Algorand (ALGO) Trading Up 25.5% Over Last 7 Days

Algorand (ALGO) traded 4.1% higher against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on August 24th. Over the last week, Algorand has traded 25.5% higher against the U.S. dollar. Algorand has a market cap of $1.21 billion and $26.87 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be purchased for $0.15 or 0.00000229 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded up 5.5% against the dollar and now trades at $27.74 or 0.00043245 BTC.
• NEAR Protocol (NEAR) traded 6.5% higher against the dollar and now trades at $4.96 or 0.00007739 BTC.
• Internet Computer (ICP) traded up 1.1% against the dollar and now trades at $8.63 or 0.00013456 BTC.
• Cronos (CRO) traded 3.7% higher against the dollar and now trades at $0.0913 or 0.00000142 BTC.
• Hedera (HBAR) traded up 4.2% against the dollar and now trades at $0.0607 or 0.00000095 BTC.
• Cosmos (ATOM) traded 7.5% higher against the dollar and now trades at $5.29 or 0.00008245 BTC.
• Fetch.ai (FET) traded 15.4% higher against the dollar and now trades at $1.27 or 0.00001987 BTC.
• Akash Network (AKT) traded up 10.6% against the dollar and now trades at $2.79 or 0.00004353 BTC.
• Theta Fuel (TFUEL) traded 7.6% higher against the dollar and now trades at $0.0657 or 0.00000102 BTC.
• Kava (KAVA) traded up 5.4% against the dollar and now trades at $0.38 or 0.00000586 BTC.

Algorand Coin Profile

Algorand (ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,227,631,787 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official website is algorand.foundation. The official message board for Algorand is forum.algorand.org. 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView