Avalanche Market Capitalization Tops $11.59 Billion (AVAX)

Avalanche (AVAX) traded 4.7% higher against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on July 27th. Avalanche has a market cap of $11.59 billion and $259.24 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for $29.36 or 0.00042476 BTC on major exchanges. During the last seven days, Avalanche has traded up 4.6% against the U.S. dollar.

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

• NEAR Protocol (NEAR) traded 3.7% higher against the dollar and now trades at $5.86 or 0.00008484 BTC.
• Internet Computer (ICP) traded 2.3% higher against the dollar and now trades at $9.82 or 0.00014216 BTC.
• Hedera (HBAR) traded up 3.7% against the dollar and now trades at $0.0699 or 0.00000101 BTC.
• Cosmos (ATOM) traded up 3.6% against the dollar and now trades at $6.34 or 0.00009170 BTC.
• Cronos (CRO) traded 1% higher against the dollar and now trades at $0.0918 or 0.00000133 BTC.
• Fetch.ai (FET) traded up 4% against the dollar and now trades at $1.32 or 0.00001916 BTC.
• Algorand (ALGO) traded 2.9% higher against the dollar and now trades at $0.15 or 0.00000210 BTC.
• Akash Network (AKT) traded up 5.2% against the dollar and now trades at $3.30 or 0.00004764 BTC.
• Theta Fuel (TFUEL) traded up 3.1% against the dollar and now trades at $0.0700 or 0.00000101 BTC.
• Kava (KAVA) traded up 2.3% against the dollar and now trades at $0.43 or 0.00000619 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 444,176,568 coins and its circulating supply is 394,830,198 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 website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official message board for Avalanche is medium.com/avalancheavax.

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 acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. 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