Algorand (ALGO) 1-Day Trading Volume Hits $18.29 Million

Algorand (ALGO) traded down 0.5% against the U.S. dollar during the 1-day period ending at 15:00 PM Eastern on October 19th. Algorand has a market cap of $1.02 billion and $18.29 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.12 or 0.00000179 BTC on exchanges. Over the last week, Algorand has traded down 0.4% against the U.S. dollar.

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

• Avalanche (AVAX) traded 0.6% lower against the dollar and now trades at $27.95 or 0.00040993 BTC.
• NEAR Protocol (NEAR) traded down 2.5% against the dollar and now trades at $4.78 or 0.00007008 BTC.
• Internet Computer (ICP) traded 0.4% higher against the dollar and now trades at $8.04 or 0.00011798 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.0782 or 0.00000115 BTC.
• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.0527 or 0.00000077 BTC.
• Cosmos (ATOM) traded up 1.9% against the dollar and now trades at $4.40 or 0.00006450 BTC.
• Fetch.ai (FET) traded down 1% against the dollar and now trades at $1.41 or 0.00002067 BTC.
• Akash Network (AKT) traded down 1.6% against the dollar and now trades at $2.45 or 0.00003596 BTC.
• Theta Fuel (TFUEL) traded 0.5% higher against the dollar and now trades at $0.0618 or 0.00000091 BTC.
• Kava (KAVA) traded up 0.3% against the dollar and now trades at $0.37 or 0.00000541 BTC.

About Algorand

Algorand uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,321,656,546 coins. Algorand’s official website 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 message board is forum.algorand.org. 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 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 Coinbase, GDAX or Gemini. 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