Avalanche (AVAX) Achieves Market Capitalization of $14.27 Billion

Avalanche (AVAX) traded up 4% against the U.S. dollar during the one day period ending at 23:00 PM Eastern on June 4th. During the last seven days, Avalanche has traded 1.7% lower against the U.S. dollar. One Avalanche coin can now be purchased for approximately $36.29 or 0.00051166 BTC on major cryptocurrency exchanges. Avalanche has a total market capitalization of $14.27 billion and $341.43 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded 5.7% higher against the dollar and now trades at $7.50 or 0.00010579 BTC.
• Internet Computer (ICP) traded up 3.3% against the dollar and now trades at $12.39 or 0.00017469 BTC.
• Hedera (HBAR) traded 1.4% higher against the dollar and now trades at $0.10 or 0.00000144 BTC.
• Cosmos (ATOM) traded up 2.3% against the dollar and now trades at $8.55 or 0.00012058 BTC.
• Cronos (CRO) traded up 4.1% against the dollar and now trades at $0.11 or 0.00000159 BTC.
• Fetch.ai (FET) traded 0.5% higher against the dollar and now trades at $2.16 or 0.00003041 BTC.
• Algorand (ALGO) traded 2.5% higher against the dollar and now trades at $0.19 or 0.00000263 BTC.
• Akash Network (AKT) traded 0.9% higher against the dollar and now trades at $4.47 or 0.00006340 BTC.
• Kava (KAVA) traded 4.1% higher against the dollar and now trades at $0.68 or 0.00000963 BTC.
• Theta Fuel (TFUEL) traded up 2.1% against the dollar and now trades at $0.0944 or 0.00000133 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 442,561,493 coins and its circulating supply is 393,215,123 coins. Avalanche’s official website is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. 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.”

Buying and Selling Avalanche

It is usually not currently 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, Coinbase or Gemini. 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