Avalanche (AVAX) grows rapidly and eyes for new all-time highs in 2021

Avalanche (AVAX) grows rapidly and eyes for new all-time highs in 2021. The chart above shows the monthly adjusted closing price of AVAX in United States Dollar (January until October 2021, and the latest November price). In the last two months, the monthly adjusted closing price of one AVAX was above $65 and the price trend in November also looks promising so far. Yesterday, AVAX even reached a new all-time high of $80.56.

What is Avalanche (AVAX)?

Avalanche (AVAX) is a layer-one blockchain and was launched in September 2020 by AVA Labs. It serves as a platform for decentralized applications and custom blockchain networks. Avalanche is one of Ethereum’s biggest competitors and aims to replace Ethereum as the most popular blockchain for smart contracts in near future. This is to be achieved through higher transaction performance of up to 6,500 transactions per second without compromising scalability.

AVA Labs was founded by Cornell University professor Emin Gün Sirer, Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. In 2020, Avalanche held its Initial Coin Offering, which closed in less than 24 hours, raising $42 million. 

How to I buy Avalanche (AVAX)?

You can buy Avalanche (AVAX) and other cryptocurrencies on so-called cryptocurrency exchange platforms, like Binance, Kraken or Coinbase.

Table & Chart Data


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Release date

November 2021

Survey time period

January – November 2021

Additional Notes

Last updated November 10, 2021. Prices in United States Dollar ($).


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