Algorand Trading Up 31.5% Over Last Week (ALGO)

Algorand (ALGO) traded 12.5% higher against the dollar during the 24-hour period ending at 12:00 PM ET on April 24th. One Algorand coin can now be bought for approximately $0.22 or 0.00000335 BTC on major cryptocurrency exchanges. Algorand has a total market cap of $1.77 billion and $617.60 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded up 31.5% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 5.2% lower against the dollar and now trades at $36.96 or 0.00057120 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $6.98 or 0.00010792 BTC.
• Internet Computer (ICP) traded down 5.8% against the dollar and now trades at $13.90 or 0.00021487 BTC.
• Hedera (HBAR) traded up 30.8% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cronos (CRO) traded 3.8% lower against the dollar and now trades at $0.13 or 0.00000195 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $8.52 or 0.00013169 BTC.
• Fetch.ai (FET) traded down 1.7% against the dollar and now trades at $2.43 or 0.00003762 BTC.
• Akash Network (AKT) traded 6.3% lower against the dollar and now trades at $4.93 or 0.00007566 BTC.
• Kava (KAVA) traded down 0.8% against the dollar and now trades at $0.74 or 0.00001147 BTC.
• Theta Fuel (TFUEL) traded 2.9% lower against the dollar and now trades at $0.11 or 0.00000173 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 8,138,104,568 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView