Avalanche (AVAX) Hits Market Cap of $15.10 Billion

Avalanche (AVAX) traded up 0.3% against the dollar during the 1-day period ending at 11:00 AM E.T. on May 24th. Over the last seven days, Avalanche has traded 4% higher against the dollar. Avalanche has a total market cap of $15.10 billion and $614.12 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for about $38.45 or 0.00056301 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded up 3.2% against the dollar and now trades at $7.89 or 0.00011552 BTC.
• Internet Computer (ICP) traded up 0.7% against the dollar and now trades at $12.35 or 0.00018080 BTC.
• Hedera (HBAR) traded 1.4% lower against the dollar and now trades at $0.11 or 0.00000159 BTC.
• Cosmos (ATOM) traded 1.6% higher against the dollar and now trades at $8.47 or 0.00012396 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.12 or 0.00000177 BTC.
• Fetch.ai (FET) traded down 1.2% against the dollar and now trades at $2.33 or 0.00003413 BTC.
• Algorand (ALGO) traded 4.8% higher against the dollar and now trades at $0.19 or 0.00000273 BTC.
• Akash Network (AKT) traded down 2.6% against the dollar and now trades at $5.26 or 0.00007766 BTC.
• Kava (KAVA) traded 1.5% higher against the dollar and now trades at $0.67 or 0.00000985 BTC.
• Theta Fuel (TFUEL) traded 0.3% lower against the dollar and now trades at $0.11 or 0.00000154 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 442,176,101 coins and its circulating supply is 392,829,731 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. Avalanche’s official message board 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 Gemini, Changelly 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