Avalanche (AVAX) Market Capitalization Hits $10.15 Billion

Avalanche (AVAX) traded 1.7% lower against the US dollar during the 24-hour period ending at 18:00 PM E.T. on July 10th. Avalanche has a total market cap of $10.15 billion and approximately $255.75 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded 3.1% lower against the US dollar. One Avalanche coin can currently be purchased for $25.75 or 0.00044544 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded up 2.1% against the dollar and now trades at $4.61 or 0.00007971 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $7.17 or 0.00012405 BTC.
• Hedera (HBAR) traded 2.8% lower against the dollar and now trades at $0.0660 or 0.00000114 BTC.
• Cosmos (ATOM) traded up 1.6% against the dollar and now trades at $6.02 or 0.00010413 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0846 or 0.00000146 BTC.
• Fetch.ai (FET) traded down 0.4% against the dollar and now trades at $1.19 or 0.00002058 BTC.
• Algorand (ALGO) traded down 0.4% against the dollar and now trades at $0.14 or 0.00000239 BTC.
• Akash Network (AKT) traded up 0.1% against the dollar and now trades at $3.55 or 0.00006165 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0669 or 0.00000116 BTC.
• Kava (KAVA) traded 1.5% higher against the dollar and now trades at $0.39 or 0.00000669 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 443,743,178 coins and its circulating supply is 394,396,808 coins. 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. 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 (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 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 Changelly, Gemini or Coinbase. 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