Avalanche Achieves Market Capitalization of $10.84 Billion (AVAX)

Avalanche (AVAX) traded 3.4% lower against the dollar during the 1 day period ending at 14:00 PM E.T. on July 28th. In the last seven days, Avalanche has traded down 10.8% against the dollar. Avalanche has a total market cap of $10.84 billion and approximately $258.96 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for $27.45 or 0.00040380 BTC on popular exchanges.

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

• NEAR Protocol (NEAR) traded 3.4% lower against the dollar and now trades at $5.48 or 0.00008056 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $9.47 or 0.00013926 BTC.
• Cosmos (ATOM) traded down 0.1% against the dollar and now trades at $6.30 or 0.00009273 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.0678 or 0.00000100 BTC.
• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0903 or 0.00000133 BTC.
• Fetch.ai (FET) traded 2.3% lower against the dollar and now trades at $1.25 or 0.00001834 BTC.
• Algorand (ALGO) traded down 2.5% against the dollar and now trades at $0.14 or 0.00000204 BTC.
• Akash Network (AKT) traded up 0.1% against the dollar and now trades at $3.25 or 0.00004796 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0687 or 0.00000101 BTC.
• Kava (KAVA) traded 1.8% lower against the dollar and now trades at $0.42 or 0.00000611 BTC.

About Avalanche

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 444,186,950 coins and its circulating supply is 394,840,580 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 message board is medium.com/avalancheavax. The official website for Avalanche 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.”

Buying and Selling Avalanche

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, 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