Avalanche (AVAX) Market Cap Reaches $13.03 Billion

Avalanche (AVAX) traded 1.4% higher against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on April 28th. One Avalanche coin can now be purchased for $34.43 or 0.00054240 BTC on cryptocurrency exchanges. Avalanche has a market cap of $13.03 billion and $272.14 million worth of Avalanche was traded on exchanges in the last day. During the last seven days, Avalanche has traded down 8.4% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded up 6.7% against the dollar and now trades at $7.29 or 0.00011478 BTC.
• Internet Computer (ICP) traded up 4.6% against the dollar and now trades at $13.50 or 0.00021269 BTC.
• Hedera (HBAR) traded down 3.2% against the dollar and now trades at $0.10 or 0.00000165 BTC.
• Cronos (CRO) traded up 4.2% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded up 2% against the dollar and now trades at $8.32 or 0.00013101 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $2.17 or 0.00003425 BTC.
• Algorand (ALGO) traded up 1.5% against the dollar and now trades at $0.20 or 0.00000309 BTC.
• Akash Network (AKT) traded 1.4% higher against the dollar and now trades at $4.36 or 0.00006850 BTC.
• Kava (KAVA) traded up 2.1% against the dollar and now trades at $0.70 or 0.00001101 BTC.
• Theta Fuel (TFUEL) traded 3.8% higher against the dollar and now trades at $0.11 or 0.00000172 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 437,097,817 coins and its circulating supply is 378,408,177 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. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche 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.”

Avalanche Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView