Algorand (ALGO) 24 Hour Trading Volume Tops $40.44 Million

Algorand (ALGO) traded 0.1% higher against the dollar during the 1-day period ending at 19:00 PM ET on May 4th. In the last week, Algorand has traded 2.2% lower against the dollar. One Algorand coin can now be bought for $0.19 or 0.00000303 BTC on popular exchanges. Algorand has a total market cap of $1.57 billion and approximately $40.44 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 4.5% higher against the dollar and now trades at $37.18 or 0.00058364 BTC.
• NEAR Protocol (NEAR) traded down 0.4% against the dollar and now trades at $6.87 or 0.00010782 BTC.
• Internet Computer (ICP) traded down 3.5% against the dollar and now trades at $13.17 or 0.00020667 BTC.
• Hedera (HBAR) traded 2.8% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.13 or 0.00000209 BTC.
• Cosmos (ATOM) traded down 1.3% against the dollar and now trades at $8.69 or 0.00013633 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $2.16 or 0.00003394 BTC.
• Akash Network (AKT) traded 2% lower against the dollar and now trades at $4.29 or 0.00006730 BTC.
• Kava (KAVA) traded down 0.5% against the dollar and now trades at $0.68 or 0.00001071 BTC.
• Theta Fuel (TFUEL) traded up 4.1% against the dollar and now trades at $0.11 or 0.00000173 BTC.

About Algorand

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 8,145,286,269 coins. 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. The official website for Algorand is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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.”

Buying and Selling Algorand

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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