Avalanche Market Cap Hits $7.64 Billion (AVAX)

Avalanche (AVAX) traded 2% lower against the US dollar during the one day period ending at 15:00 PM ET on November 17th. Avalanche has a total market cap of $7.64 billion and $1.81 billion worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for $21.48 or 0.00058940 BTC on popular cryptocurrency exchanges. Over the last week, Avalanche has traded 47.3% higher against the US dollar.

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

• Cosmos (ATOM) traded 5.5% lower against the dollar and now trades at $9.20 or 0.00025249 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.0979 or 0.00000268 BTC.
• Hedera (HBAR) traded up 1% against the dollar and now trades at $0.0620 or 0.00000170 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $4.29 or 0.00011777 BTC.
• NEAR Protocol (NEAR) traded up 8.1% against the dollar and now trades at $1.85 or 0.00005067 BTC.
• Algorand (ALGO) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000363 BTC.
• Kava (KAVA) traded down 2.4% against the dollar and now trades at $0.78 or 0.00002135 BTC.
• Fetch.ai (FET) traded up 0.6% against the dollar and now trades at $0.44 or 0.00001204 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0442 or 0.00000121 BTC.
• Akash Network (AKT) traded down 0.9% against the dollar and now trades at $1.02 or 0.00002795 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 432,971,383 coins and its circulating supply is 355,595,203 coins. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed 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 currently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, 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