Algorand Tops 24-Hour Trading Volume of $33.13 Million (ALGO)

Algorand (ALGO) traded 0.5% lower against the dollar during the 24 hour period ending at 20:00 PM E.T. on September 25th. During the last seven days, Algorand has traded up 6.2% against the dollar. Algorand has a market capitalization of $1.13 billion and $33.13 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for $0.14 or 0.00000217 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $27.30 or 0.00043176 BTC.
• NEAR Protocol (NEAR) traded 3.9% lower against the dollar and now trades at $5.18 or 0.00008189 BTC.
• Internet Computer (ICP) traded 3.6% lower against the dollar and now trades at $9.08 or 0.00014362 BTC.
• Cronos (CRO) traded down 2.2% against the dollar and now trades at $0.0849 or 0.00000134 BTC.
• Hedera (HBAR) traded 1.3% higher against the dollar and now trades at $0.0581 or 0.00000092 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $4.78 or 0.00007564 BTC.
• Fetch.ai (FET) traded 4.4% lower against the dollar and now trades at $1.63 or 0.00002585 BTC.
• Akash Network (AKT) traded 3.3% lower against the dollar and now trades at $2.81 or 0.00004461 BTC.
• Theta Fuel (TFUEL) traded 3.1% higher against the dollar and now trades at $0.0688 or 0.00000109 BTC.
• Kava (KAVA) traded down 0.2% against the dollar and now trades at $0.38 or 0.00000601 BTC.

Algorand Coin 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 8,258,395,091 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 Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand 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 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView