Avalanche Market Cap Reaches $14.56 Billion (AVAX)

Avalanche (AVAX) traded down 2.4% against the US dollar during the 1 day period ending at 11:00 AM E.T. on November 18th. Avalanche has a market capitalization of $14.56 billion and $836.13 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can now be bought for approximately $35.60 or 0.00038542 BTC on major exchanges. In the last week, Avalanche has traded 9.5% higher against the US dollar.

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

• NEAR Protocol (NEAR) traded up 1.4% against the dollar and now trades at $6.00 or 0.00006500 BTC.
• Hedera (HBAR) traded 46.2% higher against the dollar and now trades at $0.13 or 0.00000139 BTC.
• Cronos (CRO) traded 10.6% higher against the dollar and now trades at $0.18 or 0.00000191 BTC.
• Internet Computer (ICP) traded up 0% against the dollar and now trades at $9.37 or 0.00010142 BTC.
• Fetch.ai (FET) traded 2.5% higher against the dollar and now trades at $1.32 or 0.00001426 BTC.
• Cosmos (ATOM) traded up 8.1% against the dollar and now trades at $6.26 or 0.00006775 BTC.
• Algorand (ALGO) traded 14.3% higher against the dollar and now trades at $0.21 or 0.00000233 BTC.
• Akash Network (AKT) traded up 14.8% against the dollar and now trades at $3.79 or 0.00004188 BTC.
• Kava (KAVA) traded up 3.5% against the dollar and now trades at $0.47 or 0.00000511 BTC.
• Theta Fuel (TFUEL) traded 8.5% higher against the dollar and now trades at $0.0720 or 0.00000078 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 447,366,147 coins and its circulating supply is 409,029,847 coins. The official website for Avalanche is avax.network. Avalanche’s official message board is medium.com/avalancheavax. 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.

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.”

Avalanche Coin Trading

It is usually not currently 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 GDAX, Gemini or Changelly. 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