Binance-Peg Avalanche (AVAX)
Details about Binance-Peg Avalanche cryptocurrency
€190,195
20.721
Unknown
https://www.avax.network/
@avalancheavax
Binance-Peg Avalanche price charts
AVAX exchanges
Binance-Peg Avalanche, the crypto
Binance-Peg Avalanche (AVAX) is a cryptocurrency based on the Avalanche blockchain. It is pegged to the value of AVAX on Binance exchange, which means that the value of AVAX will always be close to the value of AVAX on Binance.
The point
The main point of Binance-Peg Avalanche (AVAX) is to provide an alternative way for users to invest in the Avalanche blockchain without having to buy or sell AVAX tokens on the Binance platform. By using Binance-Peg Avalanche (AVAX), users can easily trade AVAX on other exchanges or use it for transactions on the Avalanche network.
The problem
Binance-Peg Avalanche (AVAX) tries to solve the problem of liquidity on other exchanges. By offering a cryptocurrency that is pegged to the value of AVAX on the Binance exchange, it is easier for users to trade AVAX on other exchanges that might not have as much liquidity or volume for AVAX. Additionally, it allows users to easily move their AVAX without having to worry about price fluctuations that might occur during the transfer process.
Compare AVAX and BTC performance
| Timeframe | AVAX | BTC |
|---|---|---|
| 1h change | 0.285657 % | 0.107139 % |
| 24h change | -4.78 % | -1.59139 % |
| 7 day change | -26.23 % | -6.60678 % |
| 14 day change | -27.22 % | -2.77097 % |
| 30 day change | -37.17 % | -5.59896 % |
| 200 day change | 271.23 % | 133.206 % |
| Year change | 84.7 % | 116.775 % |