Algorand (ALGO) One Day Trading Volume Reaches $70.27 Million

Algorand (ALGO) traded 5.4% higher against the dollar during the one day period ending at 21:00 PM ET on April 23rd. One Algorand coin can now be purchased for $0.21 or 0.00000308 BTC on major cryptocurrency exchanges. During the last seven days, Algorand has traded up 19.3% against the dollar. Algorand has a total market cap of $1.67 billion and $70.27 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 1% against the dollar and now trades at $39.07 or 0.00058494 BTC.
• NEAR Protocol (NEAR) traded 0.8% higher against the dollar and now trades at $7.06 or 0.00010570 BTC.
• Internet Computer (ICP) traded down 3.6% against the dollar and now trades at $14.67 or 0.00021958 BTC.
• Hedera (HBAR) traded up 69.4% against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $8.74 or 0.00013089 BTC.
• Fetch.ai (FET) traded down 3.2% against the dollar and now trades at $2.47 or 0.00003699 BTC.
• Akash Network (AKT) traded 24.9% higher against the dollar and now trades at $5.09 or 0.00007681 BTC.
• Kava (KAVA) traded up 2.7% against the dollar and now trades at $0.77 or 0.00001145 BTC.
• Theta Fuel (TFUEL) traded down 2.7% against the dollar and now trades at $0.11 or 0.00000169 BTC.

Algorand Profile

Algorand (CRYPTO: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 8,133,111,425 coins. The official website for Algorand 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.”

Buying and Selling Algorand

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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