Avalanche (AVAX) Climbs 0.6% as Crypto Market Sees Broad Gains
Avalanche (AVAX) Sees Modest Gains in Crypto Market Shuffle
Avalanche (AVAX) bucked the sideways market trend Thursday morning, climbing 0.6% to $14.09 per coin as most cryptocurrencies hugged flatlines. This trade activity puts AVAX’s weekly surge at an impressive 10.7% – showing serious momentum compared to Bitcoin’s stagnant 0.00015459 BTC valuation.
Market watchers noted $273 million worth of AVAX changed hands in 24 hours, contributing to its $6.06 billion market cap. While not earth-shattering, this quiet consistency has traders eyeing potential mid-$20s targets if bulls keep defending key support levels.
Altcoin Arena: Who Else Is Moving?
While AVAX held steady, other players made bigger waves:
- Fetch.ai (FET): Rocketed 12.7% to $0.26
- Akash Network (AKT): Jumped 9.5% to $0.42
- Cronos (CRO) & Algorand (ALGO): Both up 6.9%
- Hedera (HBAR): Gained 4.5% to $0.13
Why Avalanche Stands Out
Launched in September 2020, Avalanche has become a scalability powerhouse with its unique consensus protocol. Unlike older blockchains, it processes transactions in under a second while handling over 4,500 TPS – crucial for DeFi apps needing speed and low fees.
Key AVAX facts every investor should know:
- Total supply: Fixed at 461 million coins (430 million circulating)
- Unique economics: Transaction fees get burned, making remaining coins scarcer
- EVM compatible: Developers can port Ethereum dApps effortlessly
The platform’s growth reflects broader trends noted in reports about altcoin ETF potential, positioning AVAX as a prime candidate for institutional adoption.
Getting Your Hands on AVAX
Since you can’t buy AVAX directly with USD, here’s the playbook:
- Grab Bitcoin or Ethereum on platforms like Coinbase or Changelly
- Swap your BTC/ETH for AVAX on exchanges supporting the pairing
Pro tip: Never leave crypto sitting on exchanges – transfer to a hardware wallet after purchase.
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