Avalanche Hits Market Capitalization of $10.93 Billion (AVAX)

Avalanche (AVAX) traded up 2.2% against the dollar during the 24-hour period ending at 15:00 PM ET on October 24th. One Avalanche coin can currently be bought for $26.85 or 0.00039557 BTC on cryptocurrency exchanges. Over the last seven days, Avalanche has traded down 0.6% against the dollar. Avalanche has a total market capitalization of $10.93 billion and $228.46 million worth of Avalanche was traded on exchanges in the last day.

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

• NEAR Protocol (NEAR) traded 3% higher against the dollar and now trades at $4.67 or 0.00006875 BTC.
• Internet Computer (ICP) traded 3.5% higher against the dollar and now trades at $8.29 or 0.00012220 BTC.
• Cronos (CRO) traded 1% higher against the dollar and now trades at $0.0757 or 0.00000111 BTC.
• Hedera (HBAR) traded 1.5% higher against the dollar and now trades at $0.0514 or 0.00000076 BTC.
• Cosmos (ATOM) traded 2.8% higher against the dollar and now trades at $4.74 or 0.00006981 BTC.
• Fetch.ai (FET) traded up 2.7% against the dollar and now trades at $1.34 or 0.00001976 BTC.
• Algorand (ALGO) traded up 1.7% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded down 0.6% against the dollar and now trades at $2.42 or 0.00003579 BTC.
• Theta Fuel (TFUEL) traded up 1.8% against the dollar and now trades at $0.0588 or 0.00000087 BTC.
• Kava (KAVA) traded up 2% against the dollar and now trades at $0.35 or 0.00000514 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,968,867 coins and its circulating supply is 406,965,767 coins. 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. The official website for Avalanche is avax.network. 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.”

Buying and Selling Avalanche

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

AVAX/USD price chart by TradingView