Algorand (ALGO) 24 Hour Volume Reaches $73.90 Million

Algorand (ALGO) traded 3.3% lower against the US dollar during the twenty-four hour period ending at 7:00 AM ET on March 18th. One Algorand coin can currently be purchased for approximately $0.19 or 0.00000225 BTC on major cryptocurrency exchanges. Over the last week, Algorand has traded 3.6% lower against the US dollar. Algorand has a market cap of $1.58 billion and $73.90 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Hedera (HBAR) traded down 2.7% against the dollar and now trades at $0.19 or 0.00000226 BTC.
• Avalanche (AVAX) traded up 1.2% against the dollar and now trades at $18.92 or 0.00022874 BTC.
• NEAR Protocol (NEAR) traded down 1.3% against the dollar and now trades at $2.54 or 0.00003069 BTC.
• Internet Computer (ICP) traded down 0.6% against the dollar and now trades at $5.74 or 0.00006944 BTC.
• Cronos (CRO) traded down 9.5% against the dollar and now trades at $0.0796 or 0.00000096 BTC.
• Cosmos (ATOM) traded up 2.7% against the dollar and now trades at $4.74 or 0.00005731 BTC.
• Fetch.ai (FET) traded 2.5% lower against the dollar and now trades at $0.51 or 0.00000611 BTC.
• Kava (KAVA) traded 1.3% lower against the dollar and now trades at $0.49 or 0.00000597 BTC.
• Akash Network (AKT) traded 5.9% lower against the dollar and now trades at $1.26 or 0.00001520 BTC.
• Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.0380 or 0.00000046 BTC.

Algorand Coin 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 8,507,436,369 coins. Algorand’s official website is algorand.foundation. 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.

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 possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView