Avalanche Hits Market Cap of $3.97 Billion (AVAX)

Avalanche (AVAX) traded 2.8% higher against the U.S. dollar during the twenty-four hour period ending at 11:00 AM Eastern on February 13th. One Avalanche coin can currently be purchased for approximately $9.18 or 0.00013316 BTC on major cryptocurrency exchanges. In the last seven days, Avalanche has traded 2.6% higher against the U.S. dollar. Avalanche has a market capitalization of $3.97 billion and approximately $263.05 million worth of Avalanche was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.0778 or 0.00000113 BTC.
• Hedera (HBAR) traded 0.5% higher against the dollar and now trades at $0.0957 or 0.00000139 BTC.
• Internet Computer (ICP) traded 3% lower against the dollar and now trades at $2.38 or 0.00003449 BTC.
• NEAR Protocol (NEAR) traded up 5.1% against the dollar and now trades at $1.02 or 0.00001478 BTC.
• Cosmos (ATOM) traded 4.1% higher against the dollar and now trades at $2.06 or 0.00002991 BTC.
• Algorand (ALGO) traded up 2.3% against the dollar and now trades at $0.0941 or 0.00000136 BTC.
• Fetch.ai (FET) traded up 3.8% against the dollar and now trades at $0.17 or 0.00000241 BTC.
• PayProtocol Paycoin (PCI) traded 0.2% lower against the dollar and now trades at $0.0603 or 0.00000090 BTC.
• Theta Fuel (TFUEL) traded 1.6% higher against the dollar and now trades at $0.0150 or 0.00000022 BTC.
• Akash Network (AKT) traded up 4.6% against the dollar and now trades at $0.33 or 0.00000486 BTC.

About Avalanche

Avalanche (AVAX) uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 463,441,061 coins and its circulating supply is 431,771,961 coins. The official message board for Avalanche is medium.com/avalancheavax. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView