Algorand (ALGO) Tops 1-Day Volume of $20.41 Million

Algorand (ALGO) traded 0.1% lower against the dollar during the 1-day period ending at 20:00 PM ET on September 29th. Algorand has a market capitalization of $1.16 billion and $20.41 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for about $0.14 or 0.00000214 BTC on major cryptocurrency exchanges. In the last seven days, Algorand has traded 6.6% higher against the dollar.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 1% against the dollar and now trades at $28.95 or 0.00044136 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $5.44 or 0.00008297 BTC.
• Internet Computer (ICP) traded down 0.6% against the dollar and now trades at $9.59 or 0.00014613 BTC.
• Hedera (HBAR) traded 0.4% higher against the dollar and now trades at $0.0611 or 0.00000093 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0862 or 0.00000131 BTC.
• Cosmos (ATOM) traded 0.4% higher against the dollar and now trades at $5.02 or 0.00007651 BTC.
• Fetch.ai (FET) traded up 0.9% against the dollar and now trades at $1.61 or 0.00002447 BTC.
• Akash Network (AKT) traded 0.8% lower against the dollar and now trades at $2.94 or 0.00004486 BTC.
• Theta Fuel (TFUEL) traded down 2.1% against the dollar and now trades at $0.0698 or 0.00000106 BTC.
• Kava (KAVA) traded 3.1% lower against the dollar and now trades at $0.39 or 0.00000589 BTC.

Algorand Coin Profile

Algorand 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 8,265,212,638 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The official message board for Algorand 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.

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

ALGO/USD price chart by TradingView