Algorand Tops 24 Hour Trading Volume of $20.66 Million (ALGO)

Algorand (ALGO) traded 1.7% higher against the US dollar during the 1-day period ending at 12:00 PM ET on July 27th. One Algorand coin can currently be purchased for $0.14 or 0.00000208 BTC on cryptocurrency exchanges. Algorand has a total market capitalization of $1.18 billion and $20.66 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded down 10.5% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $28.72 or 0.00041753 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $5.71 or 0.00008296 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $9.67 or 0.00014059 BTC.
• Hedera (HBAR) traded 1.5% higher against the dollar and now trades at $0.0688 or 0.00000100 BTC.
• Cosmos (ATOM) traded up 2.7% against the dollar and now trades at $6.31 or 0.00009170 BTC.
• Cronos (CRO) traded up 0.5% against the dollar and now trades at $0.0913 or 0.00000133 BTC.
• Fetch.ai (FET) traded up 2.4% against the dollar and now trades at $1.30 or 0.00001895 BTC.
• Akash Network (AKT) traded 2.4% higher against the dollar and now trades at $3.24 or 0.00004711 BTC.
• Theta Fuel (TFUEL) traded 1.3% higher against the dollar and now trades at $0.0690 or 0.00000100 BTC.
• Kava (KAVA) traded 0.1% higher against the dollar and now trades at $0.42 or 0.00000613 BTC.

Algorand Profile

Algorand 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 8,226,857,754 coins. The official message board for Algorand is forum.algorand.org. The official website for Algorand is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here.

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 U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView