Avalanche Reaches Market Cap of $12.90 Billion (AVAX)

Avalanche (AVAX) traded 2.1% lower against the US dollar during the 24 hour period ending at 22:00 PM E.T. on April 17th. Avalanche has a market cap of $12.90 billion and approximately $613.64 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for approximately $34.12 or 0.00055166 BTC on major exchanges. In the last seven days, Avalanche has traded down 27% against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded 0.9% higher against the dollar and now trades at $5.46 or 0.00008826 BTC.
• Internet Computer (ICP) traded 2% lower against the dollar and now trades at $12.05 or 0.00019488 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.12 or 0.00000199 BTC.
• Cosmos (ATOM) traded 0.5% lower against the dollar and now trades at $8.13 or 0.00013138 BTC.
• Hedera (HBAR) traded 0.1% lower against the dollar and now trades at $0.0796 or 0.00000129 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $2.00 or 0.00003228 BTC.
• Algorand (ALGO) traded down 1.9% against the dollar and now trades at $0.17 or 0.00000277 BTC.
• Akash Network (AKT) traded 6.1% lower against the dollar and now trades at $3.76 or 0.00006129 BTC.
• Kava (KAVA) traded up 0.9% against the dollar and now trades at $0.65 or 0.00001054 BTC.
• Theta Fuel (TFUEL) traded 2.3% lower against the dollar and now trades at $0.0836 or 0.00000135 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 436,670,211 coins and its circulating supply is 377,980,571 coins. The official website for Avalanche is avax.network. 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.

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 trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX 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