Algorand (ALGO) Hits 24 Hour Volume of $55.49 Million

Algorand (ALGO) traded down 1.7% against the dollar during the 24 hour period ending at 9:00 AM Eastern on November 9th. Over the last seven days, Algorand has traded down 1.5% against the dollar. Algorand has a total market cap of $1.54 billion and $55.49 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be bought for approximately $0.18 or 0.00000171 BTC on major exchanges.

Here’s how other cryptocurrencies have performed over the last day:

• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.13 or 0.00000123 BTC.
• Avalanche (AVAX) traded down 1.1% against the dollar and now trades at $17.37 or 0.00016960 BTC.
• Hedera (HBAR) traded down 2.1% against the dollar and now trades at $0.17 or 0.00000167 BTC.
• Internet Computer (ICP) traded 18.4% lower against the dollar and now trades at $7.13 or 0.00006965 BTC.
• NEAR Protocol (NEAR) traded down 7.2% against the dollar and now trades at $2.72 or 0.00002655 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $2.90 or 0.00002830 BTC.
• Fetch.ai (FET) traded down 17.2% against the dollar and now trades at $0.32 or 0.00000310 BTC.
• Kava (KAVA) traded up 31.9% against the dollar and now trades at $0.17 or 0.00000165 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $0.64 or 0.00000621 BTC.
• Theta Fuel (TFUEL) traded down 2.5% against the dollar and now trades at $0.0233 or 0.00000023 BTC.

About Algorand

Algorand 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 8,791,850,046 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView