Avalanche Market Capitalization Achieves $10.57 Billion (AVAX)

Avalanche (AVAX) traded down 6.9% against the U.S. dollar during the one day period ending at 18:00 PM E.T. on October 1st. One Avalanche coin can now be bought for about $26.02 or 0.00042769 BTC on exchanges. In the last week, Avalanche has traded 6.8% lower against the U.S. dollar. Avalanche has a market cap of $10.57 billion and $597.12 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• NEAR Protocol (NEAR) traded down 9.2% against the dollar and now trades at $4.83 or 0.00007944 BTC.
• Internet Computer (ICP) traded down 8.3% against the dollar and now trades at $8.31 or 0.00013654 BTC.
• Cronos (CRO) traded down 5.9% against the dollar and now trades at $0.0793 or 0.00000130 BTC.
• Hedera (HBAR) traded down 9.4% against the dollar and now trades at $0.0529 or 0.00000087 BTC.
• Cosmos (ATOM) traded 7.2% lower against the dollar and now trades at $4.44 or 0.00007293 BTC.
• Fetch.ai (FET) traded down 4.5% against the dollar and now trades at $1.48 or 0.00002435 BTC.
• Algorand (ALGO) traded down 8.1% against the dollar and now trades at $0.12 or 0.00000205 BTC.
• Akash Network (AKT) traded 5.6% lower against the dollar and now trades at $2.62 or 0.00004297 BTC.
• Theta Fuel (TFUEL) traded 8.6% lower against the dollar and now trades at $0.0613 or 0.00000101 BTC.
• Kava (KAVA) traded down 8.6% against the dollar and now trades at $0.33 or 0.00000549 BTC.

Avalanche Coin Profile

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 446,351,624 coins and its circulating supply is 406,348,524 coins. 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 website is avax.network. 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 U.S. dollars. Investors seeking to acquire Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in U.S. 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