Avalanche (AVAX) Rises to $13.34 as Market Cap Hits $5.7B Amid Broader Altcoin Gains
Avalanche (AVAX) 24-Hour Price Update
While the crypto markets keep everyone on their toes, AVAX managed to claw back a modest 1% gain against the dollar as of 9:00 AM Eastern on December 7th. Here’s what you need to know:
- Market Cap: Holding steady at $5.73 billion
- 24-Hour Volume: $229.23 million worth of AVAX changed hands
- Current Price: ~$13.34 per coin (or 0.00014995 BTC if you’re stacking sats)
Despite the daily uptick, it hasn’t been all sunshine – the token’s still down 6.5% for the week. Buckle up, because this rollercoaster ain’t stopping anytime soon!
How Other Altcoins Fared
When we zoom out to see the bigger picture, most major alts followed similar patterns:
- Cronos (CRO): Down 1.6% at $0.10
- Hedera (HBAR): Flatlined at $0.13
- NEAR Protocol: Took a 2.7% hit to $1.68
- Cosmos (ATOM): Dipped 1.6% to $2.18
- Fetch.ai (FET): Mirroring NEAR’s 2.7% drop to $0.23
Curiously, PayProtocol Paycoin (PCI) matched AVAX’s 1% gain, settling at $0.0652. Meanwhile, Theta Fuel (TFUEL) squeezed out a minor 0.5% increase – not exactly moon fuel, but green is green!
What Makes Avalanche Special?
Launched on September 21st, 2020, this isn’t your grandpa’s blockchain. With 429+ million coins circulating out of 460+ million total supply, AVAX is built for DeFi applications and enterprise solutions. Here’s why developers dig it:
“Avalanche’s secret sauce? It confirms transactions in under a second while handling 4,500+ operations per second – way beyond what older blockchains can manage.”
Social proof alert: The project’s buzzing with over 1,000 validator nodes and active communities on Reddit, Medium, and GitHub.
How to Get Your Hands on AVAX
First rule of trade club – you typically can’t buy AVAX directly with dollars. Here’s the playbook:
- Grab some Ethereum or Bitcoin from exchanges like Coinbase or Gemini
- Move your crypto to a platform that lists AVAX (think Binance, Kraken, etc.)
- Swap your ETH/BTC for AVAX and secure it in a non-custodial wallet
Pro tip: Keep an eye on gas fees – they can eat into your investment faster than a bear market!
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