Avalanche (AVAX) Gains 4.8% in 24 Hours Amid Market Activity
Avalanche (AVAX) Gains Momentum Amid Market Fluctuations
Looks like AVAX is heating up! The token jumped 4.8% against the dollar in 24 hours, hitting $12.17 per coin as of January 28th morning. That’s roughly 0.00013521 BTC if you’re trading crypto-to-crypto. Over the past week, Avalanche has shown steady growth with a 0.9% increase.
The network now boasts a $5.25 billion market cap, with over $315 million worth of AVAX changing hands daily. Not bad for a project that launched just three years ago!
How Other Altcoins Performed
While AVAX led the pack, here’s how some other notable coins fared:
- Cronos (CRO): +1.7% → $0.0918
- Hedera (HBAR): +2.8% → $0.11
- NEAR Protocol: +2.3% → $1.48
- Fetch.ai (FET): +4.1% → $0.23
- Cosmos (ATOM): +3% → $2.28
A few projects like Paycoin (-3.8%) and Akash Network (-1.5%) didn’t fare as well, reminding us that crypto markets remain volatile.
Why Avalanche Stands Out
Born in September 2020, Avalanche has become a go-to platform for DeFi projects and enterprise solutions. Here’s what makes it special:
“AVAX delivers lightning-fast transactions (under 1 second!) and processes over 4,500 operations per second – way faster than older blockchains. It’s like Ethereum’s speedy cousin, fully compatible with existing DeFi tools but with eco-friendly validation.”
The AVAX token plays multiple roles: paying network fees, securing the system, and enabling governance. With its capped supply of 462 million coins (431 million currently circulating), it’s no wonder smart investors keep this project on their radar.
How to Get Your Hands on AVAX
New to crypto? Here’s the playbook:
Pro tip: Many platforms now let you stake your coins for passive income – something to consider if you’re holding long-term.
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