Avalanche (AVAX) Hits Market Cap of $7.43 Billion

Avalanche (AVAX) traded down 8.1% against the US dollar during the twenty-four hour period ending at 21:00 PM Eastern on November 20th. One Avalanche coin can currently be bought for approximately $20.90 or 0.00055687 BTC on popular exchanges. During the last seven days, Avalanche has traded up 26.9% against the US dollar. Avalanche has a total market capitalization of $7.43 billion and approximately $656.37 million worth of Avalanche was traded on exchanges in the last day.

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

• Cosmos (ATOM) traded down 3.8% against the dollar and now trades at $9.04 or 0.00024093 BTC.
• Cronos (CRO) traded 3% lower against the dollar and now trades at $0.0948 or 0.00000253 BTC.
• Hedera (HBAR) traded 1% higher against the dollar and now trades at $0.0652 or 0.00000174 BTC.
• Internet Computer (ICP) traded up 0.1% against the dollar and now trades at $4.57 or 0.00012184 BTC.
• NEAR Protocol (NEAR) traded down 2.4% against the dollar and now trades at $1.96 or 0.00005229 BTC.
• Algorand (ALGO) traded up 2% against the dollar and now trades at $0.14 or 0.00000379 BTC.
• Kava (KAVA) traded down 2.2% against the dollar and now trades at $0.77 or 0.00002041 BTC.
• Fetch.ai (FET) traded down 0.9% against the dollar and now trades at $0.53 or 0.00001408 BTC.
• Akash Network (AKT) traded up 3.4% against the dollar and now trades at $1.63 or 0.00004337 BTC.
• Theta Fuel (TFUEL) traded 0.1% lower against the dollar and now trades at $0.0451 or 0.00000120 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 432,971,245 coins and its circulating supply is 355,595,065 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official website for Avalanche is avax.network. 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.”

Avalanche Coin Trading

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

AVAX/USD price chart by TradingView