Algorand One Day Trading Volume Hits $21.61 Million (ALGO)

Algorand (ALGO) traded 4.2% lower against the U.S. dollar during the one day period ending at 19:00 PM ET on September 5th. Algorand has a total market capitalization of $969.46 million and $21.61 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for $0.12 or 0.00000210 BTC on exchanges. During the last seven days, Algorand has traded down 6.7% against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 2.8% against the dollar and now trades at $21.44 or 0.00038208 BTC.
• NEAR Protocol (NEAR) traded down 4.9% against the dollar and now trades at $3.72 or 0.00006637 BTC.
• Internet Computer (ICP) traded 5.2% lower against the dollar and now trades at $7.23 or 0.00012891 BTC.
• Cronos (CRO) traded 1.8% lower against the dollar and now trades at $0.0774 or 0.00000138 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.0481 or 0.00000086 BTC.
• Cosmos (ATOM) traded down 4.5% against the dollar and now trades at $3.91 or 0.00006963 BTC.
• Fetch.ai (FET) traded down 5.9% against the dollar and now trades at $1.08 or 0.00001926 BTC.
• Akash Network (AKT) traded down 1.4% against the dollar and now trades at $2.25 or 0.00004006 BTC.
• Theta Fuel (TFUEL) traded 1.8% lower against the dollar and now trades at $0.0535 or 0.00000095 BTC.
• Kava (KAVA) traded 2.8% lower against the dollar and now trades at $0.29 or 0.00000512 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 8,227,584,275 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.”

Buying and Selling Algorand

It is usually not possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase 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 purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView