Algorand (ALGO) One Day Trading Volume Tops $87.47 Million

Algorand (ALGO) traded down 2.1% against the US dollar during the 1-day period ending at 0:00 AM ET on May 23rd. In the last seven days, Algorand has traded up 5.1% against the US dollar. One Algorand coin can currently be bought for approximately $0.18 or 0.00000271 BTC on cryptocurrency exchanges. Algorand has a total market cap of $1.50 billion and approximately $87.47 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Avalanche (AVAX) traded down 3% against the dollar and now trades at $38.77 or 0.00057282 BTC.
  • NEAR Protocol (NEAR) traded down 2.1% against the dollar and now trades at $7.92 or 0.00011710 BTC.
  • Internet Computer (ICP) traded 4.2% lower against the dollar and now trades at $12.38 or 0.00018291 BTC.
  • Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.11 or 0.00000162 BTC.
  • Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $8.45 or 0.00012487 BTC.
  • Cronos (CRO) traded 2.6% lower against the dollar and now trades at $0.12 or 0.00000181 BTC.
  • Fetch.ai (FET) traded down 4.4% against the dollar and now trades at $2.39 or 0.00003535 BTC.
  • Akash Network (AKT) traded 6.5% lower against the dollar and now trades at $5.44 or 0.00008048 BTC.
  • Kava (KAVA) traded down 3.9% against the dollar and now trades at $0.67 or 0.00000983 BTC.
  • Theta Fuel (TFUEL) traded down 2.3% against the dollar and now trades at $0.11 or 0.00000157 BTC.

Algorand Profile

Algorand 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 8,164,203,403 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

Receive News & Updates for Algorand Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Algorand and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.