Avalanche Market Cap Hits $10.64 Billion (AVAX)

Avalanche (AVAX) traded 1.4% lower against the US dollar during the twenty-four hour period ending at 21:00 PM Eastern on October 30th. One Avalanche coin can now be purchased for about $26.14 or 0.00036158 BTC on popular cryptocurrency exchanges. In the last week, Avalanche has traded down 3.7% against the US dollar. Avalanche has a market capitalization of $10.64 billion and approximately $233.32 million worth of Avalanche was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded 1.5% lower against the dollar and now trades at $4.30 or 0.00005946 BTC.
• Internet Computer (ICP) traded 1.2% higher against the dollar and now trades at $8.18 or 0.00011316 BTC.
• Fetch.ai (FET) traded 1.5% lower against the dollar and now trades at $1.29 or 0.00001788 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.0756 or 0.00000105 BTC.
• Hedera (HBAR) traded 1.1% lower against the dollar and now trades at $0.0485 or 0.00000067 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $4.44 or 0.00006142 BTC.
• Algorand (ALGO) traded 1.9% lower against the dollar and now trades at $0.12 or 0.00000166 BTC.
• Akash Network (AKT) traded 5% higher against the dollar and now trades at $2.50 or 0.00003464 BTC.
• Kava (KAVA) traded 1.4% higher against the dollar and now trades at $0.35 or 0.00000482 BTC.
• Theta Fuel (TFUEL) traded down 2.4% against the dollar and now trades at $0.0545 or 0.00000075 BTC.

About Avalanche

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,100,366 coins and its circulating supply is 407,097,266 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax. The official website for Avalanche is avax.network. 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.”

Buying and Selling Avalanche

It is usually not currently 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 GDAX, Changelly or Coinbase. 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