Avalanche Price Reaches $12.89 (AVAX)

Avalanche (AVAX) traded 0.7% higher against the U.S. dollar during the one day period ending at 17:00 PM E.T. on November 24th. During the last week, Avalanche has traded 0.7% lower against the U.S. dollar. Avalanche has a market cap of $3.88 billion and $162.57 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for approximately $12.89 or 0.00077784 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • Cosmos (ATOM) traded 2.7% higher against the dollar and now trades at $10.05 or 0.00060652 BTC.
  • Algorand (ALGO) traded 1.3% lower against the dollar and now trades at $0.24 or 0.00001454 BTC.
  • Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000393 BTC.
  • NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $1.64 or 0.00009918 BTC.
  • Internet Computer (ICP) traded down 1% against the dollar and now trades at $3.87 or 0.00023335 BTC.
  • Hedera (HBAR) traded up 2.2% against the dollar and now trades at $0.0493 or 0.00000297 BTC.
  • PayProtocol Paycoin (PCI) traded 1.2% lower against the dollar and now trades at $0.23 or 0.00001416 BTC.
  • Kava (KAVA) traded 1.2% higher against the dollar and now trades at $0.92 or 0.00005543 BTC.
  • Theta Fuel (TFUEL) traded 5.6% higher against the dollar and now trades at $0.0478 or 0.00000288 BTC.
  • TerraClassicUSD (USTC) traded up 0.5% against the dollar and now trades at $0.0209 or 0.00000126 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 404,229,626 coins and its circulating supply is 300,684,058 coins. The official website for Avalanche is avax.network. The official message board for Avalanche 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. Avalanche’s official Twitter account is @avalancheavax and its Facebook page is accessible 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 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 exchanges listed above.

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