Algorand (ALGO) 24-Hour Volume Reaches $25.83 Million

Algorand (ALGO) traded 1.7% lower against the US dollar during the one day period ending at 20:00 PM Eastern on July 30th. Algorand has a total market capitalization of $1.13 billion and approximately $25.83 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for about $0.14 or 0.00000207 BTC on exchanges. In the last week, Algorand has traded down 4.4% against the US dollar.

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

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $26.25 or 0.00039663 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $5.16 or 0.00007792 BTC.
• Internet Computer (ICP) traded 1.1% lower against the dollar and now trades at $8.82 or 0.00013329 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.0889 or 0.00000134 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0657 or 0.00000099 BTC.
• Cosmos (ATOM) traded 2.2% lower against the dollar and now trades at $5.99 or 0.00009052 BTC.
• Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.19 or 0.00001793 BTC.
• Akash Network (AKT) traded down 5.8% against the dollar and now trades at $2.97 or 0.00004491 BTC.
• Kava (KAVA) traded down 3.7% against the dollar and now trades at $0.40 or 0.00000606 BTC.
• Theta Fuel (TFUEL) traded 4.9% lower against the dollar and now trades at $0.0654 or 0.00000099 BTC.

Algorand Profile

Algorand 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 8,226,785,369 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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. 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.”

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 exchanges listed above.

ALGO/USD price chart by TradingView