Algorand 1-Day Volume Tops $272.30 Million (ALGO)

Algorand (CURRENCY:ALGO) traded 0.9% higher against the US dollar during the 24 hour period ending at 8:00 AM Eastern on January 15th. During the last seven days, Algorand has traded 4.2% lower against the US dollar. One Algorand coin can currently be bought for approximately $1.38 or 0.00003216 BTC on major exchanges. Algorand has a market capitalization of $8.89 billion and $272.30 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $90.36 or 0.00211176 BTC.
  • NEAR Protocol (NEAR) traded up 2.6% against the dollar and now trades at $19.32 or 0.00045148 BTC.
  • Hedera (HBAR) traded up 0.9% against the dollar and now trades at $0.28 or 0.00000658 BTC.
  • Elrond (EGLD) traded up 3.7% against the dollar and now trades at $203.83 or 0.00476368 BTC.
  • Helium (HNT) traded up 6.4% against the dollar and now trades at $33.68 or 0.00078724 BTC.
  • Theta Fuel (TFUEL) traded 3.3% higher against the dollar and now trades at $0.17 or 0.00000407 BTC.
  • Kava (KAVA) traded up 6.4% against the dollar and now trades at $5.47 or 0.00012791 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Ardor (ARDR) traded up 1.8% against the dollar and now trades at $0.23 or 0.00000529 BTC.
  • Divi (DIVI) traded up 6.8% against the dollar and now trades at $0.0765 or 0.00000179 BTC.

About Algorand

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 6,908,649,634 coins and its circulating supply is 6,464,802,499 coins. Algorand’s official Twitter account is @algorand. The official message board for Algorand is medium.com/algorand-foundation. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is /r/AlgorandOfficial and the currency’s Github account can be viewed here.

According to CryptoCompare, “The Algorand platform is the first 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. “

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

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