Avalanche (AVAX) Achieves Market Cap of $5.67 Billion

Avalanche (AVAX) traded down 3.4% against the dollar during the 1-day period ending at 0:00 AM Eastern on March 18th. Avalanche has a total market cap of $5.67 billion and approximately $209.49 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for $17.40 or 0.00063772 BTC on popular cryptocurrency exchanges. During the last week, Avalanche has traded up 19.8% against the dollar.

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

• Cosmos (ATOM) traded down 5.9% against the dollar and now trades at $12.43 or 0.00045564 BTC.
• Hedera (HBAR) traded down 3.8% against the dollar and now trades at $0.0636 or 0.00000233 BTC.
• NEAR Protocol (NEAR) traded down 2.3% against the dollar and now trades at $2.16 or 0.00007902 BTC.
• Cronos (CRO) traded down 2.8% against the dollar and now trades at $0.0717 or 0.00000263 BTC.
• Internet Computer (ICP) traded down 3.5% against the dollar and now trades at $5.49 or 0.00020112 BTC.
• Algorand (ALGO) traded 3.3% lower against the dollar and now trades at $0.22 or 0.00000811 BTC.
• PayProtocol Paycoin (PCI) traded down 3.3% against the dollar and now trades at $0.26 or 0.00000966 BTC.
• Kava (KAVA) traded 5% lower against the dollar and now trades at $1.01 or 0.00003713 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $0.43 or 0.00001565 BTC.
• Theta Fuel (TFUEL) traded down 3.2% against the dollar and now trades at $0.0566 or 0.00000207 BTC.

Avalanche Coin Profile

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 421,676,065 coins and its circulating supply is 325,613,345 coins. Avalanche’s official Twitter account is @avalancheavax 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. The official website for Avalanche is avax.network. The official message board for Avalanche is medium.com/avalancheavax.

According to CryptoCompare, “Avalanche (AVAX) is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Launched its mainnet in September 2020, it is capable of processing 4,500+ transactions per second, and has security thresholds well-above the 51% standards of other networks. It was created by a team of developers, academics and entrepreneurs led by Dr. Emin Gün Sirer.”

Buying and Selling Avalanche

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView