Algorand Trading Down 23.4% This Week (ALGO)

Algorand (ALGO) traded up 3.6% against the U.S. dollar during the 24-hour period ending at 20:00 PM Eastern on April 18th. One Algorand coin can currently be purchased for about $0.17 or 0.00000275 BTC on popular cryptocurrency exchanges. Algorand has a market capitalization of $1.42 billion and $54.06 million worth of Algorand was traded on exchanges in the last day. During the last seven days, Algorand has traded 23.4% lower against the U.S. dollar.

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

• Avalanche (AVAX) traded 3.8% higher against the dollar and now trades at $34.82 or 0.00054814 BTC.
• NEAR Protocol (NEAR) traded up 5.5% against the dollar and now trades at $5.71 or 0.00008989 BTC.
• Internet Computer (ICP) traded 7.7% higher against the dollar and now trades at $12.78 or 0.00020114 BTC.
• Cronos (CRO) traded up 2.1% against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded up 1.9% against the dollar and now trades at $8.20 or 0.00012913 BTC.
• Hedera (HBAR) traded 5.3% higher against the dollar and now trades at $0.0824 or 0.00000130 BTC.
• Fetch.ai (FET) traded 3.1% higher against the dollar and now trades at $2.04 or 0.00003219 BTC.
• Akash Network (AKT) traded 3.7% higher against the dollar and now trades at $3.89 or 0.00006129 BTC.
• Kava (KAVA) traded 4.2% higher against the dollar and now trades at $0.67 or 0.00001056 BTC.
• Theta Fuel (TFUEL) traded up 9.1% against the dollar and now trades at $0.0880 or 0.00000139 BTC.

Algorand Profile

Algorand (CRYPTO: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 8,130,165,090 coins. The official website for Algorand is algorand.foundation. 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.

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 currently 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 Gemini, GDAX or Coinbase. 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