Algorand 1-Day Volume Reaches $29.93 Million (ALGO)

Algorand (ALGO) traded up 5.8% against the dollar during the 1-day period ending at 20:00 PM E.T. on November 5th. In the last seven days, Algorand has traded down 5.6% against the dollar. One Algorand coin can now be purchased for $0.12 or 0.00000164 BTC on popular cryptocurrency exchanges. Algorand has a market capitalization of $967.48 million and approximately $29.93 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 8.6% against the dollar and now trades at $24.63 or 0.00034729 BTC.
• NEAR Protocol (NEAR) traded up 7.4% against the dollar and now trades at $3.90 or 0.00005500 BTC.
• Internet Computer (ICP) traded 7.1% higher against the dollar and now trades at $7.53 or 0.00010619 BTC.
• Fetch.ai (FET) traded 13.7% higher against the dollar and now trades at $1.28 or 0.00001808 BTC.
• Cronos (CRO) traded up 3.1% against the dollar and now trades at $0.0729 or 0.00000103 BTC.
• Hedera (HBAR) traded 11% higher against the dollar and now trades at $0.0475 or 0.00000067 BTC.
• Cosmos (ATOM) traded up 8.6% against the dollar and now trades at $4.27 or 0.00006025 BTC.
• Akash Network (AKT) traded 6.4% higher against the dollar and now trades at $2.31 or 0.00003348 BTC.
• Theta Fuel (TFUEL) traded 6.9% higher against the dollar and now trades at $0.0518 or 0.00000073 BTC.
• Kava (KAVA) traded 7% higher against the dollar and now trades at $0.32 or 0.00000447 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,335,642,838 coins. The official message board for Algorand 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 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 possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView