Algorand (ALGO) Trading Up 16.7% Over Last Week

Algorand (ALGO) traded 2.7% lower against the US dollar during the 1-day period ending at 8:00 AM Eastern on April 27th. Algorand has a market capitalization of $1.91 billion and $58.51 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for about $0.22 or 0.00000236 BTC on popular cryptocurrency exchanges. During the last seven days, Algorand has traded up 16.7% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $22.09 or 0.00023518 BTC.
• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.0911 or 0.00000097 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.19 or 0.00000201 BTC.
• NEAR Protocol (NEAR) traded 2.3% lower against the dollar and now trades at $2.55 or 0.00002718 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $5.10 or 0.00005429 BTC.
• Fetch.ai (FET) traded up 2.6% against the dollar and now trades at $0.77 or 0.00000815 BTC.
• Cosmos (ATOM) traded 1.8% lower against the dollar and now trades at $4.48 or 0.00004774 BTC.
• Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.46 or 0.00000493 BTC.
• Akash Network (AKT) traded 1.7% lower against the dollar and now trades at $1.24 or 0.00001322 BTC.
• Theta Fuel (TFUEL) traded up 1% against the dollar and now trades at $0.0378 or 0.00000040 BTC.

Algorand Coin Profile

Algorand (ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,587,683,422 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. The official website for Algorand is algorand.foundation.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Algorand Coin Trading

It is usually not presently 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, Coinbase or Changelly. 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