Algorand One Day Trading Volume Reaches $83.48 Million (ALGO)

Algorand (ALGO) traded 4.7% higher against the U.S. dollar during the 24 hour period ending at 19:00 PM E.T. on January 25th. Over the last week, Algorand has traded 16.6% higher against the U.S. dollar. Algorand has a market cap of $1.77 billion and approximately $83.48 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for approximately $0.25 or 0.00001061 BTC on major exchanges.

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

• Avalanche (AVAX) traded up 6.2% against the dollar and now trades at $17.87 or 0.00077314 BTC.
• Cosmos (ATOM) traded up 9.7% against the dollar and now trades at $13.52 or 0.00058509 BTC.
• NEAR Protocol (NEAR) traded up 9.4% against the dollar and now trades at $2.55 or 0.00011029 BTC.
• Cronos (CRO) traded up 4% against the dollar and now trades at $0.0811 or 0.00000351 BTC.
• Hedera (HBAR) traded up 6.4% against the dollar and now trades at $0.0676 or 0.00000292 BTC.
• Internet Computer (ICP) traded 5.1% higher against the dollar and now trades at $5.77 or 0.00024944 BTC.
• PayProtocol Paycoin (PCI) traded 2.9% higher against the dollar and now trades at $0.19 or 0.00000829 BTC.
• Kava (KAVA) traded down 4% against the dollar and now trades at $1.02 or 0.00004410 BTC.
• Theta Fuel (TFUEL) traded 2% higher against the dollar and now trades at $0.0467 or 0.00000202 BTC.
• Moonbeam (GLMR) traded 4.5% higher against the dollar and now trades at $0.47 or 0.00002014 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. It was first traded on June 19th, 2019. Algorand’s total supply is 7,421,617,795 coins and its circulating supply is 7,199,419,636 coins. Algorand’s official message board is medium.com/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 website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here.

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 acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.