Avalanche Market Cap Reaches $7.84 Billion (AVAX)

Avalanche (AVAX) traded 1.2% higher against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on March 18th. One Avalanche coin can currently be purchased for $18.92 or 0.00022874 BTC on cryptocurrency exchanges. During the last week, Avalanche has traded up 9.6% against the U.S. dollar. Avalanche has a market capitalization of $7.84 billion and $290.77 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Hedera (HBAR) traded 2.7% lower against the dollar and now trades at $0.19 or 0.00000226 BTC.
• NEAR Protocol (NEAR) traded down 1.3% against the dollar and now trades at $2.54 or 0.00003069 BTC.
• Internet Computer (ICP) traded 0.6% lower against the dollar and now trades at $5.74 or 0.00006944 BTC.
• Cronos (CRO) traded 9.5% lower against the dollar and now trades at $0.0796 or 0.00000096 BTC.
• Cosmos (ATOM) traded 2.7% higher against the dollar and now trades at $4.74 or 0.00005731 BTC.
• Algorand (ALGO) traded 3.3% lower against the dollar and now trades at $0.19 or 0.00000225 BTC.
• Fetch.ai (FET) traded 2.5% lower against the dollar and now trades at $0.51 or 0.00000611 BTC.
• Kava (KAVA) traded 1.3% lower against the dollar and now trades at $0.49 or 0.00000597 BTC.
• Akash Network (AKT) traded 5.9% lower against the dollar and now trades at $1.26 or 0.00001520 BTC.
• Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.0380 or 0.00000046 BTC.

Avalanche Coin Profile

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 451,112,723 coins and its circulating supply is 414,443,223 coins. The official website for Avalanche 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. 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.”

Buying and Selling Avalanche

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

AVAX/USD price chart by TradingView