Avalanche Achieves Market Capitalization of $8.08 Billion (AVAX)

Avalanche (AVAX) traded up 5.3% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on March 22nd. One Avalanche coin can currently be purchased for about $19.49 or 0.00023127 BTC on popular exchanges. Avalanche has a market capitalization of $8.08 billion and $189.35 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded up 5.3% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.18 or 0.00000219 BTC.
• NEAR Protocol (NEAR) traded 3% higher against the dollar and now trades at $2.78 or 0.00003300 BTC.
• Internet Computer (ICP) traded 1.9% higher against the dollar and now trades at $5.77 or 0.00006851 BTC.
• Cronos (CRO) traded up 2.8% against the dollar and now trades at $0.0798 or 0.00000095 BTC.
• Cosmos (ATOM) traded up 5.6% against the dollar and now trades at $4.79 or 0.00005678 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.19 or 0.00000225 BTC.
• Fetch.ai (FET) traded up 2.4% against the dollar and now trades at $0.52 or 0.00000615 BTC.
• Kava (KAVA) traded up 0.6% against the dollar and now trades at $0.55 or 0.00000651 BTC.
• Akash Network (AKT) traded 7% higher against the dollar and now trades at $1.26 or 0.00001491 BTC.
• Theta Fuel (TFUEL) traded up 2.9% against the dollar and now trades at $0.0390 or 0.00000046 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 451,394,214 coins and its circulating supply is 414,724,714 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 Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax. Avalanche’s official website is avax.network.

According to CryptoCompare, “Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Buying and Selling Avalanche

It is usually not possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, 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