Avalanche (AVAX) Reaches Market Cap of $6.34 Billion

Avalanche (AVAX) traded 2.2% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on November 29th. In the last seven days, Avalanche has traded 11.7% higher against the dollar. Avalanche has a total market capitalization of $6.34 billion and approximately $324.91 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be bought for about $14.77 or 0.00016275 BTC on exchanges.

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

• Cronos (CRO) traded 3.9% lower against the dollar and now trades at $0.11 or 0.00000119 BTC.
• Hedera (HBAR) traded down 3.2% against the dollar and now trades at $0.14 or 0.00000159 BTC.
• NEAR Protocol (NEAR) traded 3% lower against the dollar and now trades at $1.87 or 0.00002057 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $3.98 or 0.00004389 BTC.
• Algorand (ALGO) traded down 3.3% against the dollar and now trades at $0.14 or 0.00000155 BTC.
• Cosmos (ATOM) traded down 3.4% against the dollar and now trades at $2.41 or 0.00002652 BTC.
• Fetch.ai (FET) traded 4.3% lower against the dollar and now trades at $0.26 or 0.00000289 BTC.
• Theta Fuel (TFUEL) traded 4% higher against the dollar and now trades at $0.0218 or 0.00000024 BTC.
• Akash Network (AKT) traded 5% lower against the dollar and now trades at $0.50 or 0.00000549 BTC.
• Kava (KAVA) traded 0.5% higher against the dollar and now trades at $0.13 or 0.00000140 BTC.

About Avalanche

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 460,638,298 coins and its circulating supply is 428,969,198 coins. Avalanche’s official message board is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

It is usually not presently 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView