Algorand 1-Day Volume Reaches $20.25 Million (ALGO)

Algorand (ALGO) traded down 1.5% against the dollar during the one day period ending at 22:00 PM Eastern on July 28th. In the last seven days, Algorand has traded down 10.6% against the dollar. Algorand has a market cap of $1.15 billion and approximately $20.25 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.14 or 0.00000205 BTC on exchanges.

Here’s how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 1.6% against the dollar and now trades at $27.59 or 0.00040218 BTC.
• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $5.50 or 0.00008014 BTC.
• Internet Computer (ICP) traded down 2.4% against the dollar and now trades at $9.46 or 0.00013793 BTC.
• Hedera (HBAR) traded down 1% against the dollar and now trades at $0.0681 or 0.00000099 BTC.
• Cosmos (ATOM) traded 2.6% lower against the dollar and now trades at $6.20 or 0.00009034 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.0907 or 0.00000132 BTC.
• Fetch.ai (FET) traded down 0.8% against the dollar and now trades at $1.25 or 0.00001828 BTC.
• Akash Network (AKT) traded down 0.1% against the dollar and now trades at $3.23 or 0.00004741 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0698 or 0.00000102 BTC.
• Kava (KAVA) traded down 2.1% against the dollar and now trades at $0.42 or 0.00000609 BTC.

About Algorand

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 8,226,797,255 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.”

Algorand Coin Trading

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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView