Algorand Price Down 1.4% This Week (ALGO)

Algorand (ALGO) traded down 0% against the US dollar during the twenty-four hour period ending at 0:00 AM E.T. on April 29th. During the last week, Algorand has traded down 1.4% against the US dollar. One Algorand coin can now be bought for about $0.19 or 0.00000298 BTC on cryptocurrency exchanges. Algorand has a total market capitalization of $1.54 billion and $68.56 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $34.83 or 0.00054745 BTC.
• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $6.89 or 0.00010825 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $13.25 or 0.00020832 BTC.
• Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.10 or 0.00000159 BTC.
• Cronos (CRO) traded 4.3% higher against the dollar and now trades at $0.13 or 0.00000212 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $8.16 or 0.00012825 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $2.14 or 0.00003360 BTC.
• Akash Network (AKT) traded 0.9% lower against the dollar and now trades at $4.34 or 0.00006799 BTC.
• Kava (KAVA) traded 0.2% higher against the dollar and now trades at $0.68 or 0.00001073 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.11 or 0.00000167 BTC.

About Algorand

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,141,316,720 coins. 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. Algorand’s official website is algorand.foundation. 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView