Algorand 24-Hour Trading Volume Tops $44.84 Million (ALGO)

Algorand (ALGO) traded 0.1% lower against the US dollar during the 1-day period ending at 7:00 AM E.T. on April 23rd. During the last week, Algorand has traded up 10.5% against the US dollar. One Algorand coin can now be purchased for $0.19 or 0.00000291 BTC on popular exchanges. Algorand has a total market cap of $1.57 billion and approximately $44.84 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $38.42 or 0.00057966 BTC.
• NEAR Protocol (NEAR) traded up 5.1% against the dollar and now trades at $7.19 or 0.00010843 BTC.
• Internet Computer (ICP) traded down 4.7% against the dollar and now trades at $14.84 or 0.00022381 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $8.79 or 0.00013265 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.0881 or 0.00000133 BTC.
• Fetch.ai (FET) traded 0.7% lower against the dollar and now trades at $2.45 or 0.00003694 BTC.
• Akash Network (AKT) traded 44.9% higher against the dollar and now trades at $6.00 or 0.00009043 BTC.
• Kava (KAVA) traded up 0.8% against the dollar and now trades at $0.74 or 0.00001120 BTC.
• Theta Fuel (TFUEL) traded 11.7% higher against the dollar and now trades at $0.11 or 0.00000168 BTC.

About Algorand

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 8,133,116,826 coins. The official website for Algorand is algorand.foundation. 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 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 U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView