Algorand Trading Down 7.1% Over Last Week (ALGO)

Algorand (ALGO) traded up 0% against the U.S. dollar during the one day period ending at 13:00 PM Eastern on December 16th. During the last week, Algorand has traded down 7.1% against the U.S. dollar. One Algorand coin can now be bought for about $0.43 or 0.00000398 BTC on popular exchanges. Algorand has a market cap of $3.54 billion and approximately $347.90 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 0.1% lower against the dollar and now trades at $49.93 or 0.00046674 BTC.
• Hedera (HBAR) traded down 1.5% against the dollar and now trades at $0.29 or 0.00000268 BTC.
• NEAR Protocol (NEAR) traded down 0.3% against the dollar and now trades at $6.76 or 0.00006315 BTC.
• Internet Computer (ICP) traded 1.1% lower against the dollar and now trades at $12.94 or 0.00012095 BTC.
• Cronos (CRO) traded down 1.4% against the dollar and now trades at $0.18 or 0.00000165 BTC.
• Fetch.ai (FET) traded 1.5% lower against the dollar and now trades at $1.75 or 0.00001631 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $8.98 or 0.00008397 BTC.
• Akash Network (AKT) traded down 0.3% against the dollar and now trades at $3.81 or 0.00003560 BTC.
• Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.57 or 0.00000531 BTC.
• Theta Fuel (TFUEL) traded 3.8% lower against the dollar and now trades at $0.0802 or 0.00000075 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,318,389,400 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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. Algorand’s official website 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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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