Algorand Reaches 24-Hour Trading Volume of $32.18 Million (ALGO)

Algorand (ALGO) traded up 2.3% against the dollar during the 1-day period ending at 7:00 AM E.T. on November 5th. Algorand has a total market cap of $939.14 million and $32.18 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded 6.9% lower against the dollar. One Algorand coin can now be purchased for $0.11 or 0.00000164 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded down 1.4% against the dollar and now trades at $23.27 or 0.00033783 BTC.
• NEAR Protocol (NEAR) traded 1.3% higher against the dollar and now trades at $3.72 or 0.00005398 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $7.14 or 0.00010363 BTC.
• Fetch.ai (FET) traded up 2.1% against the dollar and now trades at $1.17 or 0.00001699 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0721 or 0.00000105 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.0445 or 0.00000065 BTC.
• Cosmos (ATOM) traded up 1.4% against the dollar and now trades at $4.03 or 0.00005848 BTC.
• Akash Network (AKT) traded 1.1% higher against the dollar and now trades at $2.23 or 0.00003245 BTC.
• Theta Fuel (TFUEL) traded 1.9% lower against the dollar and now trades at $0.0497 or 0.00000072 BTC.
• Kava (KAVA) traded 1.1% lower against the dollar and now trades at $0.30 or 0.00000438 BTC.

Algorand Coin 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 8,335,650,082 coins. Algorand’s official website is algorand.foundation. 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.

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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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