Algorand 1-Day Trading Volume Tops $24.97 Million (ALGO)

Algorand (ALGO) traded down 1.8% against the dollar during the 1 day period ending at 14:00 PM ET on June 26th. One Algorand coin can currently be bought for $0.14 or 0.00000229 BTC on cryptocurrency exchanges. Algorand has a total market capitalization of $1.14 billion and $24.97 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded 0.3% higher against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 2.1% higher against the dollar and now trades at $25.85 or 0.00042330 BTC.
• NEAR Protocol (NEAR) traded down 5.5% against the dollar and now trades at $5.18 or 0.00008483 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $8.12 or 0.00013289 BTC.
• Hedera (HBAR) traded 5% lower against the dollar and now trades at $0.0757 or 0.00000124 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $6.78 or 0.00011103 BTC.
• Cronos (CRO) traded 4.1% lower against the dollar and now trades at $0.0890 or 0.00000146 BTC.
• Fetch.ai (FET) traded up 11.4% against the dollar and now trades at $1.77 or 0.00002897 BTC.
• Akash Network (AKT) traded 6.2% lower against the dollar and now trades at $2.93 or 0.00004811 BTC.
• Kava (KAVA) traded 3.3% lower against the dollar and now trades at $0.45 or 0.00000739 BTC.
• Theta Fuel (TFUEL) traded down 3.2% against the dollar and now trades at $0.0732 or 0.00000120 BTC.

Algorand Coin Profile

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 8,179,669,428 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. Algorand’s official message board is forum.algorand.org.

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 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 Gemini, GDAX or Coinbase. 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