Algorand (ALGO) 24-Hour Volume Tops $79.12 Million

Algorand (ALGO) traded up 2.7% against the dollar during the twenty-four hour period ending at 0:00 AM ET on April 16th. Algorand has a market capitalization of $1.41 billion and approximately $79.12 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be purchased for approximately $0.17 or 0.00000271 BTC on major exchanges. Over the last week, Algorand has traded 24% lower against the dollar.

Here is how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 1.6% higher against the dollar and now trades at $34.89 or 0.00054517 BTC.
• NEAR Protocol (NEAR) traded 6.3% higher against the dollar and now trades at $5.37 or 0.00008384 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $12.28 or 0.00019180 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Cosmos (ATOM) traded up 2.3% against the dollar and now trades at $8.14 or 0.00012722 BTC.
• Hedera (HBAR) traded 3% higher against the dollar and now trades at $0.0800 or 0.00000125 BTC.
• Fetch.ai (FET) traded 2.2% higher against the dollar and now trades at $2.06 or 0.00003211 BTC.
• Akash Network (AKT) traded 12.2% higher against the dollar and now trades at $4.00 or 0.00006256 BTC.
• Kava (KAVA) traded up 3.1% against the dollar and now trades at $0.65 or 0.00001013 BTC.
• Theta Fuel (TFUEL) traded 2.8% higher against the dollar and now trades at $0.0852 or 0.00000133 BTC.

Algorand Profile

Algorand (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 8,130,180,330 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand is algorand.foundation. The official message board for Algorand is forum.algorand.org.

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 buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView