Algorand (ALGO) Reaches One Day Trading Volume of $22.98 Million

Algorand (ALGO) traded 4.4% higher against the U.S. dollar during the one day period ending at 14:00 PM Eastern on October 11th. One Algorand coin can now be bought for approximately $0.12 or 0.00000193 BTC on major exchanges. Over the last week, Algorand has traded 3.8% lower against the U.S. dollar. Algorand has a market capitalization of $1.01 billion and $22.98 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded up 5.9% against the dollar and now trades at $26.91 or 0.00042795 BTC.
• NEAR Protocol (NEAR) traded 6.8% higher against the dollar and now trades at $4.77 or 0.00007578 BTC.
• Internet Computer (ICP) traded up 3.9% against the dollar and now trades at $8.12 or 0.00012912 BTC.
• Cronos (CRO) traded 4.1% higher against the dollar and now trades at $0.0779 or 0.00000124 BTC.
• Hedera (HBAR) traded up 4.1% against the dollar and now trades at $0.0515 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.1% higher against the dollar and now trades at $4.28 or 0.00006813 BTC.
• Fetch.ai (FET) traded up 10.6% against the dollar and now trades at $1.41 or 0.00002245 BTC.
• Akash Network (AKT) traded 5.7% higher against the dollar and now trades at $2.42 or 0.00003884 BTC.
• Theta Fuel (TFUEL) traded up 7.4% against the dollar and now trades at $0.0605 or 0.00000096 BTC.
• Kava (KAVA) traded up 9.8% against the dollar and now trades at $0.34 or 0.00000546 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,314,431,657 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView