Avalanche (AVAX) Market Cap Achieves $11.16 Billion

Avalanche (AVAX) traded up 3.4% against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on July 16th. One Avalanche coin can now be bought for approximately $28.30 or 0.00043667 BTC on popular cryptocurrency exchanges. Over the last seven days, Avalanche has traded up 7.7% against the U.S. dollar. Avalanche has a total market capitalization of $11.16 billion and approximately $496.19 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded 6.9% higher against the dollar and now trades at $6.19 or 0.00009554 BTC.
• Internet Computer (ICP) traded up 2.4% against the dollar and now trades at $9.77 or 0.00015081 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0766 or 0.00000118 BTC.
• Cosmos (ATOM) traded 3.9% higher against the dollar and now trades at $6.64 or 0.00010243 BTC.
• Cronos (CRO) traded down 0.5% against the dollar and now trades at $0.0945 or 0.00000146 BTC.
• Fetch.ai (FET) traded up 3.1% against the dollar and now trades at $1.43 or 0.00002213 BTC.
• Algorand (ALGO) traded up 2.2% against the dollar and now trades at $0.16 or 0.00000246 BTC.
• Akash Network (AKT) traded up 3.9% against the dollar and now trades at $3.76 or 0.00005811 BTC.
• Theta Fuel (TFUEL) traded 0.8% higher against the dollar and now trades at $0.0724 or 0.00000112 BTC.
• Kava (KAVA) traded 2.9% higher against the dollar and now trades at $0.42 or 0.00000651 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 443,861,985 coins and its circulating supply is 394,515,615 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView