Avalanche Market Capitalization Achieves $11.37 Billion (AVAX)

Avalanche (AVAX) traded 2.4% higher against the US dollar during the 1-day period ending at 18:00 PM E.T. on October 18th. Avalanche has a market cap of $11.37 billion and $180.54 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for $27.95 or 0.00040961 BTC on popular exchanges. In the last seven days, Avalanche has traded up 2% against the US dollar.

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

• NEAR Protocol (NEAR) traded up 1.9% against the dollar and now trades at $4.84 or 0.00007093 BTC.
• Internet Computer (ICP) traded up 4.2% against the dollar and now trades at $8.00 or 0.00011717 BTC.
• Cronos (CRO) traded 0% higher against the dollar and now trades at $0.0778 or 0.00000114 BTC.
• Hedera (HBAR) traded 0.9% higher against the dollar and now trades at $0.0515 or 0.00000075 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $4.32 or 0.00006324 BTC.
• Fetch.ai (FET) traded 4% higher against the dollar and now trades at $1.41 or 0.00002073 BTC.
• Algorand (ALGO) traded 2.5% higher against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded up 1% against the dollar and now trades at $2.47 or 0.00003620 BTC.
• Theta Fuel (TFUEL) traded 1.3% higher against the dollar and now trades at $0.0610 or 0.00000089 BTC.
• Kava (KAVA) traded 1.1% higher against the dollar and now trades at $0.36 or 0.00000534 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 446,867,286 coins and its circulating supply is 406,864,186 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. Avalanche’s official message board 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.”

Avalanche Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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