Algorand (ALGO) One Day Trading Volume Reaches $19.18 Million

Algorand (ALGO) traded down 0.4% against the dollar during the 1-day period ending at 16:00 PM E.T. on November 2nd. Algorand has a total market capitalization of $950.44 million and approximately $19.18 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded up 0.6% against the dollar. One Algorand coin can now be bought for approximately $0.11 or 0.00000164 BTC on exchanges.

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

• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $24.17 or 0.00034767 BTC.
• NEAR Protocol (NEAR) traded down 2.8% against the dollar and now trades at $3.86 or 0.00005557 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $7.59 or 0.00010922 BTC.
• Fetch.ai (FET) traded down 3.6% against the dollar and now trades at $1.19 or 0.00001712 BTC.
• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.0722 or 0.00000104 BTC.
• Hedera (HBAR) traded down 1.6% against the dollar and now trades at $0.0450 or 0.00000065 BTC.
• Cosmos (ATOM) traded 2% lower against the dollar and now trades at $4.09 or 0.00005878 BTC.
• Akash Network (AKT) traded 5.4% lower against the dollar and now trades at $2.26 or 0.00003252 BTC.
• Theta Fuel (TFUEL) traded 1% lower against the dollar and now trades at $0.0510 or 0.00000073 BTC.
• Kava (KAVA) traded 1.7% lower against the dollar and now trades at $0.32 or 0.00000456 BTC.

Algorand Profile

Algorand (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 8,335,681,692 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is algorand.foundation. 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.

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 possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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