Algorand Trading 1.9% Higher Over Last 7 Days (ALGO)

Algorand (ALGO) traded down 0.8% against the dollar during the 1-day period ending at 11:00 AM ET on October 15th. During the last week, Algorand has traded 1.9% higher against the dollar. Algorand has a total market cap of $1.04 billion and $32.89 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for about $0.12 or 0.00000191 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 3.5% lower against the dollar and now trades at $28.49 or 0.00043576 BTC.
• NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $5.02 or 0.00007672 BTC.
• Internet Computer (ICP) traded 2.2% lower against the dollar and now trades at $8.04 or 0.00012301 BTC.
• Hedera (HBAR) traded up 4.2% against the dollar and now trades at $0.0550 or 0.00000084 BTC.
• Cronos (CRO) traded 2.3% lower against the dollar and now trades at $0.0770 or 0.00000118 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $4.46 or 0.00006827 BTC.
• Fetch.ai (FET) traded 2.4% lower against the dollar and now trades at $1.45 or 0.00002223 BTC.
• Akash Network (AKT) traded 2.7% lower against the dollar and now trades at $2.49 or 0.00003708 BTC.
• Theta Fuel (TFUEL) traded 2.1% lower against the dollar and now trades at $0.0617 or 0.00000094 BTC.
• Kava (KAVA) traded up 6.5% against the dollar and now trades at $0.37 or 0.00000574 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,317,680,957 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand 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.”

Buying and Selling Algorand

It is usually not possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView