Avalanche (AVAX) A Crypto Alternative to
Avalanche is a consensus algorithm mechanism.
It’s about a open source blockchain protocol hosts interoperable blockchains as well as applications decentralized and financial primitives.
What is Avalanche?
Avalanche (Avax)it is a crypto with the capacity to fight ethereumthanks to the recent financing it has received from various investment funds.
The variation in the cryptocurrency market Lately, in relation to the price and the number of options that are emerging, some lose their price in a day and others earn in just a couple of hours, but this asset market is totally versatile.
Avalanche (Avax), is one of those cryptocurrencies that are revolutionizing this market due to the 34% increase in its value that it has experienced in the last week.
Also for possibly being the new ethereum alternativem, for its Smart contract development programa.
Is there potential to invest in Avalanche Coin?
It is necessary to clarify that there are only three cryptocurrencies that have a high market capitalization more than Avalanche (Avax), they also have smart contract development programa and they are: Ethereum (ETH), and the altcoins Cardano (ADA) and Solano ( SUN).
Avalanche (Avax), has a fairly high market capitalization for what it has been in its development, taking into account that Ethereum has a market capitalization of $500,000 million dollars; while Solano (SOL) of $67,000 million and Cardano (ADA) of $59,000 million.
The market capitalization of Avalanche (Avax) is at $28,000 million, which may be conveniente as it is an alternative for future investments.
The good thing about Avalanche (Avax)
It has a compatibility with Ethereum Virtual Machine (EVM) allowing the Avalanche blockchain to run the applications that Ethereum develops but all this with much more advantage.
Recently, Polychain and Three Arrows Capital, were the ones that carried out financing in this project, it should be noted that CMS Holdings, Lvna Capital and Collab Currency participated in the financing round. and other prominent investors in the industry, which allows the Avalanche Foundation to grow rapidly from DeFi, to create a backing for the different projects that will be carried out within its blockchain.
Another aspect to highlight about Avalanche Avax is that it will be able to make 4,500 per second, an advantage that makes it stand out from Ethereum, and also that its transactions take less seconds to confirm.
On the other hand, the creation of smart contractt comes out for a lower cost, another great advantage over the Ethereum network.
Avax is the native token of the Avalanche platform or rather cryptocurrency.
This is used to secure the network through staking, it also works as a reward to incentivize users and pay network fees.
AVAX provides a basic unit of account between the multiple subnets that are connected on the Avalanche platform.
It must be taken into account that the official launch of the Avax token is recent and we perro say that the token has reacted remarkably and positively and has given enough benefits to its investors.
The token began operating on September 21, costing $4.6 per coin.
Only in the first days the token was already 150% higher than the initial estimated price of 1.7 dollars.
Avalanche Price: Live Price Data
Avalanche coin Today’s price is $113.13 USD with a 24-hour trading volume of $1,166,243,174 USD.
We update our AVAX price to USD in real time.
Avalanche is down 7.05% in the last 24 hours.
CoinMarketCap’s current top is #11, with a market capitalization of $25,337,276,011 USD.
It has a circulating supply of 223,960,117 AVAX coins and the maximum supply is not available.
To see the live data visit the following backlink.
Avalanche Avax, gives way to interoperability between different blockchains, this is something that the developers of this cryptocurrency have exposed, depending on how the various blockchains could be connected to each other.
This means that Avalanche (Avax) allows fácil transfers of assets between your blockchain and Ethereum’s.
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