Avalanche Market Capitalization Tops $5.89 Billion (AVAX)

Avalanche (AVAX) traded down 3.4% against the dollar during the 1-day period ending at 10:00 AM Eastern on January 16th. In the last week, Avalanche has traded down 0.8% against the dollar. Avalanche has a total market capitalization of $5.89 billion and approximately $307.52 million worth of Avalanche was traded on exchanges in the last day. One Avalanche coin can now be purchased for approximately $13.68 or 0.00014409 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded 0.2% lower against the dollar and now trades at $0.10 or 0.00000107 BTC.
• Hedera (HBAR) traded 3.7% lower against the dollar and now trades at $0.12 or 0.00000122 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $4.25 or 0.00004473 BTC.
• NEAR Protocol (NEAR) traded 3.4% lower against the dollar and now trades at $1.71 or 0.00001798 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $2.48 or 0.00002610 BTC.
• Algorand (ALGO) traded down 4.5% against the dollar and now trades at $0.13 or 0.00000133 BTC.
• Fetch.ai (FET) traded down 1.5% against the dollar and now trades at $0.28 or 0.00000292 BTC.
• Theta Fuel (TFUEL) traded down 0.9% against the dollar and now trades at $0.0195 or 0.00000021 BTC.
• PayProtocol Paycoin (PCI) traded 0.5% lower against the dollar and now trades at $0.0712 or 0.00000075 BTC.
• Akash Network (AKT) traded down 1.7% against the dollar and now trades at $0.47 or 0.00000495 BTC.

About Avalanche

AVAX uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 462,442,855 coins and its circulating supply is 430,773,762 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. The official message board for Avalanche 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 currently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView