Avalanche (AVAX) Market Cap Hits $10.53 Billion

Avalanche (AVAX) traded 0.6% lower against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on February 22nd. One Avalanche coin can now be purchased for about $25.43 or 0.00026311 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $10.53 billion and $651.39 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded 2.7% lower against the U.S. dollar.

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

• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.21 or 0.00000222 BTC.
• NEAR Protocol (NEAR) traded 1.3% higher against the dollar and now trades at $3.60 or 0.00003730 BTC.
• Internet Computer (ICP) traded 2.7% lower against the dollar and now trades at $7.12 or 0.00007372 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0856 or 0.00000089 BTC.
• Algorand (ALGO) traded down 3.4% against the dollar and now trades at $0.27 or 0.00000277 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $4.84 or 0.00005010 BTC.
• Fetch.ai (FET) traded 1.8% lower against the dollar and now trades at $0.79 or 0.00000815 BTC.
• Akash Network (AKT) traded 5.6% lower against the dollar and now trades at $1.81 or 0.00001871 BTC.
• Kava (KAVA) traded down 5.4% against the dollar and now trades at $0.43 or 0.00000448 BTC.
• Theta Fuel (TFUEL) traded 1.6% lower against the dollar and now trades at $0.0490 or 0.00000051 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 450,628,835 coins and its circulating supply is 413,959,335 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. The official message board for Avalanche is medium.com/avalancheavax. 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.”

Avalanche Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView