Algorand (ALGO) One Day Trading Volume Tops $152.91 Million

Algorand (ALGO) traded 4.7% lower against the US dollar during the 24-hour period ending at 19:00 PM Eastern on April 25th. One Algorand coin can now be purchased for approximately $0.20 or 0.00000313 BTC on exchanges. Algorand has a market cap of $1.64 billion and approximately $152.91 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded up 15.2% against the US dollar.

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

• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $35.63 or 0.00055138 BTC.
• NEAR Protocol (NEAR) traded up 4.5% against the dollar and now trades at $7.12 or 0.00011016 BTC.
• Internet Computer (ICP) traded 0.9% higher against the dollar and now trades at $13.74 or 0.00021268 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Cronos (CRO) traded up 3.1% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $8.34 or 0.00012902 BTC.
• Fetch.ai (FET) traded 3% higher against the dollar and now trades at $2.32 or 0.00003594 BTC.
• Akash Network (AKT) traded down 0.9% against the dollar and now trades at $4.91 or 0.00007588 BTC.
• Theta Fuel (TFUEL) traded up 6.7% against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Kava (KAVA) traded down 2.5% against the dollar and now trades at $0.71 or 0.00001106 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,138,093,902 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. Algorand’s official message board is forum.algorand.org. Algorand’s official website 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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