Avalanche (AVAX) Achieves Market Cap of $10.13 Billion

Avalanche (AVAX) traded 1.3% higher against the US dollar during the 1 day period ending at 0:00 AM E.T. on June 26th. One Avalanche coin can now be bought for approximately $25.71 or 0.00042065 BTC on major exchanges. Avalanche has a market cap of $10.13 billion and $345.18 million worth of Avalanche was traded on exchanges in the last day. During the last week, Avalanche has traded 4.9% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded down 4.2% against the dollar and now trades at $5.15 or 0.00008423 BTC.
• Internet Computer (ICP) traded down 1.7% against the dollar and now trades at $8.07 or 0.00013206 BTC.
• Hedera (HBAR) traded down 3.3% against the dollar and now trades at $0.0761 or 0.00000125 BTC.
• Cosmos (ATOM) traded 1.3% lower against the dollar and now trades at $6.79 or 0.00011103 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0895 or 0.00000146 BTC.
• Fetch.ai (FET) traded down 2.4% against the dollar and now trades at $1.66 or 0.00002719 BTC.
• Algorand (ALGO) traded 1.2% lower against the dollar and now trades at $0.14 or 0.00000227 BTC.
• Akash Network (AKT) traded down 6.2% against the dollar and now trades at $2.95 or 0.00004846 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0771 or 0.00000126 BTC.
• Kava (KAVA) traded down 3.8% against the dollar and now trades at $0.45 or 0.00000730 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 443,204,630 coins and its circulating supply is 393,858,260 coins. 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. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed 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 purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView