Avalanche Reaches Market Cap of $14.15 Billion (AVAX)

Avalanche (AVAX) traded down 0.5% against the U.S. dollar during the 1-day period ending at 17:00 PM E.T. on May 5th. Avalanche has a market capitalization of $14.15 billion and approximately $359.94 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for about $37.20 or 0.00058353 BTC on cryptocurrency exchanges. In the last week, Avalanche has traded 6.2% higher against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded 8.3% higher against the dollar and now trades at $7.44 or 0.00011674 BTC.
• Internet Computer (ICP) traded down 2.2% against the dollar and now trades at $12.99 or 0.00020376 BTC.
• Hedera (HBAR) traded up 0.9% against the dollar and now trades at $0.11 or 0.00000174 BTC.
• Cosmos (ATOM) traded up 6.6% against the dollar and now trades at $9.30 or 0.00014589 BTC.
• Cronos (CRO) traded 1.1% lower against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded up 7.2% against the dollar and now trades at $2.34 or 0.00003677 BTC.
• Algorand (ALGO) traded 1% higher against the dollar and now trades at $0.20 or 0.00000308 BTC.
• Akash Network (AKT) traded up 16.5% against the dollar and now trades at $5.04 or 0.00007912 BTC.
• Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.69 or 0.00001087 BTC.
• Theta Fuel (TFUEL) traded down 0% against the dollar and now trades at $0.11 or 0.00000173 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 439,026,506 coins and its circulating supply is 380,336,866 coins. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView