Avalanche Market Cap Reaches $14.06 Billion (AVAX)

Avalanche (AVAX) traded up 10% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on April 14th. One Avalanche coin can now be purchased for $37.20 or 0.00056734 BTC on major exchanges. Avalanche has a market capitalization of $14.06 billion and $1.16 billion worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded down 23.7% against the dollar.

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

• NEAR Protocol (NEAR) traded up 11% against the dollar and now trades at $5.72 or 0.00008721 BTC.
• Internet Computer (ICP) traded up 5.3% against the dollar and now trades at $12.88 or 0.00019640 BTC.
• Cronos (CRO) traded 7.1% higher against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded 3.9% higher against the dollar and now trades at $8.31 or 0.00012673 BTC.
• Hedera (HBAR) traded up 6.2% against the dollar and now trades at $0.0833 or 0.00000127 BTC.
• Fetch.ai (FET) traded 13.6% higher against the dollar and now trades at $2.20 or 0.00003358 BTC.
• Algorand (ALGO) traded up 7.4% against the dollar and now trades at $0.18 or 0.00000274 BTC.
• Akash Network (AKT) traded up 10.8% against the dollar and now trades at $3.85 or 0.00005873 BTC.
• Kava (KAVA) traded up 6.1% against the dollar and now trades at $0.67 or 0.00001026 BTC.
• Theta Fuel (TFUEL) traded 10.2% higher against the dollar and now trades at $0.0863 or 0.00000132 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 436,601,192 coins and its circulating supply is 377,911,552 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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. The official website for Avalanche is avax.network.

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 purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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