Avalanche (AVAX) Market Cap Achieves $9.48 Billion

Avalanche (AVAX) traded 2.6% higher against the US dollar during the one day period ending at 7:00 AM Eastern on March 26th. Avalanche has a market capitalization of $9.48 billion and approximately $349.48 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded 17% higher against the US dollar. One Avalanche coin can currently be purchased for about $22.86 or 0.00025932 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.20 or 0.00000227 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $3.04 or 0.00003452 BTC.
• Internet Computer (ICP) traded up 3.7% against the dollar and now trades at $6.35 or 0.00007197 BTC.
• Cronos (CRO) traded 1.6% higher against the dollar and now trades at $0.11 or 0.00000119 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $4.94 or 0.00005599 BTC.
• Algorand (ALGO) traded 2.9% higher against the dollar and now trades at $0.22 or 0.00000245 BTC.
• Fetch.ai (FET) traded 1.4% higher against the dollar and now trades at $0.58 or 0.00000654 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.49 or 0.00000556 BTC.
• Akash Network (AKT) traded down 0.5% against the dollar and now trades at $1.42 or 0.00001605 BTC.
• Theta Fuel (TFUEL) traded 2.1% higher against the dollar and now trades at $0.0408 or 0.00000046 BTC.

Avalanche Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 451,462,266 coins and its circulating supply is 414,792,766 coins. Avalanche’s official message board 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. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView