Prices and market statistics of cryptos Avalanche (AVAX), Cosmos (ATOM) and MultiversX (formerly Elrond)
– Cosmos (ATOM) has a market capitalization of $2.5 billion with a current price of $7.21. The trading volume in the past 24 hours was $82.4 million. The circulating supply is 346.6 million and the average holding time is 143 days. ATOM ranks 19th in popularity.
– Avalanche (AVAX) has a market capitalization of $3.7 billion with a current price of $10.37. The trading volume in the past 24 hours was $121.4 million. The circulating supply is 353.5 million and the average holding time is 71 days. AVAX ranks 16th in popularity.
– MultiversX (formerly Elrond) has a market capitalization of $687.4 million with a current price of $26.56. The trading volume in the past 24 hours was $13.2 million. The circulating supply is 25.9 million and the average holding time is 21 days. MultiversX ranks 35th in popularity.
Cosmos (ATOM)’s new interchain portal
Cosmos has unveiled an interchain portal that will revolutionize inter-chain communication. The Inter-Blockchain Communication (IBC) protocol will allow seamless transfer of tokens, data structures, and smart contracts between different blockchains. Despite a recent decline in ATOM’s valuation, experts predict a positive future for the Cosmos coin.
Balancer deploys its platform on Avalanche
Balancer, a decentralized market maker, has deployed its platform on Avalanche to promote liquid staking and leverage Avalanche’s capabilities. The Avalanche network’s transaction processing capacity and energy efficiency make it an ideal ground for Balancer’s technological capabilities. Balancer’s Composable Stable Pools and Boosted Pools offer liquidity providers benefits and incentives to strengthen the Liquid Staked Token (LST) landscape within the Avalanche network.
Hot Take
The prices and market statistics of Cosmos (ATOM), Avalanche (AVAX), and MultiversX (formerly Elrond) are analyzed in this article. Cosmos has introduced an interchain portal that will revolutionize inter-chain communication, while Balancer has deployed its platform on Avalanche to promote liquid staking. Despite recent declines in valuation, experts remain optimistic about the future of these cryptocurrencies.
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