Avalanche (AVAX) price has increased today.
The price of Avalanche (AVAX) is $8.93 today with a 24-hour trading volume of $69,716,798.24. This represents a 0.00% price increase in the last 24 hours and a -3.30% price decline in the past 7 days. With a circulating supply of 350 Million AVAX, Avalanche is valued at a market cap of $3,160,988,915.
What is Avalanche?
Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.
Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe and Benqi. While popular games on Avalanche includes Crabada.
What is the Avalanche (AVAX) Token?
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
To learn more about Avalanche, you may:
• Watch a video on Avalanche (and popular projects on its network).
• Learn how to start yield farming on Avalanche.
Where can you buy the Avalanche Token (AVAX)?
Where can you buy Avalanche?
AVAX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Avalanche is BingX, where the most active trading pair AVAX/USDT has a trading volume of $392,159.62 in the last 24 hours. Other popular options include DigiFinex and Gate.io.
What is the daily trading volume of Avalanche (AVAX)?
The trading volume of Avalanche (AVAX) is $69,884,437.48 in the last 24 hours, representing a -14.70% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Avalanche (AVAX)?
The highest price paid for Avalanche (AVAX) is $144.96, which was recorded on Nov 21, 2021 (almost 2 years). Comparatively, the current price is -93.80% lower than the all-time high price.
What is the all-time low for Avalanche (AVAX)?
The lowest price paid for Avalanche (AVAX) is $2.80, which was recorded on Dec 31, 2020 (over 2 years). Comparatively, the current price is 218.70% higher than the all-time low price.
What is the market cap of Avalanche (AVAX)?
Market capitalization of Avalanche (AVAX) is $3,160,988,915 and is ranked #24 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AVAX tokens (350 Million tokens are tradable on the market today).
What is the fully diluted valuation of Avalanche (AVAX)?
The fully diluted valuation (FDV) of Avalanche (AVAX) is $6,428,140,901. This is a statistical representation of the maximum market cap, assuming the maximum number of 720 Million AVAX tokens are in circulation today. Depending on how the emission schedule of AVAX tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Avalanche compare against its peers?
With a price decline of -3.30% in the last 7 days, Avalanche (AVAX) is underperforming the global cryptocurrency market which is up 0.10%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are up 0.20%.
What is the market sentiment of Avalanche today?
The community is bullish as more than 70% of users are feeling good about Avalanche (AVAX) today.