Algorand (ALGO) Tops 24-Hour Trading Volume of $25.32 Million

Algorand (ALGO) traded up 2.7% against the US dollar during the 1-day period ending at 9:00 AM ET on July 2nd. One Algorand coin can now be purchased for $0.15 or 0.00000239 BTC on popular cryptocurrency exchanges. Algorand has a total market capitalization of $1.23 billion and $25.32 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded 7.7% higher against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 4.9% lower against the dollar and now trades at $28.33 or 0.00045071 BTC.
• NEAR Protocol (NEAR) traded 3.1% higher against the dollar and now trades at $5.45 or 0.00008675 BTC.
• Internet Computer (ICP) traded 1.9% lower against the dollar and now trades at $8.01 or 0.00012740 BTC.
• Hedera (HBAR) traded 2.3% higher against the dollar and now trades at $0.0782 or 0.00000124 BTC.
• Cosmos (ATOM) traded up 2.8% against the dollar and now trades at $6.93 or 0.00011023 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0906 or 0.00000144 BTC.
• Fetch.ai (FET) traded down 2.7% against the dollar and now trades at $1.35 or 0.00002140 BTC.
• Akash Network (AKT) traded 7.5% higher against the dollar and now trades at $3.84 or 0.00006109 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0770 or 0.00000122 BTC.
• Kava (KAVA) traded down 0.6% against the dollar and now trades at $0.43 or 0.00000685 BTC.

About Algorand

Algorand uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,182,202,722 coins. Algorand’s official website 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView