Algorand (ALGO) Hits 24 Hour Trading Volume of $19.21 Million

Algorand (ALGO) traded up 2% against the US dollar during the 24-hour period ending at 18:00 PM Eastern on August 18th. In the last seven days, Algorand has traded 3.3% higher against the US dollar. Algorand has a total market cap of $988.86 million and approximately $19.21 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for approximately $0.12 or 0.00000202 BTC on major exchanges.

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

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $21.33 or 0.00035789 BTC.
• NEAR Protocol (NEAR) traded 0.7% higher against the dollar and now trades at $4.00 or 0.00006707 BTC.
• Internet Computer (ICP) traded up 1.4% against the dollar and now trades at $7.28 or 0.00012223 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0873 or 0.00000146 BTC.
• Hedera (HBAR) traded up 2.5% against the dollar and now trades at $0.0538 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $4.59 or 0.00007709 BTC.
• Fetch.ai (FET) traded 0.2% higher against the dollar and now trades at $0.83 or 0.00001400 BTC.
• Akash Network (AKT) traded up 0.7% against the dollar and now trades at $2.52 or 0.00004229 BTC.
• Theta Fuel (TFUEL) traded 0.7% higher against the dollar and now trades at $0.0557 or 0.00000093 BTC.
• Kava (KAVA) traded 3.5% higher against the dollar and now trades at $0.32 or 0.00000537 BTC.

About Algorand

Algorand (CRYPTO: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 8,227,329,752 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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