Avalanche Achieves Market Capitalization of $8.72 Billion (AVAX)

Avalanche (AVAX) traded 8.2% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on August 4th. Avalanche has a total market cap of $8.72 billion and $231.42 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for $22.07 or 0.00036784 BTC on popular exchanges. During the last week, Avalanche has traded 19.5% lower against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded 7.6% lower against the dollar and now trades at $4.27 or 0.00007124 BTC.
• Internet Computer (ICP) traded 8.2% lower against the dollar and now trades at $7.62 or 0.00012701 BTC.
• Cronos (CRO) traded 4.1% lower against the dollar and now trades at $0.0807 or 0.00000134 BTC.
• Hedera (HBAR) traded 4.1% lower against the dollar and now trades at $0.0570 or 0.00000095 BTC.
• Cosmos (ATOM) traded down 7.1% against the dollar and now trades at $4.96 or 0.00008275 BTC.
• Fetch.ai (FET) traded 9.9% lower against the dollar and now trades at $0.97 or 0.00001610 BTC.
• Algorand (ALGO) traded 6.3% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Akash Network (AKT) traded down 10.1% against the dollar and now trades at $2.29 or 0.00003781 BTC.
• Theta Fuel (TFUEL) traded down 8.3% against the dollar and now trades at $0.0547 or 0.00000091 BTC.
• Kava (KAVA) traded 7.6% lower against the dollar and now trades at $0.33 or 0.00000547 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 444,399,927 coins and its circulating supply is 395,053,557 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. The official website for Avalanche is avax.network. Avalanche’s official message board is medium.com/avalancheavax.

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 possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly 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