Algorand (ALGO) Tops 24 Hour Volume of $38.97 Million

Algorand (ALGO) traded 6.7% lower against the dollar during the 1-day period ending at 21:00 PM Eastern on July 23rd. Algorand has a total market capitalization of $1.17 billion and $38.97 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded down 11.9% against the dollar. One Algorand coin can currently be bought for $0.14 or 0.00000216 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded down 9.4% against the dollar and now trades at $28.95 or 0.00044059 BTC.
• NEAR Protocol (NEAR) traded 6.6% lower against the dollar and now trades at $5.68 or 0.00008644 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $9.71 or 0.00014776 BTC.
• Cronos (CRO) traded down 1.6% against the dollar and now trades at $0.0921 or 0.00000140 BTC.
• Hedera (HBAR) traded down 4.3% against the dollar and now trades at $0.0678 or 0.00000103 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $6.17 or 0.00009384 BTC.
• Fetch.ai (FET) traded down 7.6% against the dollar and now trades at $1.28 or 0.00001953 BTC.
• Akash Network (AKT) traded 6.2% lower against the dollar and now trades at $3.32 or 0.00005047 BTC.
• Theta Fuel (TFUEL) traded 4% lower against the dollar and now trades at $0.0687 or 0.00000105 BTC.
• Kava (KAVA) traded down 2.5% against the dollar and now trades at $0.41 or 0.00000617 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,226,818,926 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. Algorand’s official website 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.”

Buying and Selling Algorand

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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