Avalanche (AVAX) Achieves Market Capitalization of $11.72 Billion

Avalanche (AVAX) traded 0.7% lower against the US dollar during the 1 day period ending at 18:00 PM ET on June 16th. Avalanche has a total market capitalization of $11.72 billion and $175.24 million worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded 9.4% lower against the US dollar. One Avalanche coin can currently be bought for $29.80 or 0.00044830 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 0.5% against the dollar and now trades at $5.64 or 0.00008479 BTC.
• Internet Computer (ICP) traded up 3.1% against the dollar and now trades at $9.40 or 0.00014147 BTC.
• Hedera (HBAR) traded 0.6% higher against the dollar and now trades at $0.0856 or 0.00000129 BTC.
• Cosmos (ATOM) traded 1.1% higher against the dollar and now trades at $7.20 or 0.00010832 BTC.
• Cronos (CRO) traded 2.4% lower against the dollar and now trades at $0.0985 or 0.00000148 BTC.
• Fetch.ai (FET) traded 0.2% higher against the dollar and now trades at $1.47 or 0.00002205 BTC.
• Algorand (ALGO) traded 1.4% higher against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Akash Network (AKT) traded 4.4% lower against the dollar and now trades at $3.34 or 0.00005019 BTC.
• Kava (KAVA) traded 0.3% lower against the dollar and now trades at $0.56 or 0.00000838 BTC.
• Theta Fuel (TFUEL) traded up 2.5% against the dollar and now trades at $0.0815 or 0.00000123 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 442,679,871 coins and its circulating supply is 393,333,501 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche is medium.com/avalancheavax.

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 presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView