Avalanche (AVAX) Market Cap Tops $3.25 Billion

Avalanche (AVAX) traded 0.3% lower against the US dollar during the 1-day period ending at 13:00 PM E.T. on September 19th. Avalanche has a market cap of $3.25 billion and $115.56 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded 0.6% lower against the US dollar. One Avalanche coin can currently be purchased for about $9.19 or 0.00033808 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Cosmos (ATOM) traded up 1.5% against the dollar and now trades at $7.51 or 0.00027631 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.0507 or 0.00000187 BTC.
• Internet Computer (ICP) traded up 0.7% against the dollar and now trades at $3.03 or 0.00011139 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0510 or 0.00000188 BTC.
• NEAR Protocol (NEAR) traded up 0.7% against the dollar and now trades at $1.12 or 0.00004123 BTC.
• Algorand (ALGO) traded 1% lower against the dollar and now trades at $0.0968 or 0.00000356 BTC.
• Kava (KAVA) traded up 0.7% against the dollar and now trades at $0.64 or 0.00002355 BTC.
• Theta Fuel (TFUEL) traded down 1.5% against the dollar and now trades at $0.0339 or 0.00000125 BTC.
• Fetch.ai (FET) traded up 0.1% against the dollar and now trades at $0.23 or 0.00000854 BTC.
• Akash Network (AKT) traded 4.3% lower against the dollar and now trades at $0.86 or 0.00003128 BTC.

About Avalanche

AVAX uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 431,372,777 coins and its circulating supply is 353,996,597 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche 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.”

Avalanche Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, 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