Algorand 24 Hour Volume Reaches $19.94 Million (ALGO)

Algorand (ALGO) traded down 0.6% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on September 17th. During the last week, Algorand has traded down 2.2% against the U.S. dollar. One Algorand coin can currently be purchased for $0.12 or 0.00000209 BTC on major exchanges. Algorand has a market capitalization of $1.03 billion and $19.94 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded up 0.7% against the dollar and now trades at $23.92 or 0.00040246 BTC.
• NEAR Protocol (NEAR) traded up 3.4% against the dollar and now trades at $4.07 or 0.00006847 BTC.
• Internet Computer (ICP) traded 0.1% higher against the dollar and now trades at $7.99 or 0.00013438 BTC.
• Cronos (CRO) traded up 0.5% against the dollar and now trades at $0.0806 or 0.00000136 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0494 or 0.00000083 BTC.
• Cosmos (ATOM) traded up 2.6% against the dollar and now trades at $4.09 or 0.00006879 BTC.
• Fetch.ai (FET) traded up 1.3% against the dollar and now trades at $1.31 or 0.00002206 BTC.
• Akash Network (AKT) traded up 1.1% against the dollar and now trades at $2.40 or 0.00004057 BTC.
• Theta Fuel (TFUEL) traded down 2.9% against the dollar and now trades at $0.0603 or 0.00000102 BTC.
• Kava (KAVA) traded up 0.3% against the dollar and now trades at $0.30 or 0.00000503 BTC.

About Algorand

ALGO 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 8,252,097,476 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website 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.

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 US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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