Avalanche Reaches Market Capitalization of $20.40 Billion (AVAX)

Avalanche (AVAX) traded up 0.5% against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on March 28th. One Avalanche coin can now be purchased for $54.06 or 0.00076388 BTC on cryptocurrency exchanges. Avalanche has a market cap of $20.40 billion and $467.95 million worth of Avalanche was traded on exchanges in the last 24 hours. Over the last week, Avalanche has traded 2.2% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Internet Computer (ICP) traded down 3.8% against the dollar and now trades at $17.77 or 0.00025107 BTC.
• NEAR Protocol (NEAR) traded 3% lower against the dollar and now trades at $7.05 or 0.00009967 BTC.
• Cosmos (ATOM) traded down 3.3% against the dollar and now trades at $12.16 or 0.00017182 BTC.
• Cronos (CRO) traded 3.5% higher against the dollar and now trades at $0.15 or 0.00000216 BTC.
• Hedera (HBAR) traded up 1.5% against the dollar and now trades at $0.11 or 0.00000162 BTC.
• Fetch.ai (FET) traded 5.3% higher against the dollar and now trades at $3.24 or 0.00004581 BTC.
• Algorand (ALGO) traded 0.9% higher against the dollar and now trades at $0.27 or 0.00000381 BTC.
• Akash Network (AKT) traded 0.2% higher against the dollar and now trades at $5.32 or 0.00007512 BTC.
• Kava (KAVA) traded up 2.5% against the dollar and now trades at $0.99 or 0.00001405 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.0843 or 0.00000119 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 436,106,176 coins and its circulating supply is 377,416,536 coins. The official message board for Avalanche is medium.com/avalancheavax. 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.

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