Avalanche Achieves Market Cap of $5.18 Billion (AVAX)

Avalanche (AVAX) traded 1.4% lower against the U.S. dollar during the 24-hour period ending at 10:00 AM E.T. on December 19th. In the last week, Avalanche has traded down 11.4% against the U.S. dollar. One Avalanche coin can currently be bought for approximately $12.05 or 0.00013703 BTC on popular cryptocurrency exchanges. Avalanche has a total market capitalization of $5.18 billion and $518.41 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0919 or 0.00000105 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $1.50 or 0.00001705 BTC.
• Internet Computer (ICP) traded 3.8% lower against the dollar and now trades at $2.90 or 0.00003295 BTC.
• Algorand (ALGO) traded down 0.7% against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Cosmos (ATOM) traded 2.7% lower against the dollar and now trades at $1.90 or 0.00002157 BTC.
• Fetch.ai (FET) traded 1.7% lower against the dollar and now trades at $0.21 or 0.00000235 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 1% higher against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded 1.2% lower against the dollar and now trades at $0.37 or 0.00000418 BTC.

Avalanche Profile

Avalanche uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 461,181,609 coins and its circulating supply is 429,512,509 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. 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 is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet).In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks.AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders.On September 2020, Avalanche announced the launch of its mainnnet.”

Avalanche Coin Trading

It is usually not 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView