Algorand Tops 24 Hour Volume of $1.49 Million (ALGO)

Algorand (ALGO) traded 6.2% lower against the dollar during the 24-hour period ending at 14:00 PM ET on August 3rd. Algorand has a market cap of $977.40 million and $1.49 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for $0.12 or 0.00000196 BTC on popular exchanges. During the last seven days, Algorand has traded 16.8% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 5.7% against the dollar and now trades at $22.67 or 0.00037316 BTC.
• NEAR Protocol (NEAR) traded 8.6% lower against the dollar and now trades at $4.35 or 0.00007168 BTC.
• Internet Computer (ICP) traded 12% lower against the dollar and now trades at $7.70 or 0.00012669 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0822 or 0.00000135 BTC.
• Hedera (HBAR) traded 5.6% lower against the dollar and now trades at $0.0570 or 0.00000094 BTC.
• Cosmos (ATOM) traded down 5.3% against the dollar and now trades at $5.10 or 0.00008399 BTC.
• Fetch.ai (FET) traded down 8.8% against the dollar and now trades at $1.01 or 0.00001657 BTC.
• Akash Network (AKT) traded down 9.3% against the dollar and now trades at $2.39 or 0.00003929 BTC.
• Theta Fuel (TFUEL) traded down 6.4% against the dollar and now trades at $0.0579 or 0.00000095 BTC.
• Kava (KAVA) traded 6.7% lower against the dollar and now trades at $0.34 or 0.00000553 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,226,765,947 coins. The official website for Algorand is algorand.foundation. The official message board for Algorand 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView