Algorand (ALGO) Reaches 24 Hour Volume of $17.21 Million

Algorand (ALGO) traded 2.3% lower against the US dollar during the 24 hour period ending at 22:00 PM Eastern on November 2nd. Algorand has a market capitalization of $945.00 million and approximately $17.21 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded down 0.8% against the US dollar. One Algorand coin can now be purchased for about $0.11 or 0.00000164 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 3.6% lower against the dollar and now trades at $23.99 or 0.00034694 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $3.81 or 0.00005509 BTC.
• Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $7.48 or 0.00010813 BTC.
• Fetch.ai (FET) traded down 4.3% against the dollar and now trades at $1.18 or 0.00001712 BTC.
• Cronos (CRO) traded down 2% against the dollar and now trades at $0.0723 or 0.00000105 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0447 or 0.00000065 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $4.09 or 0.00005918 BTC.
• Akash Network (AKT) traded 5% lower against the dollar and now trades at $2.26 or 0.00003265 BTC.
• Kava (KAVA) traded down 2.8% against the dollar and now trades at $0.32 or 0.00000458 BTC.
• Theta Fuel (TFUEL) traded down 1.9% against the dollar and now trades at $0.0509 or 0.00000074 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 8,335,678,620 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation.

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

ALGO/USD price chart by TradingView