Algorand Reaches One Day Trading Volume of $31.64 Million (ALGO)

Algorand (ALGO) traded 3.1% lower against the U.S. dollar during the one day period ending at 10:00 AM E.T. on July 3rd. One Algorand coin can currently be purchased for about $0.14 or 0.00000240 BTC on major cryptocurrency exchanges. Algorand has a market capitalization of $1.19 billion and $31.64 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded 2.5% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded down 4.3% against the dollar and now trades at $27.03 or 0.00044843 BTC.
• NEAR Protocol (NEAR) traded down 5.1% against the dollar and now trades at $5.17 or 0.00008582 BTC.
• Internet Computer (ICP) traded down 2.6% against the dollar and now trades at $7.70 or 0.00012769 BTC.
• Hedera (HBAR) traded 5.4% lower against the dollar and now trades at $0.0739 or 0.00000123 BTC.
• Cosmos (ATOM) traded 5.1% lower against the dollar and now trades at $6.54 or 0.00010852 BTC.
• Cronos (CRO) traded 0.3% lower against the dollar and now trades at $0.0899 or 0.00000149 BTC.
• Fetch.ai (FET) traded 3.8% lower against the dollar and now trades at $1.28 or 0.00002119 BTC.
• Akash Network (AKT) traded down 8% against the dollar and now trades at $3.50 or 0.00005790 BTC.
• Theta Fuel (TFUEL) traded 4.5% lower against the dollar and now trades at $0.0729 or 0.00000121 BTC.
• Kava (KAVA) traded down 1.9% against the dollar and now trades at $0.42 or 0.00000694 BTC.

Algorand Coin Profile

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 8,203,555,942 coins. 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. 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 possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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