Avalanche is a highly regarded blockchain platform known for its impressive scalability and speed capabilities, making it a popular choice for decentralized applications and custom blockchain implementations. Its unique consensus protocol is designed to optimize performance while maintaining a high level of security and decentralization. Developers are drawn to Avalanche for its compatibility with Ethereum, allowing for easy migration of existing projects to a more efficient environment.
more informationLOFI is rapidly gaining attention in the crypto space as a unique token that seamlessly blends music and blockchain technology. The project aims to create a decentralized platform for artists and listeners, fostering a vibrant community around music creation and sharing. With its innovative approach, LOFI is positioning itself to empower creators and enhance the way fans engage with their favorite music.
more informationGeneral Information |
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---|---|
Title
Avalanche
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Title
LOFI
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Symbol
avax
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Symbol
lofi
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Whitepaper
-
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Whitepaper
-
|
Website
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Website
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Community
-
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Community
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Last Updated
2025-01-21 23:53
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Last Updated
2025-01-16 00:00
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Price Data |
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Current Price $
36.92
$
|
Current Price $
0.138145
$
|
High 24h
37.52
$
|
High 24h
0.138383
$
|
Low 24h
34.72
$
|
Low 24h
0.109069
$
|
Price Change 24h
1.13
$
|
Price Change 24h
0.02787518
$
|
Price Change % 24h
3.16855
%
|
Price Change % 24h
25.27908
%
|
Market Data |
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Market Cap
15185767837
|
Market Cap
137647262
|
Total Volume
544098882
|
Total Volume
12806771
|
Market Cap Change 24h
303527749
|
Market Cap Change 24h
27453999
|
Market Cap Change % 24h
2.03953
%
|
Market Cap Change % 24h
24.91441
%
|
Return on Investment (ROI)
-
|
Return on Investment (ROI)
-
|
Supply and Availability |
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Circulating Supply
411459428.6507
|
Circulating Supply
1000000000
|
Total Supply
449795737.94075
|
Total Supply
1000000000
|
Max Supply
720000000
|
Max Supply
1000000000
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Historical Data |
|
All Time High (ATH)
144.96
|
All Time High (ATH)
0.250332
|
ATH Change %
-74.55909
%
|
ATH Change %
-45.03696
%
|
ATH Date
2021-11-21 14:18
|
ATH Date
2024-12-15 22:27
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All Time Low (ATL)
2.8
|
All Time Low (ATL)
0.00931793
|
ATL Change %
1216.62272
%
|
ATL Change %
1376.61611
%
|
ATL Date
2020-12-31 13:15
|
ATL Date
2024-11-24 15:41
|
Avalanche, represented by the symbol AVAX, is a blockchain platform known for its high throughput and low latency, which aims to deliver a highly scalable and efficient decentralized network. Its unique consensus mechanism allows it to process transactions at a rapid pace, distinguishing it from many competitors in the crypto space.
Avalanche operates on a novel consensus mechanism called Avalanche consensus. This mechanism relies on random sampling and repeated subsampling to enable secure and fast consensus without needing significant computational power or energy consumption. It promises speeds unparalleled by legacy blockchains, making it ideal for high-demand applications.
Avalanche boasts several benefits, including its impressive transaction speed and scalability. The platform is capable of managing thousands of transactions per second (TPS), making it suitable for a wide range of decentralized applications (dApps). Additionally, its architecture supports subnets or customizable blockchains within the network, allowing developers to tailor properties and functionalities to their specific use cases.
Despite its technological advancements, Avalanche is not without its challenges. One of the primary concerns is the growing competition in the blockchain space. Networks like Ethereum and Solana are also advancing rapidly, and Avalanche must differentiate itself continually. Furthermore, the adoption rate of its platform compared to more established blockchains could impact its long-term success.
Since its inception, AVAX has seen significant volatility. Upon hitting an all-time high (ATH) of $144.96 in November 2021, AVAX has since retraced to its current price of $27.01. The price drop reflects the broader market trend affecting cryptocurrencies, where many coins and tokens have seen substantial corrections from their ATHs. Additionally, the early stage of the project in December 2020 saw AVAX at an all-time low of $2.80.
Considering its intrinsic strengths, Avalanche possesses considerable growth potential. As blockchain technology continues to gain mainstream acceptance, Avalanche's fast transaction speeds and low fees could become significant selling points. The network's ability to support a large ecosystem of dApps and the potential for further technological enhancements also hold promise.
Avalanche presents a robust alternative to existing blockchain networks, with its combination of speed, scalability, and flexibility. However, its success will heavily depend on the broader market sentiment and its ability to continually innovate and attract developers. For investors and developers alike, Avalanche offers an exciting proposition within the ever-evolving world of cryptocurrency.
LOFI, represented by the symbol LOFI, has gained considerable attention in the cryptocurrency market. This coin offers a unique proposition that intertwines decentralized finance with a community-driven approach. In this article, we will explore the historical performance of LOFI, assess its strengths and weaknesses, and consider its future potential.
Since its inception, LOFI has shown significant price fluctuations. As of now, the current price of LOFI stands at $0.19344, with a remarkable all-time high (ATH) of $0.228853 achieved just recently on December 13, 2024. This high reflects a volatile but upward trend, particularly when compared to its all-time low (ATL) of $0.00931793 recorded on November 24, 2024. The price change over the last 24 hours indicates an impressive increase of 109.94%, highlighting the coin's capacity for rapid gains.
The market capitalization currently sits at approximately $193.4 million, underlining its growing foothold in the crypto landscape. With a total volume of over $17 million in the last 24 hours, the trading activity suggests a vibrant market interest.
One of the primary advantages of LOFI is its community-driven approach, which fosters active participation and engagement from users. This inclusivity can help in building a loyal user base that feels connected to the project. Additionally, with a circulating supply of 1 billion tokens and a capped maximum supply, scarcity can create potential upward pressure on price as demand grows.
Furthermore, the coin has demonstrated robust price resilience, evident from its dramatic rise of over 2000% from its all-time low. This volatility, while daunting, offers opportunities for traders and investors willing to engage with the asset's movements.
On the flip side, LOFI is not without its challenges. The high volatility that has characterized its price movements may deter conservative investors who prefer stability over rapid fluctuations. The significant price drop from its ATH of $0.228853 also highlights the risks associated with investing in LOFI, as it currently sits about 14.49% lower than its peak.
Moreover, as a relatively new player in the market, LOFI faces stiff competition from established cryptocurrencies and other emerging altcoins. This competitive landscape necessitates continuous innovation and community engagement to maintain relevance and appeal.
The future of LOFI appears promising, especially given the surging interest in its unique value proposition. The recent price surge may attract further investor attention, and sustained community engagement can bolster its market presence. Additionally, as more decentralized applications (dApps) and services adopt the LOFI coin, its utility may increase, driving demand.
In conclusion, while LOFI presents significant opportunities for investors, potential buyers should exercise caution and conduct thorough research. Understanding the inherent volatility and challenges in the cryptocurrency market will be key for anyone looking to venture into LOFI. The community surrounding the coin, as indicated through platforms like TikTok, may play an instrumental role in its long-term success, making it an intriguing prospect for the future.
Overall, LOFI stands out as a notable cryptocurrency with high potential, amplified by its community-driven approach and unique characteristics. While it has its share of risks and volatility, the current trends suggest that LOFI can build on its momentum to establish a more secure position in the market.