Algorand 24-Hour Trading Volume Reaches $26.28 Million (ALGO)

Algorand (ALGO) traded 1.2% lower against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on January 9th. During the last seven days, Algorand has traded down 12.4% against the dollar. One Algorand coin can currently be bought for $0.35 or 0.00000375 BTC on popular cryptocurrency exchanges. Algorand has a total market capitalization of $2.91 billion and $26.28 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 2.1% lower against the dollar and now trades at $36.54 or 0.00039415 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.27 or 0.00000292 BTC.
• NEAR Protocol (NEAR) traded 2.3% lower against the dollar and now trades at $4.99 or 0.00005380 BTC.
• Internet Computer (ICP) traded 5.7% lower against the dollar and now trades at $10.27 or 0.00011078 BTC.
• Cronos (CRO) traded 2.9% lower against the dollar and now trades at $0.14 or 0.00000150 BTC.
• Fetch.ai (FET) traded 1.6% lower against the dollar and now trades at $1.30 or 0.00001400 BTC.
• Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $6.41 or 0.00006918 BTC.
• Akash Network (AKT) traded 3.1% lower against the dollar and now trades at $3.10 or 0.00003316 BTC.
• Kava (KAVA) traded 2.2% higher against the dollar and now trades at $0.49 or 0.00000534 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0667 or 0.00000072 BTC.

About Algorand

ALGO uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,356,851,434 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 presently 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 GDAX, Changelly or Coinbase. 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