Algorand (ALGO) 1-Day Trading Volume Tops $30.93 Million

Algorand (ALGO) traded up 0.7% against the U.S. dollar during the 1 day period ending at 18:00 PM E.T. on July 29th. One Algorand coin can now be purchased for $0.14 or 0.00000207 BTC on exchanges. In the last seven days, Algorand has traded down 9% against the U.S. dollar. Algorand has a total market cap of $1.14 billion and approximately $30.93 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 0.3% lower against the dollar and now trades at $27.31 or 0.00040583 BTC.
• NEAR Protocol (NEAR) traded 2.3% lower against the dollar and now trades at $5.33 or 0.00007917 BTC.
• Internet Computer (ICP) traded down 3.6% against the dollar and now trades at $9.03 or 0.00013415 BTC.
• Cosmos (ATOM) traded 1.2% lower against the dollar and now trades at $6.15 or 0.00009140 BTC.
• Hedera (HBAR) traded down 0.4% against the dollar and now trades at $0.0670 or 0.00000100 BTC.
• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0901 or 0.00000134 BTC.
• Fetch.ai (FET) traded down 0.8% against the dollar and now trades at $1.23 or 0.00001827 BTC.
• Akash Network (AKT) traded 2.1% lower against the dollar and now trades at $3.18 or 0.00004739 BTC.
• Theta Fuel (TFUEL) traded up 0.8% against the dollar and now trades at $0.0692 or 0.00000103 BTC.
• Kava (KAVA) traded up 0.8% against the dollar and now trades at $0.42 or 0.00000620 BTC.

Algorand Profile

ALGO 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 8,226,791,556 coins. The official website for Algorand is algorand.foundation. 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 message board 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 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView