Avalanche (AVAX) Market Cap Tops $10.48 Billion

Avalanche (AVAX) traded down 1.5% against the U.S. dollar during the 1-day period ending at 9:00 AM ET on October 31st. One Avalanche coin can currently be bought for approximately $25.74 or 0.00035645 BTC on major cryptocurrency exchanges. During the last seven days, Avalanche has traded down 3.2% against the U.S. dollar. Avalanche has a total market capitalization of $10.48 billion and approximately $172.03 million worth of Avalanche was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• NEAR Protocol (NEAR) traded down 2% against the dollar and now trades at $4.20 or 0.00005817 BTC.
• Internet Computer (ICP) traded down 0.9% against the dollar and now trades at $7.93 or 0.00010985 BTC.
• Fetch.ai (FET) traded up 1.9% against the dollar and now trades at $1.31 or 0.00001813 BTC.
• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0743 or 0.00000103 BTC.
• Hedera (HBAR) traded down 2.9% against the dollar and now trades at $0.0472 or 0.00000065 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $4.35 or 0.00006019 BTC.
• Algorand (ALGO) traded down 2.7% against the dollar and now trades at $0.12 or 0.00000162 BTC.
• Akash Network (AKT) traded 3.1% lower against the dollar and now trades at $2.43 or 0.00003364 BTC.
• Theta Fuel (TFUEL) traded 1.4% lower against the dollar and now trades at $0.0540 or 0.00000075 BTC.
• Kava (KAVA) traded 4.2% lower against the dollar and now trades at $0.34 or 0.00000465 BTC.

About Avalanche

AVAX uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,105,065 coins and its circulating supply is 407,101,965 coins. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official message board is medium.com/avalancheavax. 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 possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView