Algorand (ALGO) Trading Up 41.9% This Week

Algorand (ALGO) traded up 15.6% against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on November 18th. One Algorand coin can now be bought for $0.22 or 0.00000236 BTC on popular exchanges. Algorand has a market capitalization of $1.78 billion and approximately $565.60 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last week, Algorand has traded up 41.9% against the dollar.

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

• Avalanche (AVAX) traded down 0.1% against the dollar and now trades at $35.68 or 0.00038982 BTC.
• NEAR Protocol (NEAR) traded up 4.9% against the dollar and now trades at $6.15 or 0.00006717 BTC.
• Hedera (HBAR) traded up 48.8% against the dollar and now trades at $0.13 or 0.00000144 BTC.
• Cronos (CRO) traded 6.8% higher against the dollar and now trades at $0.17 or 0.00000187 BTC.
• Internet Computer (ICP) traded up 1.4% against the dollar and now trades at $9.42 or 0.00010296 BTC.
• Fetch.ai (FET) traded up 8.3% against the dollar and now trades at $1.38 or 0.00001508 BTC.
• Cosmos (ATOM) traded 12.5% higher against the dollar and now trades at $6.51 or 0.00007113 BTC.
• Akash Network (AKT) traded up 13.5% against the dollar and now trades at $3.70 or 0.00004031 BTC.
• Kava (KAVA) traded up 4.9% against the dollar and now trades at $0.49 or 0.00000532 BTC.
• Theta Fuel (TFUEL) traded 10.8% higher against the dollar and now trades at $0.0737 or 0.00000081 BTC.

About Algorand

Algorand uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,273,922,655 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. 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 US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US 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