Algorand (ALGO) 1-Day Volume Tops $20.97 Million

Algorand (ALGO) traded up 1.8% against the dollar during the 24 hour period ending at 14:00 PM ET on September 17th. Algorand has a total market capitalization of $1.04 billion and approximately $20.97 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 1.9% lower against the dollar. One Algorand coin can now be bought for approximately $0.13 or 0.00000207 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 2.7% higher against the dollar and now trades at $24.08 or 0.00039496 BTC.
• NEAR Protocol (NEAR) traded up 7.7% against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $8.03 or 0.00013176 BTC.
• Cronos (CRO) traded up 1.9% against the dollar and now trades at $0.0809 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.2% higher against the dollar and now trades at $0.0502 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.4% higher against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Fetch.ai (FET) traded up 6.8% against the dollar and now trades at $1.36 or 0.00002232 BTC.
• Akash Network (AKT) traded 3.7% higher against the dollar and now trades at $2.45 or 0.00004015 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0611 or 0.00000100 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $0.30 or 0.00000494 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,252,096,289 coins. Algorand’s official message board 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 purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView