Avalanche (AVAX) Price Tops $12.17

Avalanche (AVAX) traded 4.8% higher against the dollar during the 24 hour period ending at 10:00 AM E.T. on January 28th. One Avalanche coin can currently be purchased for $12.17 or 0.00013521 BTC on popular cryptocurrency exchanges. Avalanche has a market capitalization of $5.25 billion and $315.56 million worth of Avalanche was traded on exchanges in the last 24 hours. During the last week, Avalanche has traded 0.9% higher against the dollar.

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

• Cronos (CRO) traded 1.7% higher against the dollar and now trades at $0.0918 or 0.00000102 BTC.
• Hedera (HBAR) traded up 2.8% against the dollar and now trades at $0.11 or 0.00000120 BTC.
• NEAR Protocol (NEAR) traded up 2.3% against the dollar and now trades at $1.48 or 0.00001646 BTC.
• Internet Computer (ICP) traded 0.5% higher against the dollar and now trades at $3.25 or 0.00003608 BTC.
• Cosmos (ATOM) traded 3% higher against the dollar and now trades at $2.28 or 0.00002536 BTC.
• Algorand (ALGO) traded up 2.2% against the dollar and now trades at $0.12 or 0.00000135 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $0.23 or 0.00000254 BTC.
• PayProtocol Paycoin (PCI) traded 3.8% lower against the dollar and now trades at $0.0693 or 0.00000077 BTC.
• Akash Network (AKT) traded down 1.5% against the dollar and now trades at $0.46 or 0.00000507 BTC.
• Theta Fuel (TFUEL) traded 1.9% higher against the dollar and now trades at $0.0180 or 0.00000020 BTC.

Avalanche Coin Profile

Avalanche uses the hashing algorithm. Its launch date was September 21st, 2020. Avalanche’s total supply is 462,972,420 coins and its circulating supply is 431,303,320 coins. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. 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.

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 currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView