Algorand (ALGO) 24-Hour Trading Volume Reaches $120.29 Million

Algorand (ALGO) traded 4.1% higher against the US dollar during the one day period ending at 13:00 PM Eastern on February 14th. In the last week, Algorand has traded up 7.8% against the US dollar. One Algorand coin can currently be bought for $0.30 or 0.00000310 BTC on major exchanges. Algorand has a market cap of $2.57 billion and approximately $120.29 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 6.3% higher against the dollar and now trades at $26.92 or 0.00027360 BTC.
• Hedera (HBAR) traded 7.2% higher against the dollar and now trades at $0.24 or 0.00000240 BTC.
• NEAR Protocol (NEAR) traded 8.2% higher against the dollar and now trades at $3.59 or 0.00003649 BTC.
• Internet Computer (ICP) traded 4.1% higher against the dollar and now trades at $7.35 or 0.00007467 BTC.
• Cronos (CRO) traded up 2.3% against the dollar and now trades at $0.0926 or 0.00000094 BTC.
• Fetch.ai (FET) traded up 7.6% against the dollar and now trades at $0.83 or 0.00000847 BTC.
• Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $5.03 or 0.00005111 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $0.49 or 0.00000499 BTC.
• Akash Network (AKT) traded up 1.9% against the dollar and now trades at $1.93 or 0.00001956 BTC.
• Theta Fuel (TFUEL) traded 2.6% higher against the dollar and now trades at $0.0508 or 0.00000052 BTC.

Algorand Profile

Algorand 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 8,440,202,110 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org. 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.

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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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