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Avalanche price, market cap on Coin360 heatmap


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0.00061846 BTC
Market Cap (Rank#17)
201,457 BTC
Vol 24h
2,437 BTC
Circulating Supply
Max Supply
3 days ago nulltx
Analysts Bullish on Avalanche (AVAX), Ethereum (ETH), and Orbeon Protocol (ORBN) as the Future of Cryptocurrency
As cryptocurrencies continue to reshape the global financial landscape, analysts have identified Avalanche (AVAX), Ethereum (ETH), and Orbeon Protocol (ORBN) as the standout performers in the digital asset market. With their advanced blockchain technology, secure consensus protocols, and robust ecosystems, these cryptocurrencies are seen as key players in the future of cryptocurrency. Of particular interest […]
7 days ago nulltx
Spring 2023: TMS Network (TMSN), Solana (SOL), and Avalanche (AVAX) See Surge in Demand
2022 was a hard year for crypto enthusiasts, but thankfully, 2023 has been shaping up well so far. Market sentiment has been steadily growing throughout the winter, and this is seeing tokens such as TMS Network (TMSN), Solana (SOL), and Avalanche (AVAX) surge in demand. Whilst the crypto market is overall bullish, these three tokens […]
7 days ago nulltx
Avalanche Price Analysis & Prediction (Mar 16th) – AVAX Drops 8% to Support but Bulls Hope to Step Back
Avalanche’s price decreases significantly in the past hours after retesting last month’s support area as resistance on Tuesday. It encountered a rejection there and rolled over with an 8% loss. The tussle for dominance between the bulls and bears has caused a quick swing of high and low since the start of the week. Their […]
10 days ago cryptodaily
5 Undervealued Cryptos with High Potential in 2023
2023 is heating up to be a thrilling year for the crypto industry, with a large number of new projects entering the market and a surge of interest in blockchain technology. For investors and traders looking to increase their portfolios, several cryptocurrencies have a high potential for growth and success in the coming year. Here, we will look closely at five projects offering a unique set of benefits and features worth watching: DigiToads, Polkadot, Avalanche, Binance Coin, and Ethereum. DigiToads (TOADS) This exciting new project is focused on creating a web3 game based on a toad-themed meme coin. Players can acquire one-of-a-kind DigiToads by buying, trading, or winning them. There will be several incentives and rewards in place to motivate community engagement. With its innovative approach to gamification and a commitment to supporting real-world environmental causes, DigiToads is one to keep an eye on. USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT PURCHASE Buy DigiToads Now Polkadot (DOT) Polkadot is a multi-chain platform that allows developers to build interoperable decentralized applications across multiple blockchains. The platform is designed to provide a flexible and scalable infrastructure to support many use cases. Its unique approach has already attracted a growing community of developers and users. With its strong focus on innovation and community-driven development, Polkadot is well-positioned to be one of the most promising projects of 2023. Avalanche (AVAX) Avalanche is a platform that provides a secure and scalable infrastructure for creating and managing decentralized finance (DeFi) applications. With its focus on fast and efficient transactions, Avalanche is ideal for use in decentralized exchanges, lending platforms, and other DeFi applications that require high levels of security and performance. With its innovative approach to DeFi and strong industry partnerships, Avalanche is poised to be a major player in 2023. Binance Coin (BNB) BNB is the governance cryptocurrency of the Binance exchange, one of the world's largest and most popular cryptocurrency exchanges. The Binance platform provides a wide range of services, including trading, lending, and staking, and Binance Coin is used as the underlying currency for these services. With its strong track record of growth and close ties to the Binance exchange, Binance Coin is a solid choice for investors seeking to increase their exposure to the crypto market. Ethereum (ETH) Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for decentralized applications. With its powerful smart contract functionality and its large and growing community of developers and users, Ethereum is a strong choice for those looking to invest in the future of decentralized computing. With the upcoming launch of Ethereum 2.0, which promises to bring significant improvements to the platform, Ethereum is poised to be one of the most promising projects of 2023. Final Thoughts Each of these five cryptocurrencies has the potential to be a standout project in 2023, with unique features, innovative approaches, and a solid commitment to growth and success. For those seeking newly spawned crypto gems, DigiToads is the opportunity to grab. The project has just opened its presale, and with prices increasing at each stage, it's a lifetime chance to secure massive gains once the project launches. For More Information on DigiToads visit The Website Here Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days ago nulltx
US Treasury Taxing Crypto. What Does This Mean for TMS Network (TMSN), Litecoin (LTC), and Avalanche (AVAX) Token Holders?
The U.S. Treasury Department has proposed an excise tax of 30% on the cost of powering crypto mining facilities. The tax is set to be imposed on companies such as Litecoin (LTC), Avalanche (AVAX), and TMS Network (TMSN) that use computing resources to mine cryptocurrencies in an attempt to lower the overall number of mining […]
14 days ago cryptodaily
The Crypto Market Is Bouncing Back With Bitcoin (BTC) and Avalanche (AVAX), Orbeon Protocol (ORBN) Hits New Highs
The crypto market is looking bullish once again, with several projects on the rise. After a turbulent month, Bitcoin (BTC) is up to $22k, Avalanche (AVAX) is up $7 from the start of the year and Orbeon Protocol (ORBN) has just hit a new high with a price of $0.0835 in phase 9 of its presale. Here&rsquo;s why each is expected to surge in March. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Pioneers Market Growth Despite being a new project, Orbeon Protocol (ORBN) is leading the market when it comes to returns. The exciting new project brings revolutionary DeFi technology to the crowdfunding market, and has already surged by 1988% in price. With Orbeon Protocol (ORBN), vetted startups can raise money by selling NFTs on the Orbeon swap. Each NFT they sell will represent a share (or multiple) in their business. This diversifies the funding process and prevents startups from giving too much equity to a single stakeholder. Additionally, startups can also build a relationship with their community in the process. Aside from its launchpad, Orbeon Protocol (ORBN) will also showcase a decentralized Orbeon wallet for NFTs and cryptocurrencies, an NFT swap, crypto exchange and a metaverse. Orbeon Protocol (ORBN) will use ORBN tokens for each of these features, with token holders earning rewards throughout the Orbeon Protocol (ORBN) platform. Orbeon Protocol (ORBN) has been successfully audited by Solid Proof and the Orbeon Protocol (ORBN) team has been verified by Coinsult to prevent any risk of a rug pull. Orbeon Protocol (ORBN) tokens can currently be purchased for $0.0835 during stage nine of the project's presale. Analysts predict that the value of Orbeon Protocol (ORBN) could hit highs of $0.24 before its presale ends, offering a return of over 6000% for early investors. Find Out More About The Orbeon Protocol Presale Website: Presale: Disclaimer:Thisisasponsoredpressreleaseandisforinformationalpurposesonly.Itdoesnotreflecttheviewsof CryptoDaily,norisitintendedtobeusedaslegal,tax,investment,or financial advice.
18 days ago cryptodaily
Will 2023 Be the Year of EOS?
The EOS blockchain is opening up to the world. That is the clear message from Yves La Rose, Co-founder and CEO of the EOS Network Foundation (ENF), the nonprofit organization that has taken over the network&rsquo;s management since its messy divorce from The momentum EOS has spent the past few months building has been hard to ignore. Among the many positive developments was the launch of a $100m ecosystem fund dedicated to onboarding web3 builders and entrepreneurs. The platform also rolled out support for Tether (USDT), unveiled a slew of DeFi projects (Yield+, Recover+), and teased the upcoming launch of the most powerful EVM on the market. Perhaps unsurprisingly, La Rose was also included on CoinTelegraph&rsquo;s 2023 rundown Top 100 influencers in crypto and blockchain, coming in at #46. The question is, will the EOS Network Foundation&rsquo;s recent power plays see the smart contract platform realize its considerable potential in the months ahead? EOS: A New Beginning What a difference 12 months makes. The early days of 2022 were a dark time for EOS, with La Rose admitting the project was on life support. In the ENF&rsquo;s Q4 report, the EOS O.G. elaborated, noting that the Foundation&rsquo;s core team consisted of just three people &ldquo;who believed in the possibility for EOS to emerge from the chaos of neglect and uncertainty that had been holding it back.&rdquo; That team has grown considerably since, with over forty members now serving the community. Everyone loves a comeback story, and the blockchain platform at the center of the biggest ICO in history finally seems poised to make an impression, having basically missed out on DeFi&rsquo;s first bull run. Bringing the Ethereum Virtual Machine to the EOS network has long been a goal of the blockchain&rsquo;s brain trust, as it will allow developers to use familiar tools and code, meaning the brightest and best will be incentivized to work on building out its dApp ecosystem. For a while it seemed like a pipe dream, though La Rose recently earmarked April 14 for the launch date of the long-awaited EOS EVM. &ldquo;Combining the performance of EOS with the familiarity of Ethereum, Solidity developers are in for a treat,&rdquo; he enthused, adding, &ldquo;At 800+ swaps per second, EOS EVM will be by far the fastest EVM, benchmarked 3x faster than Solana + BNB and 25x faster than Avax.&rdquo; Time to Build EOS may have watched the DeFi parade go by over the past few years, but the arrival of EOS EVM signifies that it&rsquo;s ready to make up for lost time and become a best-in-class Web3 smart contract platform. The kind genuinely capable of living up to a term frequently bandied about in crypto circles: &ldquo;Ethereum killer.&rdquo; To be fair, EOS was already a highly performant blockchain: its codebase powers the world&rsquo;s most active blockchain, WAX, and it can handle over 100 million daily transactions. EVM takes things to a new level entirely though, combining the reliability and security of Ethereum with the speed and scalability of EOS. With the arrival of EOS EVM, the ENF team is also adding fresh utility to its native EOS token, in a move that echoes the EIP-1559 of Ethereum, whose burning mechanism to reduce supply created some valuable deflationary pressure. One major change is that $EOS will serve as gas, with previously announced plans for an $EVM token economy (&lsquo;Trust EVM&rsquo;) shelved. Interestingly, the EOS token pumped by 10% after La Rose announced the date for the EVM launch. With a grant program to help developers build on its EVM, and a Web3 war chest for promising projects, there&rsquo;s an undeniable feel-good factor to EOS right now. Solidity developers will certainly appreciate the ability to bring their open-source code, libraries, SDKs, and tooling (Hardhat, Truffle) to the network, not to mention the ability to quickly deploy dApps. And there&rsquo;s another point worth noting: while the dApp landscape of Ethereum and others is crowded, EOS is not. This fact could compel developers wishing to corner a certain market (NFTs, metaverse, etc) to set up shop in EOS&rsquo; box-fresh dApp playground. At the moment, EOS sits just outside the Top 20 blockchains for Total Value Locked (TVL). It&rsquo;s not a bad place to be, all things considered. If the ENF have their way, 2023 will be the year it starts to steadily climb that table as its ecosystem matures. Exciting times. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
36 days ago nulltx
Avalanche (AVAX) Sees Price Pump While Orbeon Protocol (ORBN) Rallies 1675% During Presale
The crypto market has lately been quite active with established tokens such as Avalanche (AVAX) seeing a price pump and newcomers like Orbeon Protocol (ORBN) rallying in presale. Avalanche (AVAX) has started the year with a price surge of 93.51% while Orbeon Protocol (ORBN) is experiencing a 1675% gain in the ongoing phase 7 of […]
42 days ago cointelegraph
Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
The SEC’s crackdown on Kraken has sent a shockwave through the crypto sector. Is this week’s correction a buy the dip opportunity or a sign of worse things to come?
44 days ago cointelegraph
Price analysis 2/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.
45 days ago cointelegraph
Avalanche (AVAX) price is up, but do fundamentals support the rally?
AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum.
49 days ago cointelegraph
Price analysis 2/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Strong U.S. jobs data for January could not pull Bitcoin and select altcoins lower, indicating a strong bullish undercurrent.
50 days ago coindesk
Crypto Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star
Uniswap's UNI token and Avalanche's AVAX token were recently up about 4.5% and over 3%; ether rose 3% at one point Thursday following unexpectedly moderate comments from Fed Chair Jerome Powell.
50 days ago cointelegraph
Avalanche 'bull trap' risks pushing AVAX price down by 30% in February
The price of AVAX has more than doubled in 2023 but a growing divergence between several key metrics hints at a bearish reversal ahead.
50 days ago cryptodaily
Tokenomics vs The Token Economy: What’s The Difference?
The word &ldquo;tokenomics&rdquo; and the phrase &ldquo;token economy&rdquo; are very often used interchangeably when people are talking about the world of crypto and digital assets. Yet the two terms actually represent different concepts, and it&rsquo;s important for anyone seriously considering investing in a crypto ecosystem to understand exactly what they mean. So let&rsquo;s dive straight in and see what they are! What Is Tokenomics? Tokenomics is a portmanteau of the words &ldquo;token economics&rdquo; and it can be thought of as the rules that govern the issuance and supply of a specific cryptocurrency or digital token. The thing to understand about cryptocurrencies is that, while they can have a maximum supply or be unlimited, their distribution schedule is hard-coded into the blockchain that underlies them. In addition, some digital assets also have coded mechanisms that allow for the removal of tokens from circulation by being &ldquo;burned&rdquo;, in order to reduce the circulating supply. These rules, which can only be changed if there is a community consensus, are what determine an asset&rsquo;s tokenomics. Using tokenomics, it&rsquo;s possible to predict with a high degree of accuracy how many coins will exist by a certain date, and also determine which group of users are likely to own the most tokens. To understand how tokenomics works, we can use Polkadot as an example. The initial distribution of its DOT tokens saw 30% allocated to the Web3 Foundation, which develops the blockchain. It also saw 3.42% allocated to private sale investors, 5% allocated to SAFT investors, 50% allocated to auction investors, and 11.5% set aside for future sales. Polkadot&rsquo;s launch began in May 2020 with its Relay Chain Genesis Block, when the first swathe of tokens were distributed to the Web3 Foundation and offered for sale. Unlike many blockchains, there is no capped maximum supply of DOT, with new tokens issued as rewards via the protocol&rsquo;s staking mechanism. However, it&rsquo;s possible to map the supply schedule of DOT, as shown in the image below. We can see that the supply of DOT is expected to reach around 1.5 billion in 2025. What Is The Role Of Tokens? Crypto tokens serve different purposes in different projects. Bitcoin, for instance, is simply used as a digital currency and a store of value, often referred to as a kind of &ldquo;digital gold&rdquo;. However, other tokens have greater utility than simply representing value, enabling holders to access products and services based on the underlying blockchain, rewarding users for taking certain actions, and being used for governance rights. Bitcoin and other digital currencies, such as Litecoin, are more often than not known as &ldquo;coins&rdquo;, whereas assets like Ethereum, which provide additional utility, are more correctly described as &ldquo;tokens&rdquo;. Tokens are an essential ingredient in the tokenomics of a specific blockchain project or application. They often represent ownership of a project, hence the distribution of tokens between its founding team and investors is often specified in its whitepaper. Token sales are used by projects as a way of raising capital when they first launch. New tokens will be issued on the blockchain, as per the tokenomics described in the project&rsquo;s whitepaper. Additionally, tokens often play a role in a project&rsquo;s governance, with each community member&rsquo;s voting power determined by the number of tokens they hold. When new crypto projects launch, it&rsquo;s usually the founding teams that make the decisions, before evolving to a community governance model once the project has become more established. From then on, the community gets to vote on the implementation of new features. Tokenomics vs Other Economic Models Tokenomics refers to an economic model that&rsquo;s designed specifically to support a decentralized blockchain network or decentralized application. Meanwhile, traditional economics is based more on the prediction of specific events or human behavior. Within traditional economies, a centralized institution such as a central bank will control the supply of money, and is free to issue new currency whenever it sees fit. Meanwhile in tokenomics, the supply is controlled by hard-coded algorithms and cannot be altered unless a majority of the project&rsquo;s community agrees, and votes to do so. What Is The Token Economy? Now that we understand what tokenomics is, let&rsquo;s take a look at the token economy, which regards how tokenomics are applied within a much wider digital ecosystem. To understand the token economy, we can look at another example. By far the biggest token economy at present is Ethereum, a decentralized, open-source blockchain with smart contract functionality that serves as the foundation of a growing ecosystem of dApps and decentralized autonomous organizations. Ethereum&rsquo;s native token ETH is currently the second most valuable cryptocurrency by market capitalization, presently worth around $201.5 billion, but in fact the total value of its ecosystem is far larger than that. This is because, unlike Bitcoin, Ethereum is not just a digital currency, but rather a decentralized computing platform where developers can build all manner of dApps, including digital art in the form of NFTs, stablecoins such as Tether and USD Coin and DeFi apps such as Uniswap and Compound. Here&rsquo;s a quick view of the top tokens that make up Ethereum&rsquo;s ecosystem: As we can see, ETH is merely the most visible part of the wider Ethereum token economy. So we can picture Ethereum as an iceberg, in which ETH is merely the chunk of ice that can be seen floating above the waves. Meanwhile, the various dApps and projects that build on Ethereum operate their own utility tokens, and these are the ones that are just below the waterline, making up the bulk of its token economy. Within Ethereum&rsquo;s, or any other blockchain&rsquo;s token economy, there are two kinds of tokens. First there is the Layer-1 token, which in Ethereum&rsquo;s case is ETH. Other examples of Layer-1 tokens include BNB on Binance Chain, DOT on Polkadot and AVAX on the Avalanche blockchain. Then we have the Layer-2 tokens, which are the utility tokens of the dApps built atop of a blockchain. Examples include the aforementioned stablecoins USDT and USDC, and the tokens of DeFi projects such as Compound (COMP) and Lido DAO (LDO). The collective value of Ethereum&rsquo;s token economy, which encompasses the market cap of all tokens minted on its blockchain, was worth $506.8 billion at the time of writing - making it far greater than the value of ETH alone. Alternative Token Economies Ethereum is not the only token economy in existence. Since its inception in 2015, a number of rival blockchains have emerged, claiming to be faster and more scalable, and their improved transaction speeds, lower costs and higher throughput have attracted a great deal of developers. As a result, projects like Avalanche have established thriving token economies of their own. What&rsquo;s curious about Avalanche is that its native asset, AVAX, is not even the most valuable token within its ecosystem. In fact, there are four well-known stablecoins that all have a significantly higher market cap than AVAX at present: A recent trend that has emerged in the crypto industry is the rise of more specialized networks that have been specifically designed to support the establishment of token economies. An example of this is Unit Network, which has created a token economy infrastructure for the creation and management of DAOs, or decentralized autonomous organizations. With Unit&rsquo;s infrastructure, anyone in the world can set up their own cryptocurrency, complete with its own tokenomics structure. Unit Network is particularly interested in helping businesses, industries and cities to create their own digital tokens, with its primary goal being to solve wealth inequality by creating token economies that transform the role of money in society, similar to how the internet transformed the way information is communicated across the world. The primary Layer-1 token within Unit Network&rsquo;s token economy is its native asset UNIT, but its infrastructure supports the creation of a range of tokens, including so-called &ldquo;City tokens&rdquo; that aim to power decentralized economies within their communities. To date, it has created more than 30 city tokens, including AMSTERDAM, LOSANGELES, PARIS and SANFRANCISCO. Unit&rsquo;s protocol also supports &ldquo;Industry tokens&rdquo; such as ART, BIKE, BOAT and CAR. Each individual City and Industry token has its own, distinct tokenomics and is governed by an open DAO that consists of individuals, businesses and communities within a specific city or industry. The individual tokens are a digital currency that&rsquo;s backed by crypto assets such as BTC, ETH and UNIT. They can be used to buy products and services from participating businesses via City or Industry token community stores, and to transfer payments between users. As well as its City and Industry tokens, Unit Network&rsquo;s token economy supports 22 different stablecoins that aim to increase its platform utility. USDU, which is pegged to the U.S. dollar, serves as the primary utility and exchange pairing token with the Unit token economy. Other stablecoins include EURU (pegged to the euro), and BTCU, ETHU and DOTU (pegged to BTC, ETH and DOT, respectively). Bottom Line Understanding the tokenomics of any digital asset is an absolute must for anyone who&rsquo;s considering investing in a crypto project. The tokenomics of a digital asset can help users to understand the mechanics of how a particular dApp&rsquo;s economy works, as well as its supply and distribution, thus gaining insights into its true value. Token economies meanwhile refer to the concept of a wider ecosystem made up of numerous projects and digital assets, each with their own tokenomics. The goal of such networks is to build up a thriving community of integrated projects that feed off of one another&rsquo;s success, helping the ecosystem to grow and become more valuable together. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
50 days ago coindesk
First Mover Americas: Network Update Lifts AVAX
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
51 day ago cointelegraph
Price analysis 2/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Crypto traders are waiting for the result of today's FOMC and it’s possible that the recent downside could reverse course if Powell’s statements hint at an improving U.S economy.
52 days ago nulltx
Avalanche Coin Price Analysis & Prediction (Jan 30th) – AVAX Continues to Face Critical Resistance After 11% Weekly Gains, Will it Break?
Avalanche builds up for a fresh explosion as it continues to gather volatility over the past few days. While facing a crucial resistance, the bullish rally remains intact as the rally pauses. So far, Avalanche has increased by over 60% since the beginning of the year, and it is likely to start a fresh increase […]
54 days ago cointelegraph
LTC, AVAX, APT and FTM prepare to rally as Bitcoin price targets $24K
Bitcoin bulls look to push BTC price to $24,000 and in doing so, LTC, AVAX, APT and FTM could extend their monthly gains.
56 days ago cointelegraph
Price analysis 1/27: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout.
58 days ago cointelegraph
Price analysis 1/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and the wider crypto market began to correct after the bullish momentum that drove last week’s rally to year-to-date highs started to fizzle out.
63 days ago cointelegraph
Price analysis 1/20: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher.
69 days ago cryptodaily
Large cap altcoins push crypto through the $1 trillion mark
Cryptocurrencies have run amuck over the last few days as Bitcoin has helped lead the sector out of the doldrums. An unexpected surge A huge pump to the upside has seen the total market cap of crypto push through the $1 trillion mark, a level not seen since early November of last year. At only $830 million on the first day of January, things had not been looking particularly rosy for the crypto asset class, but bitcoin was about to have other ideas and a slow incremental crawl upwards suddenly saw the king of the cryptos catch fire and surge upwards. Even though BTC dominance continued to climb over the last few days, various cryptocurrencies followed bitcoin&rsquo;s example in a big way. Probably one of the biggest turn-arounds among the large cap cryptos has been Solana. Solana When the FTX collapse happened things turned very bad for the Solana price, given that Sam Bankman-Fried and Alameda Research had been big supporters and holders of Solana and the $SOL token. At one point $SOL was under $8, and for some commentators, was heading for zero. However, such a supremely fast blockchain with such a large ecosystem was not going to keep on going down. In fact, the price has trebled since that time and has currently settled at around $23. A pullback is possibly on the cards next, and $14 might well be a good place to start accumulating again. Avalanche Avalanche is another of the large caps to make some great gains over the last couple of weeks. Although not in the same league as $SOL, $AVAX managed to increase by 75% over this period. Most of this increase would have no doubt been due to the AWS partnership. Ethereum Obviously, when large cap alts are mentioned Ethereum will always spring to mind. A more than 35% increase over the last 2 weeks is not to be sneered at, and if Ethereum&rsquo;s market cap is taken into account, the increase in value here is probably more than for any of the other large cap alts. In fact, it could be said that Ethereum is the main cryptocurrency leading the rest of the pack higher. The ETH/BTC pair has been on an upwards trajectory since June of last year. For many, the ETH flippening of BTC is only a matter of time. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
71 day ago zycrypto
AVAX Sees Massive Boost On Avalanche’s Partnership With Amazon Web Services
Ava Labs, the Web3 organization overseeing the development and promotion of the Avalanche (AVAX) blockchain, has scored a long-term partnership with Amazon Web Services (AWS) to scale...

About Avalanche?

The live price of Avalanche (AVAX) today is 17.021 USD, and with the current circulating supply of Avalanche at 325,741,177.05 AVAX, its market capitalization stands at 5,544,438,704 USD. In the last 24 hours AVAX price has moved -0.5924 USD or -0.03% while 69,720,367 USD worth of AVAX has been traded on various exchanges. The current valuation of AVAX puts it at #17 in cryptocurrency rankings based on market capitalization.

Learn more about the Avalanche blockchain network and how it works or follow the price of its native cryptocurrency AVAX and the broader market with our unique COIN360 cryptocurrency heatmap.

Since its mainnet launch in 2020, Avalanche has emerged as a notable contender to Ethereum, the largest smart contract-focused blockchain. Avalanche network, with its native cryptocurrency AVAX, aims to directly tackle Ethereum’s biggest weaknesses — speed and scalability. Using AVAX, it takes less than two seconds to finalize transactions, compared to 6 minutes on ETH and 60 minutes on BTC. It also has a higher transaction throughput — handling around 6,500 transactions per second (TPS) compared to 15-20 TPS on Ethereum. 

Launched by the New York-based Ava Labs, the Avalanche network contains three individual blockchains — the Exchange Chain (X-Chain)  which enables the creation and trading of the native token AVAX and other cryptocurrencies, the Contract Chain (C-Chain) which hosts the decentralized applications ecosystem, and the Platform Chain (P-Chain) which coordinates between network validators. 

AVAX price 

According to our AVAX USD live price chart, AVAX coin saw its first major spike at the start of 2021, when it went from around $3 on Jan. 1 to over $60 by Feb. 10, 2021. That 1,900%+ rally also marked a new all-time high for AVAX, but was soon followed by an 84% drop.

However, the price of AVAX rose again when market sentiment flipped bullish in September, and Avalanche network's native coin went on to set a new all-time high of $147 in November 2021 — marking another 1,400% gain from mid-year lows, and achieving a market cap of more than $30 billion.

While market woes that followed saw AVAX price drop in line with the broader risk-off sentiment, Avalanche’s DeFi ecosystem remained healthy, with the total value locked (TVL) in Avalanche's DeFi protocols ranging around the $10 billion mark throughout Q1, 2022. That being said, AVAX is far from being an "Ethereum killer", as it is often termed.

Future movements and AVAX price predictions depend primarily on how successfully Avalanche manages to capture market share from Ethereum and other competitors, such as Solana (SOL), Polkadot (DOT) and Cardano (ADA) etc.

How AVAX works

Like Ethereum, AVAX coin is used to pay for transaction fees on the Avalanche network. However, in the case of Ethereum, the transaction fee is partly burned and partly used to reward miners, while on Avalanche, the entire transaction fee is burned. AVAX holders can also stake their tokens, either individually or in a pool, to become network validators.  

The total supply of AVAX is capped at 720 million and the X-Chain, where the tokens are traded, uses the Avalanche consensus mechanism. In this mechanism, all nodes process and validate transactions simultaneously and random polling of validators ensures that the transactions are correct.

Avalanche also supports what are known as subnets, which can host independent blockchains, all of which can have customized parameters, including their consensus mechanisms and access permissions.

AVAX news, updates and highlights

Avalanche has been very active in terms of partnerships and growth initiatives. In 2021, Avalanche struck deals with payments giant MasterCard, and audit, tax, and consulting firm Deloitte. In August 2021, AVAX launched a $180 million DeFi incentive program called ‘Avalanche Rush’ that attracted DeFi leading protocols Aave (AAVE) and Curve (CRV)

A month later, the blockchain raised $230 million from the private sale of its AVAX tokens to crypto funds, and within two months, Avalanche launched a $220 million growth fund targeting DeFi and non-fungible tokens (NFTs). 

At the Avalanche Summit in March 2022, Ava Labs' product head Nick Mussallem announced two major updates for the network — a native wallet called ‘Core’ and a bridge to the Bitcoin network. Both updates aim to boost Avalanche’s DeFi ecosystem. 

Frequently asked questions about AVAX

  • Can you mine or stake AVAX?

Since Avalanche follows its own consensus mechanism, which is similar to proof-of-stake, AVAX coins cannot be mined. However, AVAX coin holders can stake their tokens to become network validators and receive rewards in AVAX tokens. Users need to stake at least 2,000 AVAX tokens to become validators, or pool their tokens with others and share the rewards. 

  • What are some of the best AVAX wallets?

AVAX can be stored in the Avalanche web wallet, AVAX chain configured on MetaMask, and Trust Wallet, as well as hardware wallets like Ledger and Trezor, among others. 

  • What can you do with AVAX?

You can use AVAX tokens to pay for transactions on the Avalanche network, trade them against other cryptocurrencies like BTC or ETH, stake them for rewards or hold them for governance rights.

  • How to buy AVAX?

You can buy AVAX by exchanging your BTC, ETH, or USDT tokens with AVAX on exchanges like HitBTC or buy it using fiat currency on exchanges like Nexo. 

Avalanche Price17.021 USD
Market Rank#17
Market Cap5,544,438,704 USD
24h Volume67,074,988 USD
Circulating Supply325,741,177.05 AVAX
Max Supply720,000,000 AVAX
Yesterday's Market Cap5,503,686,054.24 USD
Yesterday's Open / Close17.4883 USD / 16.8959 USD
Yesterday's High / Low17.5393 USD / 16.7452 USD
Yesterday's Change
-0.03% ( 0.5924 USD )
Yesterday's Volume69,720,366.91 USD
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