Avalanche (AVAX) Market Cap Reaches $22.54 Billion

Avalanche (AVAX) traded 10.2% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM ET on December 4th. One Avalanche coin can currently be purchased for $55.07 or 0.00057311 BTC on cryptocurrency exchanges. Over the last seven days, Avalanche has traded 25.4% higher against the U.S. dollar. Avalanche has a total market cap of $22.54 billion and $1.73 billion worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded down 7.9% against the dollar and now trades at $0.30 or 0.00000312 BTC.
• NEAR Protocol (NEAR) traded up 7.8% against the dollar and now trades at $7.65 or 0.00007957 BTC.
• Internet Computer (ICP) traded 10.4% higher against the dollar and now trades at $15.16 or 0.00015778 BTC.
• Cronos (CRO) traded 12.9% higher against the dollar and now trades at $0.21 or 0.00000223 BTC.
• Fetch.ai (FET) traded up 8.7% against the dollar and now trades at $2.02 or 0.00002102 BTC.
• Algorand (ALGO) traded down 6% against the dollar and now trades at $0.50 or 0.00000520 BTC.
• Cosmos (ATOM) traded 12.3% higher against the dollar and now trades at $10.36 or 0.00010782 BTC.
• Akash Network (AKT) traded up 8.3% against the dollar and now trades at $4.34 or 0.00004505 BTC.
• Kava (KAVA) traded up 15.3% against the dollar and now trades at $0.73 or 0.00000755 BTC.
• Theta Fuel (TFUEL) traded up 15% against the dollar and now trades at $0.0957 or 0.00000100 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,656,002 coins and its circulating supply is 409,319,702 coins. Avalanche’s official website is avax.network. Avalanche’s official message board 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. 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 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 Changelly, Gemini or Coinbase. 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