Algorand (ALGO) Reaches 24-Hour Volume of $121.98 Million

Algorand (ALGO) traded 3.5% lower against the US dollar during the twenty-four hour period ending at 13:00 PM E.T. on January 29th. Algorand has a total market cap of $3.03 billion and $121.98 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded down 13.1% against the US dollar. One Algorand coin can currently be purchased for approximately $0.36 or 0.00000352 BTC on exchanges.

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

• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $32.58 or 0.00031828 BTC.
• Hedera (HBAR) traded down 3.4% against the dollar and now trades at $0.30 or 0.00000294 BTC.
• NEAR Protocol (NEAR) traded down 2.6% against the dollar and now trades at $4.38 or 0.00004281 BTC.
• Internet Computer (ICP) traded down 4.7% against the dollar and now trades at $8.51 or 0.00008312 BTC.
• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.13 or 0.00000126 BTC.
• Fetch.ai (FET) traded down 6.1% against the dollar and now trades at $0.97 or 0.00000952 BTC.
• Cosmos (ATOM) traded 1.6% lower against the dollar and now trades at $5.77 or 0.00005635 BTC.
• Akash Network (AKT) traded 2.2% lower against the dollar and now trades at $2.47 or 0.00002415 BTC.
• Kava (KAVA) traded down 5.5% against the dollar and now trades at $0.41 or 0.00000397 BTC.
• Theta Fuel (TFUEL) traded 4.9% lower against the dollar and now trades at $0.0579 or 0.00000057 BTC.

About Algorand

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 8,401,376,484 coins. 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. Algorand’s official website 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView