Avalanche Market Cap Hits $10.90 Billion (AVAX)

Avalanche (AVAX) traded 1.5% higher against the dollar during the 24-hour period ending at 19:00 PM E.T. on October 29th. In the last week, Avalanche has traded down 3.1% against the dollar. Avalanche has a total market capitalization of $10.90 billion and approximately $267.84 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for about $26.78 or 0.00036936 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded up 2.2% against the dollar and now trades at $4.42 or 0.00006095 BTC.
• Internet Computer (ICP) traded up 4.2% against the dollar and now trades at $8.13 or 0.00011207 BTC.
• Cronos (CRO) traded 2.9% higher against the dollar and now trades at $0.0767 or 0.00000106 BTC.
• Hedera (HBAR) traded up 1.1% against the dollar and now trades at $0.0495 or 0.00000068 BTC.
• Cosmos (ATOM) traded up 1.1% against the dollar and now trades at $4.53 or 0.00006241 BTC.
• Fetch.ai (FET) traded up 3.3% against the dollar and now trades at $1.33 or 0.00001836 BTC.
• Algorand (ALGO) traded 4.6% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.
• Akash Network (AKT) traded 4.7% higher against the dollar and now trades at $2.38 or 0.00003265 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0563 or 0.00000078 BTC.
• Kava (KAVA) traded 6% higher against the dollar and now trades at $0.35 or 0.00000480 BTC.

About Avalanche

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 447,084,703 coins and its circulating supply is 407,081,603 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official website is avax.network. 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.

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 presently possible to buy alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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