Algorand 1-Day Volume Reaches $25.83 Million (ALGO)

Algorand (ALGO) traded down 1.7% against the dollar during the 24 hour period ending at 20:00 PM ET on July 30th. Algorand has a total market capitalization of $1.13 billion and approximately $25.83 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 4.4% lower against the dollar. One Algorand coin can now be bought for approximately $0.14 or 0.00000207 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $26.25 or 0.00039663 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $5.16 or 0.00007792 BTC.
• Internet Computer (ICP) traded down 1.1% against the dollar and now trades at $8.82 or 0.00013329 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.0889 or 0.00000134 BTC.
• Hedera (HBAR) traded 2.2% lower against the dollar and now trades at $0.0657 or 0.00000099 BTC.
• Cosmos (ATOM) traded 2.2% lower against the dollar and now trades at $5.99 or 0.00009052 BTC.
• Fetch.ai (FET) traded down 2.8% against the dollar and now trades at $1.19 or 0.00001793 BTC.
• Akash Network (AKT) traded 5.8% lower against the dollar and now trades at $2.97 or 0.00004491 BTC.
• Kava (KAVA) traded down 3.7% against the dollar and now trades at $0.40 or 0.00000606 BTC.
• Theta Fuel (TFUEL) traded down 4.9% against the dollar and now trades at $0.0654 or 0.00000099 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,226,785,369 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official website is algorand.foundation.

According to CryptoCompare, “Algorand (ALGO) is a decentralized, permissionless blockchain protocol and open-source cryptocurrency used to facilitate transactions and secure the network against malicious actors. It is designed to provide fast, secure, and reliable transactions with low transaction fees and scalability. Algorand (ALGO) is an asset-agnostic, proof-of-stake protocol used for transferring money, purchasing goods and services, sending messages securely, creating and deploying decentralized applications (dApps), tokenizing assets, and creating smart contracts. Algorand (ALGO) is a valuable asset for investors due to its low transaction fees, scalability, and security. It was created by Silvio Micali, a Turing Award-winning professor at MIT and renowned cryptography expert, and is managed by the Algorand Foundation.”

Buying and Selling Algorand

It is usually not currently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView