Crypto news: Avalanche surges by 3.8%, know about this blockchain platform and its AVAX token
After a few days, the cryptocurrency market on Wednesday showed positive growth in the last 24 hours.
New Delhi: After a few days, the cryptocurrency market on Wednesday showed positive growth in the last 24 hours. The reason behind the growth is expected to be Ukrainian President Volodymyr Zelensky’s stance on NATO. On Tuesday, Zelensky said we should accept that Ukraine would not become a member of NATO’s military alliance.
Among other cryptocurrencies available in the market, Avalanche became a hot topic on Google. Many people started searching about Avalanche its price. Considering the demand, we have decided to explain Avalanche.
Before going into detail, we must that Avalanche’s (AVAX) price reached $69.09 with a surge of 3.8% in the past 24 hours on Wednesday.
What is Avalanche?
Avalanche is a blockchain platform that delivers a scalable blockchain solution. It is also known for maintaining decentralization and security, focusing on lower costs, speedy transactions, and eco-friendliness. Avalanche was launched in 2020 by Ava Labs. Kevin Sekniqi, Maofan ”Ted” Yin and Emin Gun Sirer are said to be the mind behind the platfrom.
Avalanche has also its own native token AVAX. It facilitated the medium of exchange in the Avalanche ecosystem. In the Avalanche network, the token is used as a currency.
Avalanche (AVAX) benfits
It provides an alternative network against Ethereum. It is considered as fast as top-tier payment processors like PayPal and VISA. Other than its speed, Avalanche is also famous for being more affordable than Ethereum.
Where to buy AVAX
You can purchase Avalanche (AVAX) on many crypto exchanges platforms such as Uphold, Binance, Bit Panda, Gate.io. In the United States, Uphold can be used to buy AVAX tokens, while Binance is globally available for AVAX’s token purchase.