Algorand (ALGO) Trading Up 31.5% Over Last 7 Days

Algorand (ALGO) traded 12.5% higher against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on April 24th. Algorand has a market capitalization of $1.77 billion and approximately $617.60 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for $0.22 or 0.00000335 BTC on popular cryptocurrency exchanges. In the last seven days, Algorand has traded up 31.5% against the US dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 5.2% lower against the dollar and now trades at $36.96 or 0.00057120 BTC.
• NEAR Protocol (NEAR) traded 1% lower against the dollar and now trades at $6.98 or 0.00010792 BTC.
• Internet Computer (ICP) traded 5.8% lower against the dollar and now trades at $13.90 or 0.00021487 BTC.
• Hedera (HBAR) traded 30.8% higher against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cronos (CRO) traded down 3.8% against the dollar and now trades at $0.13 or 0.00000195 BTC.
• Cosmos (ATOM) traded down 3.1% against the dollar and now trades at $8.52 or 0.00013169 BTC.
• Fetch.ai (FET) traded 1.7% lower against the dollar and now trades at $2.43 or 0.00003762 BTC.
• Akash Network (AKT) traded 6.3% lower against the dollar and now trades at $4.93 or 0.00007566 BTC.
• Kava (KAVA) traded down 0.8% against the dollar and now trades at $0.74 or 0.00001147 BTC.
• Theta Fuel (TFUEL) traded 2.9% lower against the dollar and now trades at $0.11 or 0.00000173 BTC.

Algorand Profile

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 8,138,104,568 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. Algorand’s official website is algorand.foundation. The official message board for Algorand is forum.algorand.org.

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 US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView