Avalanche Hits Market Capitalization of $13.02 Billion (AVAX)

Avalanche (AVAX) traded 1.6% lower against the U.S. dollar during the one day period ending at 16:00 PM Eastern on April 27th. Avalanche has a total market capitalization of $13.02 billion and $339.48 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last seven days, Avalanche has traded down 8.3% against the U.S. dollar. One Avalanche coin can currently be bought for approximately $34.42 or 0.00054368 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded up 8% against the dollar and now trades at $7.56 or 0.00011945 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $13.17 or 0.00020800 BTC.
• Hedera (HBAR) traded 3.4% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $8.39 or 0.00013256 BTC.
• Fetch.ai (FET) traded 1.4% lower against the dollar and now trades at $2.17 or 0.00003431 BTC.
• Algorand (ALGO) traded down 0.4% against the dollar and now trades at $0.20 or 0.00000314 BTC.
• Akash Network (AKT) traded down 3.9% against the dollar and now trades at $4.45 or 0.00007030 BTC.
• Kava (KAVA) traded down 2.6% against the dollar and now trades at $0.69 or 0.00001096 BTC.
• Theta Fuel (TFUEL) traded down 8% against the dollar and now trades at $0.11 or 0.00000171 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 437,056,878 coins and its circulating supply is 378,367,238 coins. 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 message board is medium.com/avalancheavax. 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 possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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