Algorand (ALGO) Tops 24-Hour Volume of $35.18 Million

Algorand (ALGO) traded 2.1% higher against the dollar during the 24-hour period ending at 23:00 PM ET on July 25th. One Algorand coin can currently be purchased for approximately $0.14 or 0.00000207 BTC on popular cryptocurrency exchanges. In the last week, Algorand has traded 8.9% lower against the dollar. Algorand has a market capitalization of $1.14 billion and $35.18 million worth of Algorand was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $27.56 or 0.00041227 BTC.
• NEAR Protocol (NEAR) traded down 0.8% against the dollar and now trades at $5.54 or 0.00008280 BTC.
• Internet Computer (ICP) traded 3.7% higher against the dollar and now trades at $9.76 or 0.00014602 BTC.
• Hedera (HBAR) traded up 2.9% against the dollar and now trades at $0.0669 or 0.00000100 BTC.
• Cronos (CRO) traded 0.1% higher against the dollar and now trades at $0.0899 or 0.00000134 BTC.
• Cosmos (ATOM) traded 2.4% higher against the dollar and now trades at $5.98 or 0.00008942 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $1.21 or 0.00001814 BTC.
• Akash Network (AKT) traded down 3.2% against the dollar and now trades at $3.10 or 0.00004715 BTC.
• Theta Fuel (TFUEL) traded 1.6% higher against the dollar and now trades at $0.0672 or 0.00000101 BTC.
• Kava (KAVA) traded 2.8% higher against the dollar and now trades at $0.40 or 0.00000594 BTC.

About Algorand

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 8,226,866,544 coins. The official website for Algorand is algorand.foundation. 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 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 purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView