Algorand (ALGO) Hits 1-Day Trading Volume of $71.77 Million

Algorand (ALGO) traded 2.6% lower against the US dollar during the 1-day period ending at 7:00 AM ET on September 10th. One Algorand coin can currently be purchased for about $0.23 or 0.00000209 BTC on exchanges. Algorand has a total market cap of $2.06 billion and approximately $71.77 million worth of Algorand was traded on exchanges in the last 24 hours. In the last week, Algorand has traded 0.3% higher against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded up 3% against the dollar and now trades at $0.26 or 0.00000227 BTC.
• Avalanche (AVAX) traded up 3.2% against the dollar and now trades at $26.79 or 0.00023853 BTC.
• Hedera (HBAR) traded 0.5% lower against the dollar and now trades at $0.23 or 0.00000206 BTC.
• NEAR Protocol (NEAR) traded 3.9% lower against the dollar and now trades at $2.65 or 0.00002361 BTC.
• Internet Computer (ICP) traded down 2.4% against the dollar and now trades at $4.89 or 0.00004349 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $4.63 or 0.00004125 BTC.
• Fetch.ai (FET) traded down 4.3% against the dollar and now trades at $0.64 or 0.00000573 BTC.
• Kava (KAVA) traded 1.8% higher against the dollar and now trades at $0.37 or 0.00000333 BTC.
• Akash Network (AKT) traded 2.5% lower against the dollar and now trades at $1.16 or 0.00001034 BTC.
• Theta Fuel (TFUEL) traded down 0.5% against the dollar and now trades at $0.0347 or 0.00000031 BTC.

Algorand Profile

Algorand (ALGO) 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 8,765,946,684 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. Algorand’s official message board is forum.algorand.org. The official website for Algorand is algorand.foundation.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Buying and Selling Algorand

It is usually not 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 GDAX, Coinbase or Changelly. 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