Avalanche Market Capitalization Tops $13.16 Billion (AVAX)

Avalanche (AVAX) traded 0.1% lower against the US dollar during the 1-day period ending at 19:00 PM E.T. on April 19th. Avalanche has a total market capitalization of $13.16 billion and $630.91 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can currently be purchased for $34.81 or 0.00054417 BTC on popular cryptocurrency exchanges. Over the last seven days, Avalanche has traded down 11.7% against the US dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Internet Computer (ICP) traded 10.2% higher against the dollar and now trades at $14.10 or 0.00022043 BTC.
• NEAR Protocol (NEAR) traded 1.8% lower against the dollar and now trades at $5.60 or 0.00008756 BTC.
• Cronos (CRO) traded up 0% against the dollar and now trades at $0.12 or 0.00000193 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $8.18 or 0.00012783 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.0806 or 0.00000126 BTC.
• Fetch.ai (FET) traded 3.5% higher against the dollar and now trades at $2.12 or 0.00003311 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.18 or 0.00000274 BTC.
• Akash Network (AKT) traded 1.8% lower against the dollar and now trades at $3.82 or 0.00006008 BTC.
• Kava (KAVA) traded up 0% against the dollar and now trades at $0.67 or 0.00001049 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0867 or 0.00000136 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 436,681,075 coins and its circulating supply is 377,991,435 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 message board is medium.com/avalancheavax. Avalanche’s official website is avax.network.

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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView