Algorand 1-Day Volume Reaches $30.98 Million (ALGO)

Algorand (ALGO) traded down 0.4% against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on December 7th. Algorand has a total market capitalization of $1.17 billion and $30.98 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.13 or 0.00000149 BTC on exchanges. During the last seven days, Algorand has traded down 5.8% against the U.S. dollar.

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

• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.10 or 0.00000116 BTC.
• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $13.34 or 0.00014995 BTC.
• Hedera (HBAR) traded down 0% against the dollar and now trades at $0.13 or 0.00000149 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $1.68 or 0.00001893 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $3.42 or 0.00003844 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $2.18 or 0.00002453 BTC.
• Fetch.ai (FET) traded down 2.7% against the dollar and now trades at $0.23 or 0.00000258 BTC.
• Theta Fuel (TFUEL) traded 0.5% higher against the dollar and now trades at $0.0210 or 0.00000024 BTC.
• PayProtocol Paycoin (PCI) traded 1% higher against the dollar and now trades at $0.0652 or 0.00000073 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $0.43 or 0.00000483 BTC.

Algorand Coin Profile

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 8,815,701,838 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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 website is algorand.foundation.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Buying and Selling Algorand

It is usually not currently 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView