Avalanche Reaches Market Capitalization of $11.84 Billion (AVAX)

Avalanche (AVAX) traded down 0.6% against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on June 16th. One Avalanche coin can now be purchased for $30.11 or 0.00045232 BTC on popular cryptocurrency exchanges. Avalanche has a market cap of $11.84 billion and approximately $163.23 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded down 7.3% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $5.63 or 0.00008462 BTC.
• Internet Computer (ICP) traded up 0.9% against the dollar and now trades at $9.33 or 0.00014010 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0859 or 0.00000129 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $7.22 or 0.00010849 BTC.
• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0992 or 0.00000149 BTC.
• Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $1.46 or 0.00002191 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Akash Network (AKT) traded down 3.1% against the dollar and now trades at $3.36 or 0.00005050 BTC.
• Kava (KAVA) traded 0.2% higher against the dollar and now trades at $0.56 or 0.00000842 BTC.
• Theta Fuel (TFUEL) traded up 0.4% against the dollar and now trades at $0.0804 or 0.00000121 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 442,677,268 coins and its circulating supply is 393,330,898 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official website is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official Twitter account is @avax and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView