Algorand (ALGO) Reaches One Day Volume of $11.70 Million

Algorand (ALGO) traded 4.4% higher against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on February 26th. Algorand has a total market cap of $1.99 billion and approximately $11.70 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 9.7% lower against the dollar. One Algorand coin can currently be purchased for about $0.24 or 0.00000273 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 2.5% higher against the dollar and now trades at $21.84 or 0.00025308 BTC.
• Hedera (HBAR) traded up 5.1% against the dollar and now trades at $0.20 or 0.00000226 BTC.
• NEAR Protocol (NEAR) traded 2.6% higher against the dollar and now trades at $2.99 or 0.00003466 BTC.
• Internet Computer (ICP) traded up 3% against the dollar and now trades at $6.35 or 0.00007359 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0740 or 0.00000086 BTC.
• Cosmos (ATOM) traded 4.8% higher against the dollar and now trades at $4.54 or 0.00005256 BTC.
• Fetch.ai (FET) traded 0.4% lower against the dollar and now trades at $0.65 or 0.00000749 BTC.
• Kava (KAVA) traded 0.3% lower against the dollar and now trades at $0.40 or 0.00000467 BTC.
• Akash Network (AKT) traded 0.6% lower against the dollar and now trades at $1.55 or 0.00001781 BTC.
• Theta Fuel (TFUEL) traded 0.2% higher against the dollar and now trades at $0.0441 or 0.00000051 BTC.

Algorand Profile

ALGO uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,462,352,196 coins. The official website for Algorand is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board 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.”

Algorand Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView