Algorand Hits 24 Hour Volume of $154.44 Million (ALGO)

Algorand (ALGO) traded 3% lower against the dollar during the 1 day period ending at 12:00 PM Eastern on January 25th. Algorand has a market cap of $3.33 billion and approximately $154.44 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded down 9.4% against the dollar. One Algorand coin can now be bought for about $0.40 or 0.00000380 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 1.3% higher against the dollar and now trades at $36.64 or 0.00035033 BTC.
• Hedera (HBAR) traded 2.2% lower against the dollar and now trades at $0.33 or 0.00000316 BTC.
• NEAR Protocol (NEAR) traded 3.8% lower against the dollar and now trades at $4.94 or 0.00004719 BTC.
• Internet Computer (ICP) traded down 0.8% against the dollar and now trades at $9.15 or 0.00008752 BTC.
• Cronos (CRO) traded down 2% against the dollar and now trades at $0.14 or 0.00000132 BTC.
• Fetch.ai (FET) traded down 1.8% against the dollar and now trades at $1.21 or 0.00001155 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $6.19 or 0.00005922 BTC.
• Akash Network (AKT) traded 2.4% lower against the dollar and now trades at $2.76 or 0.00002635 BTC.
• Kava (KAVA) traded down 2.4% against the dollar and now trades at $0.45 or 0.00000431 BTC.
• Theta Fuel (TFUEL) traded up 2.6% against the dollar and now trades at $0.0634 or 0.00000061 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,395,005,637 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The official message board for Algorand is forum.algorand.org.

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 U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, 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