Algorand (ALGO) Tops 24-Hour Trading Volume of $32.40 Million

Algorand (ALGO) traded down 2.4% against the dollar during the 1 day period ending at 18:00 PM ET on September 6th. Algorand has a market capitalization of $941.93 million and approximately $32.40 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for $0.11 or 0.00000213 BTC on exchanges. In the last week, Algorand has traded down 10.4% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Avalanche (AVAX) traded 1.6% lower against the dollar and now trades at $21.04 or 0.00039193 BTC.
  • NEAR Protocol (NEAR) traded 5.3% lower against the dollar and now trades at $3.52 or 0.00006556 BTC.
  • Internet Computer (ICP) traded down 3.8% against the dollar and now trades at $6.95 or 0.00012941 BTC.
  • Cronos (CRO) traded 4.3% lower against the dollar and now trades at $0.0740 or 0.00000138 BTC.
  • Hedera (HBAR) traded down 3.1% against the dollar and now trades at $0.0466 or 0.00000087 BTC.
  • Cosmos (ATOM) traded 4.5% lower against the dollar and now trades at $3.73 or 0.00006948 BTC.
  • Fetch.ai (FET) traded 2.7% lower against the dollar and now trades at $1.05 or 0.00001958 BTC.
  • Akash Network (AKT) traded 1.1% lower against the dollar and now trades at $2.22 or 0.00004149 BTC.
  • Theta Fuel (TFUEL) traded down 3.4% against the dollar and now trades at $0.0517 or 0.00000096 BTC.
  • Kava (KAVA) traded down 3.9% against the dollar and now trades at $0.28 or 0.00000513 BTC.

Algorand Coin 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 8,227,579,887 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org.

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, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

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