Algorand Hits One Day Trading Volume of $628.18 Million (ALGO)

Algorand (ALGO) traded down 1.1% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on December 8th. Algorand has a total market cap of $4.12 billion and approximately $628.18 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded 2.6% higher against the U.S. dollar. One Algorand coin can now be bought for approximately $0.50 or 0.00000496 BTC on cryptocurrency exchanges.

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

• Avalanche (AVAX) traded up 0.7% against the dollar and now trades at $52.43 or 0.00052433 BTC.
• Hedera (HBAR) traded down 0.9% against the dollar and now trades at $0.33 or 0.00000330 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $7.63 or 0.00007628 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $14.27 or 0.00014271 BTC.
• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.20 or 0.00000199 BTC.
• Fetch.ai (FET) traded 1.9% lower against the dollar and now trades at $2.04 or 0.00002043 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $10.05 or 0.00010048 BTC.
• Akash Network (AKT) traded down 0.3% against the dollar and now trades at $4.56 or 0.00004562 BTC.
• Kava (KAVA) traded 0.8% lower against the dollar and now trades at $0.70 or 0.00000704 BTC.
• Theta Fuel (TFUEL) traded 2.1% lower against the dollar and now trades at $0.0916 or 0.00000092 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 8,304,654,882 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 message board for Algorand 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.”

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, Changelly or GDAX. 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