Price for today
40,358 USD 12,51%
0,00041174 BTC 12,51%
Name: Avalanche
Symbol: AVAX
Circulating supply: 0 $
Max supply: 0 $
Price: 40,357667 $
Volume 24h: 64394710 $
Market Cap: 20.398 B $
Percent change 24h: 13 %
Avalanche is a platform designed to run DeFi applications and deploy enterprise blockchain networks in a scalable unified ecosystem and supports all the same development tools that Ethereum supports. It is clearly that the project was created as a competitor to Ethereum, or rather the upcoming Ethereum 2.0.
VAX is the Avalanche platform's native token. It provides with an access to a wide range of services and key security guarantees as well as empowers owners for management opportunities.
The native AVAX token is used to collect transaction fees, transfer value and create new networks on the Avalanche platform. In addition, the token allows you to participate in management (voting) and staking.
The reason we live in the era of the digital revolution is the computer scientists who are constantly pushing tech boundaries to the limit. Platforms that work on DeFi ecosystems and smart contracts are a great example of it. Avalanche is one of them. Read on to find out all the details and rates.
Avalanche is a public programmable network for making decentralized applications (Dapps) and customized blockchain solutions. The network has its own token called AVAX coin.
The Avalanche mainnet arrived in September 2020. Its creator, Emin Gün Sirer, is known to be the first person who minted a coin through Proof-of-Work (PoW) in 2003. A team of developers and computer scientists from Cornell University led by Emin worked hard on bringing Avalanche to life.
The platform was developed with a groundbreaking consensus protocol that enabled the transfer of digital tokens in less than a second. The Ethereum Virtual Machine compatibility allows using any Ethereum created app, tool, or smart contract on the Avalanche network.
Avalanche utilizes its Directed Acyclic Graph ‒ an optimized consensus protocol. It digitizes assets and focuses on building a future foundation for global finances.
Avalanche coin, AVAX, serves the purpose of fuel for its ecosystem. It safeguards the network, pays for operations, and provides the basic joint account between numerous subnetworks created by Avalanche network.
Similar to Bitcoin and other altcoins, AVAX experienced a bull run in February 2021, raising Avalanche coin price to a record-breaking $58.76. From March to May, we've seen it moving in waves, slightly falling and rising back up at about $35 per token. After that, on May 19th, the cryptocurrency market plummeted and now (June 15, 2021) AVAX coin price stands at $14.
Investors who stake Avalanche coin buy or trade it for other cryptos on various sites. Bitcoin, Ethereum, and Monero are among the top trading pairs with AVAX. Godex is one of the most popular platforms for exchanging BTC to AVAX coins and vice versa. If you want to swiftly and anonymously turn your BTC into AVAX tokens, follow this uncomplicated guide:
Avalanche does not use PoW, so graphics processing units (GPUs) cannot be employed here. Instead, AVAX runs on a PoS timestamping scheme to secure the network. In other words, you cannot mine AVAX, but you can lock its value ('stake' Avalanche coins) and earn rewards. You can obtain AVAX coins by trading other digital tokens for them on our exchange platform.
The network runs on three blockchains:
Avalanche's Primary Network validates those built-in blockchains by the implementation of PoS consensus. It means that you have to stake AVAX coins to become a validator, hence a member of the system. Since Avalanche is a public network, the number of validators is unlimited as of now. To become a member, you have to stake 2,000 AVAX tokens.
Avalanche utilizes a one-of-a-kind consensus protocol that consolidates strong security with high throughput and rapid finality, without affecting the main principles of decentralization. Here, we summed up the strongest points of AVAX coin and its network:
As of June 15, 2021, there are 172,418,164.00 AVAX in use, with a total supply of 385 922 102 (CoinMarketCap). The coins in circulation amount to only 24% of its max supply. Half of the max supply tokens are stored for staking rewards.
The cryptocurrency market moves in cycles, and the crypto prices decreased significantly in the course of the last few months. Right now is a perfect time to 'buy the dip' and invest your money in reliable projects such as AVAX.
Avalanche is planning its first major network upgrade called Apricot. It will introduce a governance framework, making it possible for token creators to freeze and unfreeze tokens on the network and even use AVAX tokens on the Ethereum platform. Avalanche developers also hope to increase AVAX throughput to Visa's level (24,000 TPS). It has the potential to change the trajectory in terms of how we transact money and build wealth.
Crypto experts predict that AVAX coin price will rise to $275 per token, making its market cap reach $22 billion.
Hurry up, and let’s embark on this crypto journey to the moon together!
