Algorand (ALGO) One Day Trading Volume Hits $153.63 Million

Algorand (ALGO) traded down 2.1% against the U.S. dollar during the one day period ending at 14:00 PM ET on August 5th. Algorand has a market cap of $908.97 million and approximately $153.63 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 21.1% lower against the U.S. dollar. One Algorand coin can currently be purchased for approximately $0.11 or 0.00000206 BTC on exchanges.

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

• Avalanche (AVAX) traded down 6.8% against the dollar and now trades at $19.67 or 0.00036640 BTC.
• NEAR Protocol (NEAR) traded down 14% against the dollar and now trades at $3.51 or 0.00006539 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $7.11 or 0.00013246 BTC.
• Cronos (CRO) traded 5.9% lower against the dollar and now trades at $0.0742 or 0.00000138 BTC.
• Hedera (HBAR) traded 4.6% lower against the dollar and now trades at $0.0522 or 0.00000097 BTC.
• Cosmos (ATOM) traded down 5.2% against the dollar and now trades at $4.68 or 0.00008709 BTC.
• Fetch.ai (FET) traded down 13.4% against the dollar and now trades at $0.79 or 0.00001469 BTC.
• Akash Network (AKT) traded 5.5% lower against the dollar and now trades at $2.06 or 0.00003784 BTC.
• Theta Fuel (TFUEL) traded down 4.4% against the dollar and now trades at $0.0493 or 0.00000092 BTC.
• Kava (KAVA) traded 9.2% lower against the dollar and now trades at $0.28 or 0.00000524 BTC.

Algorand Profile

Algorand 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 8,226,754,895 coins. 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. 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView