Algorand (ALGO) Tops One Day Volume of $49.78 Million

Algorand (ALGO) traded up 0.1% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on March 30th. Algorand has a market capitalization of $1.57 billion and $49.78 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded down 3.5% against the US dollar. One Algorand coin can now be bought for approximately $0.18 or 0.00000222 BTC on exchanges.

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

• Cronos (CRO) traded 6.9% higher against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Avalanche (AVAX) traded down 2.8% against the dollar and now trades at $19.32 or 0.00023233 BTC.
• Hedera (HBAR) traded up 0.7% against the dollar and now trades at $0.17 or 0.00000206 BTC.
• NEAR Protocol (NEAR) traded 3.6% higher against the dollar and now trades at $2.71 or 0.00003259 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $5.41 or 0.00006507 BTC.
• Cosmos (ATOM) traded down 2% against the dollar and now trades at $4.34 or 0.00005214 BTC.
• Fetch.ai (FET) traded 0.8% lower against the dollar and now trades at $0.48 or 0.00000575 BTC.
• Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.43 or 0.00000512 BTC.
• Akash Network (AKT) traded 0.5% higher against the dollar and now trades at $1.22 or 0.00001467 BTC.
• Theta Fuel (TFUEL) traded down 0.2% against the dollar and now trades at $0.0361 or 0.00000043 BTC.

Algorand Coin Profile

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 8,530,751,629 coins. Algorand’s official message board is forum.algorand.org. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Algorand Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView