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  1. Cryptocurrencies
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Avalanche

AVAX

Rank #14
$ 20.65
+ 2.3%
24H Low$19.59
24H High$20.83
24H Volume
439.79M
All-Time High(ATH)
$144.96
All-Time Low(ATL)
$2.8
Market Cap
7.54B
Fully Diluted Valuation
8.95B
Market Cap/FDV
0.8429
Circulating Supply
365.11M AVAX
Total Supply
433.14M AVAX
Max Supply
720M AVAX
Market Sentiment
--
* Data from 3rd parties

Avalanche (AVAX) Price Trends

Time period
Change amount
% Change
1H
$ -0.04811
-0.23%
24H
$ 0.475
2.3%
7D
$ -0.07033
-0.34%
14D
$ 4.55
22.05%
30D
$ 17.03
82.46%
1Y
$ 13.53
65.5%

Live Avalanche (AVAX) Price Update

Avalanche price today is $20.65 with a 24-hour trading volume of 439.79M, and as such Avalanche has a market cap of 7.54B, giving it a market dominance of 0.5%. The Avalanche price moved 2.3% in the last 24 hours.

Avalanche reached its highest price on 2021-11-21 when it was trading at its all-time high of $144.96, while its lowest price was recorded on 2020-12-31 when it was trading at its all-time low of $2.8. The current lowest price since the last cycle high was $2.8, and the highest price since the last cycle low was $144.96. The social sentiment of Avalanche is currently Positive.

The current circulating supply of Avalanche is 365.11M AVAX. In terms of market cap, Avalanche is currently ranked 14.

About Avalanche (AVAX)

The origin of the project Avalanche lies in its technical foundation - "aAvalanche Protocol". In 2015, Professor Emin Gun Sirer of Cornell University published an article entitled "From ‘Snowflake’ to ‘Avalanche’: A Novel Metastable Consensus Protocol Family for Cryptocurrencies” on IPFs. After the publication, it caused widespread discussion. The" Avalanche Protocol "in the paper achieved a breakthrough in the field of distributed systems.

Avalanche is an open and programmable smart contract platform for building decentralized applications. The project was officially launched in 2020, aiming to create an interoperable and highly scalable ecosystem, so that developers, enterprises or individuals can easily create and deploy decentralized applications and enterprise blockchains.

Avalanche public chain has extremely high processing performance. Transactions can be confirmed within 10 seconds, which is 1 / 30 of that of Ethereum; Meanwhile, Avalanche is also the first smart contract platform to process more than 4,500 transactions per second and immediately confirm transactions, which is far more than approximately 14 times per second of Ethereum.


How does Avalanche (AVAX) Work?

Avalanche adopts a DAG optimized consensus protocol - high throughput, parallelizable and easy to prune.

Avalanche consists of three public chains:
1. Exchange chain (X-Chain): responsible for creating assets and transactions
2. Platform chain (P-Chain): responsible for data, data and validation on the storage chain
3. Contract chain (C-Chain): responsible for smart contracts

Each of the three chains has its own functions, which can be converted across the chain, so that users can use assets more conveniently, and the system maintenance and resource allocation can be more detailed.


Avalanche nodes haves no means of miningno mining or voting to obtain new blocks. The deal is broadcast to the wider network, and then they "listen" and start voting. When nodes hear a transaction, they will vote to decide whether a transaction is "accepted". If not, they will mark it as "rejected". A seemingly benign transaction will be voted "accepted" by the validator. If there is a conflict, the transaction will be voted "rejected". This is the sum of them. When the validator sees a decision, he/she does not need to compare it with the nodes of the whole network. Instead, he/she randomly selects most of the N nodes to cooperate and confirms whether they agree or not. This process is like a snowball rolling down the mountain, and it will roll bigger and faster.

It is simple to understand that the validation process requires repeated sampling validation to ensure that enough nodes confirm the accuracy of high probability events.

If there is no transaction to vote, the nodes in the network do nothing except listen until they hear the new transaction. In short, Avalanche works smarter, not harder.


What is Avalanche (AVAX)?

AVAX is the native token of the Avalanche platform, which is used to protect the network and pay fees through staking. All fees settled by AVAX in the network will be burnt. AVAX has three main uses:

1. Stake the AVAX held and become the validator. The validator can enjoy a certain percentage of annual percentage yield ((APY) and charge a certain percentage of management fees from the client.
2. As a token of the subnet, it helps to improve the interoperability of the subnet.
3. Used to pay trading fees and subnet subscription fees.

The total issuance volume of AVAX is 720 million, of which, staking mining accounts for 50%; Seed wheel account for 2.5% (10% of them are unlocked on the main net, and the remaining 22.5% are unlocked every three months); Private placement round account for 3.5% (10% of them are unlocked on the main net, and the remaining 22.5% are unlocked every three months); Public offering round account for 10%; Foundation account for 9.26%; Community and development donations account for 7%; Test network reward account for 0.27%; Strategic partners account for 5%; Airdrop account for 2.5% and Team account for 10%.


Avalanche (AVAX) Crypto Wallet

In addition to placing AVAX in the Gate.io exchange to facilitate trading, AVAX can also be placed in the crypto wallets.

In the avalanche network environment, there is an official website wallet - Avalanche Wallet. Avalanche Wallet is a web-based application without intermediate software or any type of server communication. The wallet is written in Vue JS, which can be accessed online or compiled and run locally. The wallet is simple, secure and un-custodial for storing Avalanche assets.

FAQs

1. What determines the price movement of Avalanche?

There are two schools of thought in determining the price of Avalanche.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Avalanche, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Avalanche from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Avalanche on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Avalanche as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Avalanche and the cryptocurrency market as a whole.

Avalanche (AVAX) News

Avalanche (AVAX) Announcements

Gate.io Supports Upcoming Avalanche (AVAX) Upgrade

According to the Avalanche team, an upgrade will take effect at 16:00 UTC, October 18, 2022. All nodes are required to upgrade beforehand. Gate.io supports this upgrade and will suspend deposits and withdrawals for tokens available on Avalanche during the process. Deposits and withdrawals will be resumed as soon as possible after this upgrade. Trading of AVAX and other tokens on Avalanche chain will not be affected. Thank you for your understanding and continued support. This upgrade adds support for creating Proof-of-Stake Subnets. Learn more: https://github.com/ava-labs/avalanchego/releases/tag/v1.9.0 Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io Sign up to enter the crypto gateway and get 40% commission from referrals Download iOS/Android App right now. Reach out to us! Twitter: https://twitter.com/gate_io Telegram: https://t.me/gate_io Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team October 14,2022
readings: 29239Posted:

Gate.io Supports Upcoming Avalanche (AVAX) Upgrade

Gate.io Supports Upcoming Avalanche (AVAX) Upgrade According to the Avalanche team, an upgrade v1.7.0 will take effect at 6 PM UTC, December 2nd 2021. All nodes are required to upgrade beforehand. Gate.io supports this upgrade and will suspend deposits and withdrawals for tokens available on Avalanche during the process. Deposits and withdrawals will be resumed as soon as possible after this upgrade. Trading of AVAX and other tokens on Avalanche chain will not be affected. Thank you for your understanding and continued support. This upgrade adds support for issuing multiple atomic transactions into a single block and directly transferring assets between the P-chain and the C-chain. Learn more: https://github.com/ava-labs/avalanchego/releases/tag/v1.7.0
readings: 37275Posted:

Gate.io Added Support for Avalanche (AVAX) Contract Chain C-Chain

Gate.io has now added support for Avalanche (AVAX) Contract chain (C-Chain) . Users can now deposit or withdraw using both X-Chain and C-Chain on Gate.io. Please make sure you select the correct chain when depositing or withdrawing. What is the Contract Chain (C-Chain)? The Contract Chain is the default smart contract blockchain on Avalanche and enables the creation of any Ethereum-compatible smart contracts. This blockchain is for applications that require total ordering (for faster asset transfers or any other commutative application, use the Exchange Chain). The Contract Chain implements the Snowman consensus protocol. Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team June 18, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up :https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram:https://t.me/gateio Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio
readings: 95092Posted:

Regarding ETFs (DOT5S,CHZ3S,EOS5S,SOL3S,AVAX3S,CVC3S,SKL3S,GRT3S,NEAR3S,ETH5S) Reverse Split

The crypto leveraged ETF markets are traded 24/7, typically with great fluctuations. Some leveraged ETFs are currently traded on Gate.io with too small share value, which negatively impact the price precision and trading simplicity. To improve users’ experience in trading ETFs, Gate.io will conduct share merge for several leveraged ETFs on February 1st, around 12:00 AM UTC. After this share merge, the number of ETF shares held by users and the unit value per share will change, but the total value of users’ holdings will not change (without considering value changes caused by market fluctuations). Below you will find how we will conduct the merge: 1)DOT5S will have a 1-for-100000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/100000 that before the split , and the unit value will be 100000 times that before the split. 2)CHZ3S will have a 1-for-100000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/100000 that before the split , and the unit value will be 100000 times that before the split. 3)EOS5S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 4)SOL3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 5)AVAX3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 6)CVC3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 7)SKL3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 8)GRT3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 9)NEAR3S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 10)ETH5S will have a 1-for-10000 reverse split. After the split is completed, the number of ETF shares held by users will become 1/10000 that before the split , and the unit value will be 10000 times that before the split. 11) Before the reverse split, Gate.io will temporarily suspend these ETF trading markets and cancel any open orders. 12) After the reverse split is completed, Gate.io will resume these ETF trading markets. Please note, the price will fluctuate around the new unit value after the split. Users should pay close attention when placing their orders. 13) After the reverse split, the candlestick chart will have a leap. You may use split-adjusted functionalities to get a smooth chart. About Leveraged ETF The leveraged ETF product re-balances to a target leverage if a certain criterion is triggered. When it re-balances, profit will be used to expand the position while the loss will lead to decrease of the position. When trading with ETFs, you do not have to pay a margin. You can simply buy and sell it to enjoy increased exposure like you are trading with leverage. ETF products are managed and hedged in the perpetual contract market. We charge a management fee daily to compensate for the funding payment and trading fee which is incurred at perpetual contract markets. No extra funding fee is charged. By optimizing the fund management, the cost and risks for you to get leveraged exposure are significantly reduced. Risk Warning Digital currency prices are susceptible to high volatility, which is even more tangible for the leveraged ETF products. Therefore there is a risk to suffer amplified loss. Please fully understand the product and risks involved before trading. Furthermore, the change of an ETF product is not always about the target times of the underlying asset over a certain time span as the result of scheduled or irregular re-balancing. An ETF product is hedged in a perpetual contract market, the profit will expand the position and the loss will decrease the position, which will incur greater friction in a swinging market. Due to the rebalancing mechanism and the holding cost, the ETF is not suitable for long term holding. It has greater fluctuation and higher risk. Please be cautious. For more details, please read instructions about Leveraged ETFs at our Help Center. Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team Apr 3, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up :https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram:https://t.me/gateio Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio
readings: 116448Posted:
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