Avalanche Market Capitalization Tops $9.64 Billion (AVAX)

Avalanche (AVAX) traded down 0.8% against the dollar during the 1 day period ending at 18:00 PM ET on September 18th. Over the last seven days, Avalanche has traded 1.3% higher against the dollar. Avalanche has a market cap of $9.64 billion and approximately $260.19 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be purchased for about $23.75 or 0.00039359 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded down 1.4% against the dollar and now trades at $4.12 or 0.00006830 BTC.
• Internet Computer (ICP) traded 1% higher against the dollar and now trades at $7.98 or 0.00013218 BTC.
• Cronos (CRO) traded down 0.2% against the dollar and now trades at $0.0800 or 0.00000133 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.0500 or 0.00000083 BTC.
• Cosmos (ATOM) traded 2.8% higher against the dollar and now trades at $4.30 or 0.00007131 BTC.
• Fetch.ai (FET) traded up 1.7% against the dollar and now trades at $1.39 or 0.00002307 BTC.
• Algorand (ALGO) traded 0.8% higher against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Akash Network (AKT) traded 2.5% higher against the dollar and now trades at $2.51 or 0.00004202 BTC.
• Theta Fuel (TFUEL) traded 0.2% higher against the dollar and now trades at $0.0610 or 0.00000101 BTC.
• Kava (KAVA) traded up 7.1% against the dollar and now trades at $0.33 or 0.00000540 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 445,925,185 coins and its circulating supply is 405,922,085 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. The official message board for Avalanche 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 currently 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 GDAX, Coinbase or Changelly. 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