Algorand (ALGO) 24 Hour Trading Volume Tops $26.93 Million

Algorand (ALGO) traded up 5.9% against the US dollar during the one day period ending at 22:00 PM ET on October 14th. During the last week, Algorand has traded up 1.3% against the US dollar. One Algorand coin can currently be purchased for about $0.13 or 0.00000193 BTC on cryptocurrency exchanges. Algorand has a total market cap of $1.06 billion and $26.93 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 0.2% against the dollar and now trades at $28.94 or 0.00043949 BTC.
• NEAR Protocol (NEAR) traded up 7.1% against the dollar and now trades at $4.98 or 0.00007563 BTC.
• Internet Computer (ICP) traded 7.8% higher against the dollar and now trades at $8.44 or 0.00012816 BTC.
• Cronos (CRO) traded up 3.8% against the dollar and now trades at $0.0785 or 0.00000119 BTC.
• Hedera (HBAR) traded 9.5% higher against the dollar and now trades at $0.0553 or 0.00000084 BTC.
• Cosmos (ATOM) traded 5.2% higher against the dollar and now trades at $4.53 or 0.00006881 BTC.
• Fetch.ai (FET) traded up 5% against the dollar and now trades at $1.50 or 0.00002276 BTC.
• Akash Network (AKT) traded up 3.2% against the dollar and now trades at $2.55 or 0.00003851 BTC.
• Theta Fuel (TFUEL) traded up 4.6% against the dollar and now trades at $0.0629 or 0.00000095 BTC.
• Kava (KAVA) traded up 6.1% against the dollar and now trades at $0.36 or 0.00000546 BTC.

Algorand 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 8,314,683,149 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. 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 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView