Algorand One Day Trading Volume Reaches $23.95 Million (ALGO)

Algorand (ALGO) traded up 1.4% against the U.S. dollar during the one day period ending at 21:00 PM Eastern on September 9th. One Algorand coin can now be bought for about $0.13 or 0.00000224 BTC on popular exchanges. Algorand has a market cap of $1.05 billion and approximately $23.95 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded up 1.1% against the U.S. dollar.

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

• Avalanche (AVAX) traded 1.5% higher against the dollar and now trades at $23.79 or 0.00041821 BTC.
• NEAR Protocol (NEAR) traded up 5.4% against the dollar and now trades at $4.00 or 0.00007038 BTC.
• Internet Computer (ICP) traded up 3.9% against the dollar and now trades at $7.77 or 0.00013663 BTC.
• Cronos (CRO) traded 0.9% higher against the dollar and now trades at $0.0793 or 0.00000139 BTC.
• Hedera (HBAR) traded up 1.6% against the dollar and now trades at $0.0508 or 0.00000089 BTC.
• Cosmos (ATOM) traded 6% higher against the dollar and now trades at $4.08 or 0.00007169 BTC.
• Fetch.ai (FET) traded 8.9% higher against the dollar and now trades at $1.21 or 0.00002129 BTC.
• Akash Network (AKT) traded up 4.8% against the dollar and now trades at $2.39 or 0.00004169 BTC.
• Theta Fuel (TFUEL) traded down 0.7% against the dollar and now trades at $0.0561 or 0.00000099 BTC.
• Kava (KAVA) traded 4% higher against the dollar and now trades at $0.30 or 0.00000528 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 8,232,565,556 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is 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.

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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView