Algorand (ALGO) 1-Day Trading Volume Hits $32.04 Million

Algorand (ALGO) traded up 6.4% against the U.S. dollar during the 24-hour period ending at 14:00 PM Eastern on November 5th. In the last seven days, Algorand has traded down 7.3% against the U.S. dollar. Algorand has a market capitalization of $958.16 million and $32.04 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for about $0.11 or 0.00000164 BTC on cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 5.6% higher against the dollar and now trades at $24.23 or 0.00034597 BTC.
• NEAR Protocol (NEAR) traded 6.9% higher against the dollar and now trades at $3.86 or 0.00005507 BTC.
• Internet Computer (ICP) traded 4.1% higher against the dollar and now trades at $7.38 or 0.00010542 BTC.
• Fetch.ai (FET) traded up 10.6% against the dollar and now trades at $1.25 or 0.00001783 BTC.
• Cronos (CRO) traded up 2.7% against the dollar and now trades at $0.0728 or 0.00000104 BTC.
• Hedera (HBAR) traded up 6.8% against the dollar and now trades at $0.0454 or 0.00000065 BTC.
• Cosmos (ATOM) traded 6.2% higher against the dollar and now trades at $4.16 or 0.00005941 BTC.
• Akash Network (AKT) traded up 7.4% against the dollar and now trades at $2.32 or 0.00003309 BTC.
• Theta Fuel (TFUEL) traded up 3.2% against the dollar and now trades at $0.0509 or 0.00000073 BTC.
• Kava (KAVA) traded up 5% against the dollar and now trades at $0.31 or 0.00000446 BTC.

Algorand Coin Profile

Algorand 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 8,335,646,903 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand 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.”

Algorand Coin Trading

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

ALGO/USD price chart by TradingView