Algorand Trading 8.3% Higher Over Last Week (ALGO)

Algorand (ALGO) traded down 0.2% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM E.T. on March 28th. Algorand has a total market cap of $2.19 billion and $79.71 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded up 8.3% against the U.S. dollar. One Algorand coin can now be purchased for about $0.27 or 0.00000383 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 0.2% higher against the dollar and now trades at $54.33 or 0.00076899 BTC.
• Internet Computer (ICP) traded 4.3% lower against the dollar and now trades at $17.62 or 0.00024931 BTC.
• NEAR Protocol (NEAR) traded down 1.1% against the dollar and now trades at $7.18 or 0.00010165 BTC.
• Cosmos (ATOM) traded down 3.2% against the dollar and now trades at $12.28 or 0.00017385 BTC.
• Cronos (CRO) traded 5.3% higher against the dollar and now trades at $0.16 or 0.00000221 BTC.
• Hedera (HBAR) traded 1.7% higher against the dollar and now trades at $0.12 or 0.00000164 BTC.
• Fetch.ai (FET) traded 7% higher against the dollar and now trades at $3.29 or 0.00004655 BTC.
• Akash Network (AKT) traded up 0.2% against the dollar and now trades at $5.31 or 0.00007501 BTC.
• Kava (KAVA) traded 2.6% higher against the dollar and now trades at $1.01 or 0.00001424 BTC.
• Theta Fuel (TFUEL) traded up 0% against the dollar and now trades at $0.0850 or 0.00000120 BTC.

Algorand Profile

ALGO uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 8,082,362,321 coins. The official message board for Algorand is medium.com/algorand-foundation. 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. 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.”

Algorand Coin Trading

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