Algorand One Day Volume Hits $24.99 Million (ALGO)

Algorand (ALGO) traded 5.5% higher against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on October 14th. Algorand has a total market cap of $1.05 billion and $24.99 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last week, Algorand has traded down 0.1% against the U.S. dollar. One Algorand coin can now be purchased for $0.13 or 0.00000191 BTC on major exchanges.

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

• Avalanche (AVAX) traded 1.9% higher against the dollar and now trades at $29.17 or 0.00044228 BTC.
• NEAR Protocol (NEAR) traded up 8.8% against the dollar and now trades at $5.01 or 0.00007603 BTC.
• Internet Computer (ICP) traded 7.1% higher against the dollar and now trades at $8.35 or 0.00012656 BTC.
• Cronos (CRO) traded 2.9% higher against the dollar and now trades at $0.0780 or 0.00000118 BTC.
• Hedera (HBAR) traded 5.4% higher against the dollar and now trades at $0.0528 or 0.00000080 BTC.
• Cosmos (ATOM) traded 5.2% higher against the dollar and now trades at $4.50 or 0.00006819 BTC.
• Fetch.ai (FET) traded up 8.3% against the dollar and now trades at $1.52 or 0.00002303 BTC.
• Akash Network (AKT) traded 4.1% higher against the dollar and now trades at $2.53 or 0.00003848 BTC.
• Theta Fuel (TFUEL) traded up 5.1% against the dollar and now trades at $0.0632 or 0.00000096 BTC.
• Kava (KAVA) traded up 5.3% against the dollar and now trades at $0.35 or 0.00000537 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,314,462,736 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 message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand 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 presently 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView