Avalanche (AVAX) Market Capitalization Achieves $11.11 Billion

Avalanche (AVAX) traded up 1.5% against the dollar during the twenty-four hour period ending at 21:00 PM ET on June 28th. Avalanche has a market capitalization of $11.11 billion and $334.07 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for approximately $28.19 or 0.00046624 BTC on popular cryptocurrency exchanges. In the last week, Avalanche has traded 3.9% higher against the dollar.

Here is how related cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $4.95 or 0.00008184 BTC.
• Internet Computer (ICP) traded 3.6% lower against the dollar and now trades at $7.89 or 0.00013055 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0774 or 0.00000128 BTC.
• Cosmos (ATOM) traded 2% lower against the dollar and now trades at $6.74 or 0.00011139 BTC.
• Cronos (CRO) traded 1.1% lower against the dollar and now trades at $0.0906 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 8.5% against the dollar and now trades at $1.40 or 0.00002314 BTC.
• Algorand (ALGO) traded down 1.4% against the dollar and now trades at $0.14 or 0.00000232 BTC.
• Akash Network (AKT) traded 8.3% higher against the dollar and now trades at $3.57 or 0.00005920 BTC.
• Theta Fuel (TFUEL) traded 1.4% lower against the dollar and now trades at $0.0757 or 0.00000125 BTC.
• Kava (KAVA) traded 2.4% lower against the dollar and now trades at $0.44 or 0.00000725 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 443,245,323 coins and its circulating supply is 393,898,953 coins. The official message board for Avalanche is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. 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.”

Buying and Selling Avalanche

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView