Algorand (ALGO) Reaches 1-Day Trading Volume of $33.46 Million

Algorand (ALGO) traded 3.1% higher against the U.S. dollar during the 24 hour period ending at 11:00 AM E.T. on July 26th. Algorand has a total market capitalization of $1.15 billion and approximately $33.46 million worth of Algorand was traded on exchanges in the last day. In the last seven days, Algorand has traded 10.4% lower against the U.S. dollar. One Algorand coin can now be purchased for approximately $0.14 or 0.00000208 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $27.82 or 0.00041435 BTC.
• NEAR Protocol (NEAR) traded up 4.9% against the dollar and now trades at $5.65 or 0.00008421 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $9.58 or 0.00014270 BTC.
• Hedera (HBAR) traded 3% higher against the dollar and now trades at $0.0671 or 0.00000100 BTC.
• Cronos (CRO) traded 1.2% higher against the dollar and now trades at $0.0903 or 0.00000134 BTC.
• Cosmos (ATOM) traded 4.4% higher against the dollar and now trades at $6.09 or 0.00009073 BTC.
• Fetch.ai (FET) traded up 4.9% against the dollar and now trades at $1.27 or 0.00001884 BTC.
• Akash Network (AKT) traded up 2.7% against the dollar and now trades at $3.14 or 0.00004637 BTC.
• Kava (KAVA) traded 7.6% higher against the dollar and now trades at $0.41 or 0.00000617 BTC.
• Theta Fuel (TFUEL) traded up 2.4% against the dollar and now trades at $0.0675 or 0.00000100 BTC.

Algorand Coin Profile

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 8,226,863,613 coins. Algorand’s official message board is forum.algorand.org. 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. 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.”

Buying and Selling Algorand

It is usually not currently 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 Coinbase, Changelly or Gemini. 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