Algorand (ALGO) Hits 24 Hour Volume of $459.77 Million

Algorand (ALGO) traded down 1.4% against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on January 17th. During the last week, Algorand has traded 23.1% higher against the U.S. dollar. One Algorand coin can now be purchased for $0.47 or 0.00000446 BTC on major cryptocurrency exchanges. Algorand has a market capitalization of $3.94 billion and $459.77 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $40.97 or 0.00038810 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.37 or 0.00000351 BTC.
• NEAR Protocol (NEAR) traded up 6.6% against the dollar and now trades at $5.59 or 0.00005298 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $11.23 or 0.00010641 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.15 or 0.00000138 BTC.
• Fetch.ai (FET) traded up 2.2% against the dollar and now trades at $1.39 or 0.00001314 BTC.
• Cosmos (ATOM) traded 3% higher against the dollar and now trades at $6.91 or 0.00006546 BTC.
• Akash Network (AKT) traded up 3.8% against the dollar and now trades at $3.23 or 0.00003084 BTC.
• Kava (KAVA) traded up 1.9% against the dollar and now trades at $0.51 or 0.00000484 BTC.
• Theta Fuel (TFUEL) traded 1.5% higher against the dollar and now trades at $0.0701 or 0.00000066 BTC.

Algorand Coin Profile

ALGO 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 8,380,905,552 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. Algorand’s official message board is forum.algorand.org. 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 buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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