Algorand Tops One Day Trading Volume of $46.85 Million (ALGO)

Algorand (ALGO) traded up 5.8% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on November 6th. Algorand has a total market cap of $995.37 million and approximately $46.85 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.12 or 0.00000162 BTC on popular exchanges. Over the last week, Algorand has traded down 1.1% against the U.S. dollar.

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

• Avalanche (AVAX) traded 12.7% higher against the dollar and now trades at $26.24 or 0.00035559 BTC.
• NEAR Protocol (NEAR) traded up 9.4% against the dollar and now trades at $4.11 or 0.00005573 BTC.
• Internet Computer (ICP) traded 6.8% higher against the dollar and now trades at $7.65 or 0.00010366 BTC.
• Fetch.ai (FET) traded 16.2% higher against the dollar and now trades at $1.37 or 0.00001861 BTC.
• Cronos (CRO) traded 17.8% higher against the dollar and now trades at $0.0848 or 0.00000115 BTC.
• Hedera (HBAR) traded 11.6% higher against the dollar and now trades at $0.0495 or 0.00000067 BTC.
• Cosmos (ATOM) traded up 9.2% against the dollar and now trades at $4.42 or 0.00005990 BTC.
• Akash Network (AKT) traded up 4.4% against the dollar and now trades at $2.38 or 0.00003201 BTC.
• Kava (KAVA) traded 10.9% higher against the dollar and now trades at $0.34 or 0.00000457 BTC.
• Theta Fuel (TFUEL) traded up 7.1% against the dollar and now trades at $0.0535 or 0.00000072 BTC.

Algorand Profile

ALGO uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,335,371,417 coins. The official website for Algorand 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView