Algorand (ALGO) 1-Day Volume Hits $27.51 Million

Algorand (ALGO) traded 0.1% lower against the US dollar during the 1 day period ending at 11:00 AM Eastern on October 16th. One Algorand coin can currently be bought for about $0.12 or 0.00000183 BTC on cryptocurrency exchanges. Algorand has a market capitalization of $1.03 billion and approximately $27.51 million worth of Algorand was traded on exchanges in the last 24 hours. In the last week, Algorand has traded up 2.3% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 1.5% lower against the dollar and now trades at $27.65 or 0.00040738 BTC.
• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $4.93 or 0.00007269 BTC.
• Internet Computer (ICP) traded up 0.2% against the dollar and now trades at $7.97 or 0.00011749 BTC.
• Cronos (CRO) traded up 1.7% against the dollar and now trades at $0.0780 or 0.00000115 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.0540 or 0.00000080 BTC.
• Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $4.44 or 0.00006548 BTC.
• Fetch.ai (FET) traded down 1.7% against the dollar and now trades at $1.43 or 0.00002103 BTC.
• Akash Network (AKT) traded up 4.9% against the dollar and now trades at $2.59 or 0.00003836 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.0613 or 0.00000090 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.38 or 0.00000556 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,317,675,613 coins. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org.

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.”

Algorand Coin Trading

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

ALGO/USD price chart by TradingView