Avalanche Price

Track Avalanche Price Today, Live AVAX Price Chart & Market Cap

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Avalanche Price Live Data

24H Range
$?23.60
24H Range
$?24.26
52W Range
$?8.69
52W Range
$?65.26
ATH & ATL Range
$?2.79
ATH & ATL
$?146.18
Avalanche Price$?23.98
Market Cap$?9.72B
Diluted Market Cap $?17.17B
24H Volume$?543.16M
Vol. / M. Cap Ratio 0.0559
Dominance 0.48%
ATH $?146.18 (-84%)
ATH Date Nov 21, 2021
ATL $?2.79
ATL Date Dec 23, 2020
Cycle Low $?8.69
Cycle High $?65.26
Circ. Supply 405.26M (57%)
Total Supply 445.28M
Max Supply 715.75M
Supply Inflation 14.56% (High)
Volatility 8.60% (High)
PlatformAVAX
Release Date Sep 22, 2020
Fear & Greed Index 33 (Fear)
Sentiment Neutral
Show more ↓

Avalanche price today is $?23.98 with a 24-hour trading volume of $?543.16M, market cap of $?9.72B, and market dominance of 0.48%. The AVAX price decreased -0.60% in the last 24 hours.

Avalanche reached its highest price on Nov 21, 2021 when it was trading at its all-time high of $?146.18, while Avalanche's lowest price was recorded on Dec 23, 2020 when it was trading at its all-time low of $?2.79. The lowest price since it's ATH was $?8.69 (cycle low). The highest AVAX price since the last cycle low was $?65.26 (cycle high). The Avalanche price prediction sentiment is currently neutral, while Fear & Greed Index is showing 33 (Fear).

Avalanche's current circulating supply is 405.26M AVAX out of max supply of 715.75M AVAX. The current yearly supply inflation rate is 14.56% meaning 51.50M AVAX were created in the last year. In terms of market cap, Avalanche is currently ranked #6 in the Proof-of-Stake Coins sector, ranked #1 in the Avalanche Network sector and ranked #10 in the Layer 1 sector.

Highlights

  • Price has increased by 159% in the last 1 year
  • Outperformed 72% of the in 1 year
  • Outperformed and
  • Trading above the
  • Positive performance compared to
  • in the last 30 days (57%)
  • Has liquidity based on its market cap
  • Trading on KuCoin

Risk Analysis

  • Is and may soon fall
  • Down -84% from all-time high
  • Yearly inflation rate is
See All Risk Checks

Avalanche Token Sale

Initial Price $?0.50
Start Date-
End DateJul 15, 2020
ROI [USD]47.97x
ROI [BTC]7.74x
ROI [ETH]4.87x
TypeICO
PlatformAVAX
More InfoAvalanche ICO

The price of Avalanche in the ICO was $?0.50 and the token sale ended on Jul 15, 2020. Since then, AVAX price increased 47.97x against US Dollar, increased 4.87x against Ethereum and increased 7.74x against Bitcoin. To learn more about Avalanche ICO click here.

Avalanche Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
AvalancheUS Dollar AVAX/USD 0.44%-0.60%10.89%13.02%-28.52%-54.95%-39.41%158.63%-53.88%--313.00%
AvalancheBitcoin AVAX/BTC -0.45%-1.80%11.97%18.84%-13.06%-44.26%-54.92%13.78%-63.20%---24.54%
AvalancheEthereum AVAX/ETH -0.58%-1.29%14.90%25.54%10.14%-26.13%-40.52%71.51%-35.02%---39.96%
AvalancheTether AVAX/USDT 0.44%-0.60%10.89%13.02%-28.52%-54.95%-39.41%158.63%-53.88%--313.00%

Avalanche price in US Dollar has increased by 13.02% in the last 1 month. AVAX is up 25.54% against Ethereum and up 18.84% against Bitcoin in the last 1 month.

Avalanche Quarterly Returns

YearQ1Q2Q3Q4Total
2020-----17.81%-25.49%-38.76%
2021793.77%-58.51%458.36%63.91%3,294%
2022-10.97%-82.58%1.40%-36.62%-90.03%
202362.46%-26.22%-29.43%320.54%255.75%
202439.49%-45.71%------
Average 221.19%-53.25%103.13%80.59%855.26%

The top-performing year for Avalanche was 2021 when the price of AVAX increased by 3,294.07% from $?3.22 to $?109.37. The worst performing year for Avalanche was 2022 when the price dropped by -90.03% from $?109.37 to $?10.90. The average yearly growth of Avalanche over the last 5 years is 855.26% per year. Usually, Avalanche performs best in Q1 with an average of 221.19% gain and worst in Q2 with -53.25% loss.

Avalanche Price Closing History by Level

PriceDays Above% of Avalanche's Life
$?146.18 ATH--
$?140.0000.00%
$?130.0010.07%
$?120.0070.48%
$?110.00241.66%
$?100.00362.49%
$?23.98 Price Now65745.37%
$?20.0076752.97%
$?19.0080655.66%
$?18.0084558.36%
$?17.0091463.12%
$?16.0097367.20%

The table above shows the number of days which Avalanche closed above a certain price level.

Avalanche Price & ROI on this Date

DatePriceROI
Sep 10, 2024 Today$?23.98-
Sep 10, 2023$?9.83143.91%
Sep 10, 2022$?20.4117.52%
Sep 10, 2021$?40.84-41.27%

The table above shows the price and ROI of Avalanche today and previous years on the same date (Sep 10).

AVAX Exchanges

Avalanche is being traded on 86 cryptocurrency exchanges, including Binance and KuCoin. $?543.16M worth of Avalanche changed hands in the last 24 hours. If you wish to purchase AVAX, check our guide on how to buy Avalanche in 6 steps.

ExchangePrice Volume Action
Binance$?24.00$?48.88M$?24.00$?48.88M Trade Now
KuCoin$?24.01$?3.12M$?24.01$?3.12M Trade Now
Kraken$?24.06$?1.36M$?24.06$?1.36M Trade Now
Bybit$?24.01$?8.07M$?24.01$?8.07M Trade Now
OKX$?24.01$?5.41M$?24.01$?5.41M Trade Now
gate.io$?24.01$?2.50M$?24.01$?2.50M Trade Now
Binance Futures$?24.00$?187.59M$?24.00$?187.59M Trade Now
PrimeXBT$?24.00$?2.22M$?24.00$?2.22M Trade Now
MEXC$?24.01$?1.03M$?24.01$?1.03M Trade Now
Coinbase$?24.02$?11.43M$?24.02$?11.43M Trade Now

About Avalanche

Avalanche is one of the fastest growing blockchain networks for smart contracts and decentralized applications. The platform, which can serve as an alternative to Ethereum, has gained the confidence of many blockchain developers. It prides itself as a fast, low-cost, and eco-friendly smart contract platform.

The fact that it is also compatible with Solidity (Ethereum’s programming language) makes it even more appealing to developers and enterprise users, many of whom are accustomed to the tools offered by the Ethereum ecosystem.

Before going further, here’s a quick summary of Avalanche’s key features:  

  • The origin of Avalanche is traced to a team that goes by the name “Team Rocket” but the project was developed by a group of researchers from Cornell University
  • The Avalanche mainnet was launched in September 2020 and it has already secured over 100 individual projects
  • Avalanche supports three primary built-in blockchains, including the exchange chain (X-Chain), platform chain (P-Chain), and contract chain (C-Chain)
  • Avalanche allows developers to deploy customizable public or private blockchains that meet their needs
  • Avalanche is currently home to a variety of projects in different sub-niches, including DeFi (decentralized finance) applications and popular games
  • AVAX, the native token of Avalanche, is a digital asset that is available across top cryptocurrency exchanges and related platforms.

You can find the up-to-date AVAX price chart, trading pairs, Avalanche historical prices and more on CoinCodex.

What is Avalanche and how does it work?

Avalanche can basically be described as a decentralized, open-source blockchain with smart contract functionality. According to its official website, Avalanche is an “open, programmable smart contracts platform for decentralized applications”. The website also claims that “Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality”.

Like every other smart contract platform, Avalanche is primarily used for launching decentralized applications, which serve different purposes. It is a notable blockchain in the DeFi space, and it is also used to create apps in the gaming niche.

Like most public blockchain networks, Avalanche has a native currency— AVAX. This is the digital asset that powers the network and determines individuals’ stake in the Avalanche ecosystem. AVAX is used for settling transaction fees and can also be staked to secure the network. 

At this point, it is important to reiterate that the Avalanche network is made up of three component chains. The functions of these chains are as follow:

  • Exchange Chain (X-Chain) – which is used to send and receive funds on the network
  • Platform Chain (P-Chain) – which is used for Avalanche staking and facilitating validator activities
  • Contract Chain (C-Chain) – which is used for the creation of smart contracts and DeFi apps

The descriptions of the different chains in Avalanche summarize how the entire network works. The native token of the network, AVAX, is another important component to keep in mind. By serving as the asset that secures the network, AVAX enables fast peer-to-peer transactions, decentralized computation and storage, as well as the creation of new subnets (blockchains).  

Avalanche Price History

The prices of digital assets fluctuate from time to time, and the Avalanche crypto price is not an exception to this rule. To understand the Avalanche price today, it is helpful to understand how it has changed over the years.
It is important to state at this juncture that Avalanche price is influenced by a lot of factors, especially the general conditions in the crypto market. The activities within the Avalanche ecosystem can also have a significant effect on the price. The prices of other top-ranked cryptocurrencies like Bitcoin and Ethereum can also influence the AVAX coin price.

Without further ado, here are important milestones in Avalanche's price history:

  • AVAX was launched through an ICO on July 15, 2020 and the ICO price was $0.5 per token
  • The AVAX price grew significantly after the ICO and by September 22, 2020, the price was already $5.28 per token
  • The price of AVAX recorded its post-ICO all-time low of $2.80 on December 31, 2020
  • The AVAX crypto reached the $10 mark for the first time on January 16, 2021
  • Avalanche reached the $50 mark for the first time on August 22, 2021
  • The AVAX value reached the $100 mark on November 17, 2021

Just like the Avalanche coin price, the Avalanche market cap has also seen significant fluctuations. For example, the AVAX market cap was around $100 million in October 2020, but surpassed $10 billion as of September 2021.

Avalanche Supply

Avalanche has a cap on its supply, as the AVAX max supply is set at 720 million tokens. Avalanche has a detailed supply schedule for the Avalanche token (AVAX) that is expected to be distributed by 2030. Here is how the supply of AVAX is meant to be allocated:

  • Airdrop – 2.5%
  • Private Sale – 3.5%
  • Strategic Partners – 5.0%
  • Community and Developers – 7.0%
  • Foundation – 9.3%
  • Public Sale Option B – 0.7%
  • Public Sale option A2 – 8.3%
  • Team – 10.0%
  • Staking Reward – 50.0%

Obviously, the decision-makers at Avalanche reserved half of AVAX tokens for staking rewards. This underlines the importance of securing the network and rewarding AVAX holders who are ready to contribute to securing and growing the network by AVAX staking.

The most important Avalanche milestones

Avalanche has seen significant improvement from the time it was launched to date. There has been a lot in terms of upgrades, technical changes, and tokenomics.

Here, we will highlight some of Avalanche’s major milestones:

  • April 2020 – Avalanche launched its first public Testnet
  • June 2020 – The Avalanche token was renamed to AVAX, and the company raised $12 million in Private Token Sale
  • July 2020 – The Avalanche cryptocurrency was launched via an ICO that raised $45 million in just 4.5 hours
  • September 2020 – The Avalanche mainnet was launched with all three component chains going live
  • January 2021 – Avalanche integrates with Reef DeFi and the Avalanche-Ethereum Bridge was also introduced
  • May 2021 – NFT minting was enabled in the Avalanche network
  • June 2021 – Avalanche released its roadmap
  • June, July and September 2021 – Avalanche underwent a series of audits and improvements
  • December 2021 – Avalanche added support for stablecoins to promote stablecoin diversity and stability of the network
  • February 2022 – Avalanche (AVAX), being one of the fastest-growing digital assets, breaks into the top 10 cryptocurrencies by market cap

Avalanche vs. Solana

Avalanche and Solana are similar blockchain projects. They both have smart contract functionality and primarily serve as launch platforms for DApps (decentralized apps). They are also known for their scalability.
Both Avalanche and Solana have grown considerably in the last few years.

However, Avalanche seems to be ahead when you consider core metrics. Both offer low fees and high throughput. Avalanche, however, is considerably more stable than Solana. Solana's reputation is not as strong as that of Avalanche mostly because of the number of network outages it has suffered.

FAQ

What is Avalanche?

Avalanche is a blockchain platform designed with the goal of being extremely fast, scalable and customizable. It’s a platform that utilizes smart contracts on which you can build decentralized applications and smart contracts, digitalize real world assets and create custom blockchains.

The Avalanche network was founded by computer science professor Emin Gün Sirer and built by blockchain development firm Ava Labs and. The platform was launched in September 2020 and prior to this, they raised $18 million from well-known investment companies and $42 million from their public AVAX token sale in July 2020.

How does Avalanche work?

The Avalanche network consists of three blockchains. The first is the Exchange Chain which uses the AVAX token and allows creation and exchange of assets. Next, we have the Platform Chain, which enables creation and keeping track of subnets, which are basically customizable blockchains. Finally, we have the Contracts Chain, which allows for the creation of smart contracts.

The Exchange Chain utilizes a unique consensus mechanism called Avalanche. This consensus mechanism is unique because it combined the two most used consensus models called the ‘Classical’ and the ‘Nakamoto’ consensus mechanisms. The consensus protocol which is able to process transactions in parallel, meaning that certain transactions won’t slow down the whole network like they would on other blockchains.

This consensus mechanism uses a method called ‘gossiping’ where the nodes will “talk” with other validators to check if the transactions on the network are valid. This increases their confidence that they are submitting a valid transaction. 

Validators are selected depending on how many tokens they have staked on the network. The more tokens they stake, the higher the chance that they will be selected.

The Platform Chain and the Contracts Chain use a different consensus mechanism called Snowman. Unlike the Avalanche protocol, Snowman is chain-optimized, making it suitable for smart contracts.

How do you use Avalanche?

To use Avalanche, you need to create a wallet. Once that’s done, you can use all the features that their platform provides, such as performing transactions, staking AVAX tokens etc.

If you plan to develop DApps for their platform you can find documentation, libraries and other resources to help get you started on the official Avalanche developer documentation page.

How is Avalanche different?

Avalanche is unique because it utilizes a special consensus mechanism called Avalanche. This consensus mechanism tries to mitigate the disadvantages of the ‘Classical’ and ‘Nakamoto’ consensus mechanisms.

The problem these two mechanisms have is that they each have their downsides. The classical consensus works by having all nodes cast the same vote on the current state of the blockchain, and there can be no disagreements. The Nakamoto consensus doesn’t require all votes to be the same, as it allows a small sample of them to be different.

Avalanche is the answer to the shortcomings that both of these protocols provide, by combining their best features into a mechanism that is both fast and scalable.

Why are AVAX tokens valuable?

The main value in AVAX lies in them being necessary to keep the Avalanche system running. They are used to secure the network, pay for fees, and it’s a basic unit for performing operations in the Avalanche network. It’s also valuable as a governance token which means token holders will have input into development of the platform.

It’s also valuable if you wish to become a validator on the Avalanche network. Validators will have to stake a minimum of 2,000 Avax tokens in order to join for the consensus mechanism.

It’s also valuable for trading, as it is listed on many cryptocurrency exchanges.

Is AVAX a good investment?

Although the Avalanche platform has been launched recently, the AVAX token managed to become one of the most valuable tokens on the market. This is mainly because of the innovative technology they are using on their platform and many believe that AVAX is a good long-term investment. However, the crypto market is very volatile and nothing is ever for certain, so if you do decide to invest in AVAX, make sure to only invest an amount that you are willing to lose.

How do I get AVAX tokens?

You can easily get AVAX tokens on a cryptocurrency exchange. AVAX is listed on many crypto exchanges, and is usually paired against stablecoins or other cryptocurrencies like Bitcoin and Ethereum.

Once you get your hands on some AVAX, you have the option to stake them on the Avalanche network and earn more of them as a reward.

What is the current price of AVAX tokens?

On , the price of an AVAX token is .

How many AVAX tokens are left?

There are currently AVAX tokens on the market, with tokens available.

Is AVAX safe?

Although AVAX is a new cryptocurrency on the market, it’s still considered a safe platform to use. They use standard industry crypto tools and techniques, and its Proof-of-Stake mechanism has been performing well so far. Of course, no cryptocurrency is ever completely safe, so we advise you to do your own research on their platform if you intend to use it.

Is AVAX legal?

Many countries in the world are starting to allow the use of cryptocurrencies, but the legality status still varies. To see which countries have legalized cryptocurrencies, click here.

Where can you store AVAX?

You can store AVAX in the Avalanche wallet, but if this doesn’t work for you, it’s possible to store it in online and offline wallets as well. If you’re not planning to use your AVAX tokens frequently, you might want to consider keeping them in a hardware wallet like Ledger.

How do you cash out AVAX tokens?

Many crypto exchanges have listed AVAX tokens for trading, but not many offer the option to trade them for fiat currencies. If you want to cash out on your AVAX tokens, the best course of action would be to trade them for some Bitcoin or Ethereum, and then trade those in for some fiat currencies.

Are Avalanche transaction fees high?

Transaction fees on Avalanche are paid with AVAX tokens, and those tokens are burned forever. The transaction fees will vary depending on the type of transaction, but they are very low with some transactions costing only 0.001 AVAX tokens.

Avalanche News

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AVAX
Avalanche
$?23.98
-0.60% Last 24h
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