Algorand Tops 24-Hour Trading Volume of $95.54 Million (ALGO)

Algorand (ALGO) traded 1.8% lower against the dollar during the one day period ending at 0:00 AM ET on March 29th. One Algorand coin can now be bought for $0.27 or 0.00000381 BTC on exchanges. Algorand has a market cap of $2.15 billion and $95.54 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded 10.5% higher against the dollar.

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

• Avalanche (AVAX) traded down 1.6% against the dollar and now trades at $53.32 or 0.00076284 BTC.
• Internet Computer (ICP) traded 1% higher against the dollar and now trades at $17.81 or 0.00025485 BTC.
• NEAR Protocol (NEAR) traded 1.6% higher against the dollar and now trades at $7.19 or 0.00010283 BTC.
• Cosmos (ATOM) traded 3.5% higher against the dollar and now trades at $12.62 or 0.00018060 BTC.
• Cronos (CRO) traded 0.4% higher against the dollar and now trades at $0.15 or 0.00000219 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.11 or 0.00000165 BTC.
• Fetch.ai (FET) traded down 5.7% against the dollar and now trades at $3.04 or 0.00004355 BTC.
• Akash Network (AKT) traded 2.7% lower against the dollar and now trades at $5.18 or 0.00007411 BTC.
• Kava (KAVA) traded up 4.8% against the dollar and now trades at $1.05 or 0.00001500 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0836 or 0.00000120 BTC.

About Algorand

ALGO uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 8,082,348,529 coins. Algorand’s official message board is medium.com/algorand-foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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