Avalanche Achieves Market Capitalization of $16.86 Billion (AVAX)

Avalanche (AVAX) traded 14.7% higher against the US dollar during the 1 day period ending at 11:00 AM Eastern on December 24th. One Avalanche coin can currently be bought for approximately $41.13 or 0.00041934 BTC on major cryptocurrency exchanges. Avalanche has a total market capitalization of $16.86 billion and $782.42 million worth of Avalanche was traded on exchanges in the last day. Over the last week, Avalanche has traded 16.6% lower against the US dollar.

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

• Hedera (HBAR) traded 20.2% higher against the dollar and now trades at $0.32 or 0.00000327 BTC.
• NEAR Protocol (NEAR) traded up 11.3% against the dollar and now trades at $5.60 or 0.00005708 BTC.
• Internet Computer (ICP) traded up 12.3% against the dollar and now trades at $11.18 or 0.00011399 BTC.
• Cronos (CRO) traded 8.3% higher against the dollar and now trades at $0.17 or 0.00000169 BTC.
• Fetch.ai (FET) traded up 12.9% against the dollar and now trades at $1.41 or 0.00001441 BTC.
• Algorand (ALGO) traded 14.6% higher against the dollar and now trades at $0.40 or 0.00000411 BTC.
• Cosmos (ATOM) traded up 11.1% against the dollar and now trades at $7.12 or 0.00007256 BTC.
• Akash Network (AKT) traded 9.5% higher against the dollar and now trades at $3.37 or 0.00003463 BTC.
• Kava (KAVA) traded 12.5% higher against the dollar and now trades at $0.48 or 0.00000485 BTC.
• Theta Fuel (TFUEL) traded 8.8% higher against the dollar and now trades at $0.0713 or 0.00000073 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 448,180,886 coins and its circulating supply is 409,844,586 coins. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. 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 presently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView