Avalanche hits new all-time highs in November 2021

Avalanche hits new all-time highs in November 2021. The chart above shows AVAX’s monthly adjusted closing price from January until December 2021. While the price of a AVAX in January 2021 was about $3.21, the price in the beginning of December was $120.88. The all-time high was reached on November 21, 2021 ($144,96).

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.

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Release date

December 2021

Survey time period

January 1 to December 1, 2021

Additional Notes

Last updated December 07, 2021.


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