Avalanche Market Cap Achieves $14.64 Billion (AVAX)

Avalanche (AVAX) traded 3.3% lower against the US dollar during the twenty-four hour period ending at 7:00 AM ET on May 26th. In the last seven days, Avalanche has traded up 1.4% against the US dollar. One Avalanche coin can now be purchased for $37.27 or 0.00053868 BTC on major exchanges. Avalanche has a market capitalization of $14.64 billion and approximately $237.78 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $8.05 or 0.00011639 BTC.
• Internet Computer (ICP) traded 1.4% lower against the dollar and now trades at $12.24 or 0.00017694 BTC.
• Hedera (HBAR) traded down 2.1% against the dollar and now trades at $0.11 or 0.00000155 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $8.38 or 0.00012112 BTC.
• Cronos (CRO) traded down 2% against the dollar and now trades at $0.12 or 0.00000173 BTC.
• Fetch.ai (FET) traded 3.6% lower against the dollar and now trades at $2.26 or 0.00003266 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.19 or 0.00000276 BTC.
• Akash Network (AKT) traded 0.7% lower against the dollar and now trades at $5.23 or 0.00007573 BTC.
• Kava (KAVA) traded 1.2% lower against the dollar and now trades at $0.68 or 0.00000979 BTC.
• Theta Fuel (TFUEL) traded down 1.4% against the dollar and now trades at $0.10 or 0.00000152 BTC.

Avalanche Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 442,249,316 coins and its circulating supply is 392,902,946 coins. The official message board for Avalanche is medium.com/avalancheavax. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView