes to see Avalanche’s performance during a particular period. Our users can use these price charts to perform crypto technical analysis of their favourite assets.

Avalanche’s price chart is presented as a candlestick chart. Many traders utilise candlestick charts to accurately track the price movements of an asset.

Read our guide to candlestick charts to understand how they can be accurately read.

Frequently Asked Questions

What makes Avalanche (AVAX) unique?

Avalanche is often compared to Ethereum due to its smart contract capabilities and ability to host dApps. What sets Avalanche apart from Ethereum is that instead of using a Proof-of-Work (PoW) mechanism, Avalanche uses its own consensus mechanism named “The Avalanche Consensus Protocol”. The Avalanche Consensus Protocol verifies all validator nodes by working in parallel to each other. The Avalanche protocol consists of three blockchains working together, these include: Exchange Chain, Platform Chain and Contract Chain.

 

Avalanche has stated that it can process 4,5000 Transactions Per Second (TPS) on its platform. This is much faster than Ethereum’s 12-15 TPS. The faster processing speeds mean that transactions fees on Avalanche are incredibly low as they require far less computing power than its competitors.

How is Avalanche price determined?

Much the same as other assets such as equities and commodities, the price of Avalanche is determined by its supply and demand. An increase in demand for AVAX will cause Avalanche’s price to trend upwards. Whereas an increase in people wanting to sell Avalanche will drive the price down.

 

This is also the same for supply. When there is an excess supply of AVAX but low demand, the current price of Avalanche will fall. When demand exceeds supply, the price is likely to rise.

Who created Avalanche?

Avalanche was first created by Kevin Sekniqi, Maofan Yin and Emin Gün Sirer. The group released information about the Avalanche protocol in 2018, under the pseudonym “Team Rocket”. Avalanche was later developed by a team of researchers from Cornell University and was first launched in March, 2020 by Ava Labs.

Benefits of using Swyftx

How to invest
Avalanche (AVAX)

Signup Now

Create Account

Creating a Swyftx account is easy, you will be required to provide some personal details including: name, email and phone number.  Submit a form of identification (I.e. driver’s license or passport) to activate your account.

Add Funds

Once your account has been verified, you can deposit fiat currency (AUD) via numerous payments methods including: Debit card, Bank transfer, OSKO, PayID, POLi.

Start Trading

Once the funds have cleared and are available in your account, you can securely trade Avalanche in Australia.

Want to trade on the go?

Download the app

Download our App and buy, sell and trade Crypto anywhere at any time.

330 reviews
526 reviews