Avalanche Achieves Market Capitalization of $9.85 Billion (AVAX)

Avalanche (AVAX) traded up 3.5% against the US dollar during the 24-hour period ending at 12:00 PM ET on September 17th. One Avalanche coin can currently be purchased for $24.26 or 0.00039900 BTC on exchanges. Avalanche has a total market cap of $9.85 billion and approximately $224.08 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last week, Avalanche has traded 1.6% higher against the US dollar.

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

• NEAR Protocol (NEAR) traded 8.7% higher against the dollar and now trades at $4.24 or 0.00006974 BTC.
• Internet Computer (ICP) traded 1.8% higher against the dollar and now trades at $8.11 or 0.00013337 BTC.
• Cronos (CRO) traded up 1.3% against the dollar and now trades at $0.0811 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.3% higher against the dollar and now trades at $0.0503 or 0.00000083 BTC.
• Cosmos (ATOM) traded 4.9% higher against the dollar and now trades at $4.17 or 0.00006853 BTC.
• Fetch.ai (FET) traded up 2.9% against the dollar and now trades at $1.35 or 0.00002223 BTC.
• Algorand (ALGO) traded 1.2% higher against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Akash Network (AKT) traded up 3.6% against the dollar and now trades at $2.45 or 0.00004015 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0613 or 0.00000101 BTC.
• Kava (KAVA) traded up 0.4% against the dollar and now trades at $0.30 or 0.00000496 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 445,871,467 coins and its circulating supply is 405,868,367 coins. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche is avax.network. 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.

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.”

Avalanche Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView