Algorand Price Down 5.9% This Week (ALGO)

Algorand (ALGO) traded up 5.8% against the dollar during the 1 day period ending at 21:00 PM E.T. on April 19th. During the last seven days, Algorand has traded down 5.9% against the dollar. One Algorand coin can currently be purchased for $0.18 or 0.00000277 BTC on major cryptocurrency exchanges. Algorand has a total market capitalization of $1.43 billion and $76.38 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded up 4.6% against the dollar and now trades at $34.67 or 0.00054556 BTC.
• Internet Computer (ICP) traded 15.3% higher against the dollar and now trades at $14.12 or 0.00022215 BTC.
• NEAR Protocol (NEAR) traded 3.2% higher against the dollar and now trades at $5.63 or 0.00008854 BTC.
• Cronos (CRO) traded 3.7% higher against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded 4.4% higher against the dollar and now trades at $8.22 or 0.00012938 BTC.
• Hedera (HBAR) traded 2.5% higher against the dollar and now trades at $0.0807 or 0.00000127 BTC.
• Fetch.ai (FET) traded 8.9% higher against the dollar and now trades at $2.12 or 0.00003332 BTC.
• Akash Network (AKT) traded down 1.8% against the dollar and now trades at $3.82 or 0.00006008 BTC.
• Kava (KAVA) traded up 4.6% against the dollar and now trades at $0.67 or 0.00001055 BTC.
• Theta Fuel (TFUEL) traded 4.9% higher against the dollar and now trades at $0.0862 or 0.00000136 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 8,130,156,225 coins. Algorand’s official message board is forum.algorand.org. 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.

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 purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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