Algorand One Day Volume Hits $26.40 Million (ALGO)

Algorand (ALGO) traded up 1.6% against the dollar during the 1 day period ending at 15:00 PM ET on June 27th. In the last week, Algorand has traded up 2.8% against the dollar. One Algorand coin can now be bought for $0.14 or 0.00000233 BTC on exchanges. Algorand has a market capitalization of $1.17 billion and approximately $26.40 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 6.1% higher against the dollar and now trades at $28.03 or 0.00045628 BTC.
• NEAR Protocol (NEAR) traded 0.3% higher against the dollar and now trades at $5.23 or 0.00008522 BTC.
• Internet Computer (ICP) traded up 1.2% against the dollar and now trades at $8.25 or 0.00013436 BTC.
• Hedera (HBAR) traded 4.5% higher against the dollar and now trades at $0.0790 or 0.00000129 BTC.
• Cosmos (ATOM) traded up 2.7% against the dollar and now trades at $6.99 or 0.00011374 BTC.
• Cronos (CRO) traded 2.8% higher against the dollar and now trades at $0.0913 or 0.00000149 BTC.
• Fetch.ai (FET) traded 13.7% lower against the dollar and now trades at $1.53 or 0.00002489 BTC.
• Akash Network (AKT) traded 12.6% higher against the dollar and now trades at $3.31 or 0.00005382 BTC.
• Theta Fuel (TFUEL) traded up 7.4% against the dollar and now trades at $0.0785 or 0.00000128 BTC.
• Kava (KAVA) traded down 0.9% against the dollar and now trades at $0.45 or 0.00000732 BTC.

Algorand Coin 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 8,179,652,114 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board 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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView