Algorand (ALGO) Hits 1-Day Trading Volume of $25.39 Million

Algorand (ALGO) traded up 0.8% against the dollar during the 24-hour period ending at 20:00 PM E.T. on August 13th. In the last seven days, Algorand has traded up 7.5% against the dollar. Algorand has a total market capitalization of $995.47 million and approximately $25.39 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for $0.12 or 0.00000200 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $21.35 or 0.00035229 BTC.
• NEAR Protocol (NEAR) traded up 4.7% against the dollar and now trades at $4.29 or 0.00007086 BTC.
• Internet Computer (ICP) traded 0.8% higher against the dollar and now trades at $7.36 or 0.00012139 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0886 or 0.00000146 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $5.00 or 0.00008247 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.0542 or 0.00000089 BTC.
• Fetch.ai (FET) traded up 1.1% against the dollar and now trades at $0.88 or 0.00001447 BTC.
• Akash Network (AKT) traded 6.8% higher against the dollar and now trades at $2.79 or 0.00004608 BTC.
• Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.0580 or 0.00000096 BTC.
• Kava (KAVA) traded 1.1% higher against the dollar and now trades at $0.33 or 0.00000550 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) 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 8,227,165,152 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 message board is forum.algorand.org. 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.”

Algorand Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView