Avalanche (AVAX) Market Capitalization Hits $18.87 Billion

Avalanche (AVAX) traded 2.5% higher against the U.S. dollar during the one day period ending at 20:00 PM E.T. on April 8th. One Avalanche coin can currently be bought for about $49.93 or 0.00069680 BTC on cryptocurrency exchanges. Avalanche has a total market cap of $18.87 billion and approximately $480.98 million worth of Avalanche was traded on exchanges in the last 24 hours. In the last seven days, Avalanche has traded down 2.2% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Internet Computer (ICP) traded up 4% against the dollar and now trades at $17.82 or 0.00024872 BTC.
• NEAR Protocol (NEAR) traded 6.2% higher against the dollar and now trades at $7.33 or 0.00010228 BTC.
• Cosmos (ATOM) traded 2.1% higher against the dollar and now trades at $11.32 or 0.00015792 BTC.
• Cronos (CRO) traded 5.6% higher against the dollar and now trades at $0.15 or 0.00000215 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.11 or 0.00000152 BTC.
• Fetch.ai (FET) traded 5.3% higher against the dollar and now trades at $2.84 or 0.00003960 BTC.
• Algorand (ALGO) traded up 4.9% against the dollar and now trades at $0.25 or 0.00000343 BTC.
• Kava (KAVA) traded up 4.9% against the dollar and now trades at $1.00 or 0.00001391 BTC.
• Akash Network (AKT) traded 0.7% higher against the dollar and now trades at $4.41 or 0.00006145 BTC.
• Theta Fuel (TFUEL) traded up 7.4% against the dollar and now trades at $0.0972 or 0.00000136 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 436,581,078 coins and its circulating supply is 377,891,438 coins. 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. 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.”

Buying and Selling Avalanche

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