Algorand Price Up 4.8% Over Last Week (ALGO)

Algorand (ALGO) traded down 0.5% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on March 6th. One Algorand coin can currently be purchased for about $0.25 or 0.00000276 BTC on major cryptocurrency exchanges. Algorand has a market capitalization of $2.13 billion and approximately $114.95 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded 4.8% higher against the U.S. dollar.

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

• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.25 or 0.00000272 BTC.
• Avalanche (AVAX) traded 3.6% higher against the dollar and now trades at $21.89 or 0.00024047 BTC.
• NEAR Protocol (NEAR) traded up 8.9% against the dollar and now trades at $3.16 or 0.00003467 BTC.
• Internet Computer (ICP) traded 3% higher against the dollar and now trades at $6.39 or 0.00007022 BTC.
• Cronos (CRO) traded up 22.9% against the dollar and now trades at $0.0950 or 0.00000104 BTC.
• Cosmos (ATOM) traded up 4.1% against the dollar and now trades at $4.41 or 0.00004840 BTC.
• Fetch.ai (FET) traded 5.4% higher against the dollar and now trades at $0.64 or 0.00000706 BTC.
• Kava (KAVA) traded 5.5% higher against the dollar and now trades at $0.46 or 0.00000500 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $1.44 or 0.00001578 BTC.
• Theta Fuel (TFUEL) traded up 4% against the dollar and now trades at $0.0433 or 0.00000048 BTC.

About Algorand

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 8,468,804,693 coins. Algorand’s official message board 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. 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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView