Algorand (ALGO) One Day Trading Volume Hits $128.09 Million

Algorand (ALGO) traded 3.9% lower against the dollar during the one day period ending at 7:00 AM E.T. on March 10th. Over the last seven days, Algorand has traded down 23.1% against the dollar. One Algorand coin can now be purchased for about $0.21 or 0.00000252 BTC on exchanges. Algorand has a total market cap of $1.76 billion and $128.09 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded down 2.7% against the dollar and now trades at $0.21 or 0.00000255 BTC.
• Avalanche (AVAX) traded down 6% against the dollar and now trades at $18.57 or 0.00022490 BTC.
• NEAR Protocol (NEAR) traded 5.9% lower against the dollar and now trades at $2.61 or 0.00003156 BTC.
• Internet Computer (ICP) traded down 1.8% against the dollar and now trades at $5.66 or 0.00006861 BTC.
• Cronos (CRO) traded 3.9% lower against the dollar and now trades at $0.0834 or 0.00000101 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $3.99 or 0.00004831 BTC.
• Fetch.ai (FET) traded 0% higher against the dollar and now trades at $0.55 or 0.00000662 BTC.
• Kava (KAVA) traded down 1.3% against the dollar and now trades at $0.41 or 0.00000495 BTC.
• Akash Network (AKT) traded down 4.9% against the dollar and now trades at $1.19 or 0.00001447 BTC.
• Theta Fuel (TFUEL) traded 4.6% lower against the dollar and now trades at $0.0390 or 0.00000047 BTC.

Algorand Profile

Algorand (CRYPTO: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 8,476,022,570 coins. 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. 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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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