Algorand 24-Hour Trading Volume Tops $24.57 Million (ALGO)

Algorand (ALGO) traded 5.5% lower against the dollar during the 24 hour period ending at 0:00 AM ET on September 3rd. Algorand has a market capitalization of $976.53 million and approximately $24.57 million worth of Algorand was traded on exchanges in the last 24 hours. During the last seven days, Algorand has traded down 7.4% against the dollar. One Algorand coin can now be purchased for approximately $0.12 or 0.00000209 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 4.8% lower against the dollar and now trades at $21.45 or 0.00037829 BTC.
• NEAR Protocol (NEAR) traded down 7.2% against the dollar and now trades at $3.72 or 0.00006558 BTC.
• Internet Computer (ICP) traded 5% lower against the dollar and now trades at $7.17 or 0.00012649 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.0778 or 0.00000137 BTC.
• Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.0487 or 0.00000086 BTC.
• Cosmos (ATOM) traded 8.9% lower against the dollar and now trades at $4.07 or 0.00007178 BTC.
• Fetch.ai (FET) traded down 7.4% against the dollar and now trades at $1.13 or 0.00001985 BTC.
• Akash Network (AKT) traded down 8.4% against the dollar and now trades at $2.27 or 0.00003927 BTC.
• Theta Fuel (TFUEL) traded down 6.6% against the dollar and now trades at $0.0524 or 0.00000092 BTC.
• Kava (KAVA) traded 7.1% lower against the dollar and now trades at $0.29 or 0.00000507 BTC.

About Algorand

ALGO uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,227,592,890 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. 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 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView