Avalanche Market Capitalization Hits $10.84 Billion (AVAX)

Avalanche (AVAX) traded 0.4% lower against the US dollar during the twenty-four hour period ending at 15:00 PM E.T. on July 29th. In the last week, Avalanche has traded 14.4% lower against the US dollar. Avalanche has a market capitalization of $10.84 billion and $340.84 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be purchased for about $27.46 or 0.00040750 BTC on cryptocurrency exchanges.

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

• NEAR Protocol (NEAR) traded 2.5% lower against the dollar and now trades at $5.34 or 0.00007926 BTC.
• Internet Computer (ICP) traded down 4.3% against the dollar and now trades at $9.05 or 0.00013427 BTC.
• Cosmos (ATOM) traded 1.2% lower against the dollar and now trades at $6.21 or 0.00009220 BTC.
• Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0674 or 0.00000100 BTC.
• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.0904 or 0.00000134 BTC.
• Fetch.ai (FET) traded 0.2% lower against the dollar and now trades at $1.24 or 0.00001845 BTC.
• Algorand (ALGO) traded 0.4% higher against the dollar and now trades at $0.14 or 0.00000208 BTC.
• Akash Network (AKT) traded down 4.2% against the dollar and now trades at $3.17 or 0.00004705 BTC.
• Theta Fuel (TFUEL) traded up 0.6% against the dollar and now trades at $0.0695 or 0.00000103 BTC.
• Kava (KAVA) traded up 0.1% against the dollar and now trades at $0.42 or 0.00000618 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,213,868 coins and its circulating supply is 394,867,498 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 website is avax.network. 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.”

Avalanche Coin Trading

It is usually not 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 Gemini, GDAX 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