Avalanche (AVAX) Hits Market Cap of $10.93 Billion

Avalanche (AVAX) traded 2.2% higher against the dollar during the 1 day period ending at 19:00 PM Eastern on October 29th. Avalanche has a total market cap of $10.93 billion and approximately $277.05 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded down 3.2% against the dollar. One Avalanche coin can now be bought for about $26.85 or 0.00036888 BTC on popular exchanges.

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

• NEAR Protocol (NEAR) traded 2.5% higher against the dollar and now trades at $4.44 or 0.00006104 BTC.
• Internet Computer (ICP) traded up 4.2% against the dollar and now trades at $8.12 or 0.00011155 BTC.
• Cronos (CRO) traded up 3.2% against the dollar and now trades at $0.0768 or 0.00000105 BTC.
• Hedera (HBAR) traded 1.6% higher against the dollar and now trades at $0.0497 or 0.00000068 BTC.
• Cosmos (ATOM) traded up 1.1% against the dollar and now trades at $4.52 or 0.00006211 BTC.
• Fetch.ai (FET) traded up 3.7% against the dollar and now trades at $1.34 or 0.00001835 BTC.
• Algorand (ALGO) traded up 4.7% against the dollar and now trades at $0.12 or 0.00000170 BTC.
• Akash Network (AKT) traded up 6% against the dollar and now trades at $2.39 or 0.00003306 BTC.
• Theta Fuel (TFUEL) traded up 2.7% against the dollar and now trades at $0.0562 or 0.00000077 BTC.
• Kava (KAVA) traded up 6.2% against the dollar and now trades at $0.35 or 0.00000478 BTC.

Avalanche Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,084,668 coins and its circulating supply is 407,081,568 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official message board is medium.com/avalancheavax. 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.”

Avalanche Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire 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 exchanges listed above.

AVAX/USD price chart by TradingView