Algorand Price Up 7.8% Over Last Week (ALGO)

Algorand (ALGO) traded up 4.1% against the dollar during the 24 hour period ending at 13:00 PM E.T. on February 14th. One Algorand coin can now be bought for about $0.30 or 0.00000310 BTC on cryptocurrency exchanges. Over the last seven days, Algorand has traded up 7.8% against the dollar. Algorand has a total market capitalization of $2.57 billion and approximately $120.29 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 6.3% higher against the dollar and now trades at $26.92 or 0.00027360 BTC.
• Hedera (HBAR) traded 7.2% higher against the dollar and now trades at $0.24 or 0.00000240 BTC.
• NEAR Protocol (NEAR) traded up 8.2% against the dollar and now trades at $3.59 or 0.00003649 BTC.
• Internet Computer (ICP) traded up 4.1% against the dollar and now trades at $7.35 or 0.00007467 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.0926 or 0.00000094 BTC.
• Fetch.ai (FET) traded up 7.6% against the dollar and now trades at $0.83 or 0.00000847 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $5.03 or 0.00005111 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $0.49 or 0.00000499 BTC.
• Akash Network (AKT) traded 1.9% higher against the dollar and now trades at $1.93 or 0.00001956 BTC.
• Theta Fuel (TFUEL) traded 2.6% higher against the dollar and now trades at $0.0508 or 0.00000052 BTC.

About Algorand

ALGO 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 8,440,202,110 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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 possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView