Algorand (ALGO) Price Down 13.9% Over Last Week

Algorand (ALGO) traded down 7% against the dollar during the 1 day period ending at 21:00 PM Eastern on April 30th. One Algorand coin can now be purchased for about $0.18 or 0.00000293 BTC on exchanges. Algorand has a market cap of $1.43 billion and $87.38 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded 13.9% lower against the dollar.

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

• Avalanche (AVAX) traded 7.1% lower against the dollar and now trades at $32.60 or 0.00054210 BTC.
• NEAR Protocol (NEAR) traded 10.4% lower against the dollar and now trades at $6.12 or 0.00010169 BTC.
• Internet Computer (ICP) traded down 1.7% against the dollar and now trades at $13.04 or 0.00021685 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.13 or 0.00000221 BTC.
• Hedera (HBAR) traded down 8.7% against the dollar and now trades at $0.0934 or 0.00000155 BTC.
• Cosmos (ATOM) traded up 1.7% against the dollar and now trades at $8.29 or 0.00013779 BTC.
• Fetch.ai (FET) traded down 7.3% against the dollar and now trades at $2.01 or 0.00003336 BTC.
• Akash Network (AKT) traded down 6.2% against the dollar and now trades at $4.02 or 0.00006652 BTC.
• Kava (KAVA) traded down 6.4% against the dollar and now trades at $0.64 or 0.00001068 BTC.
• Theta Fuel (TFUEL) traded 9.6% lower against the dollar and now trades at $0.0978 or 0.00000163 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,141,310,556 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 message board is forum.algorand.org. 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 possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView