Algorand Trading 10.9% Lower This Week (ALGO)

Algorand (ALGO) traded down 0.1% against the dollar during the 1 day period ending at 20:00 PM ET on October 5th. Over the last week, Algorand has traded down 10.9% against the dollar. One Algorand coin can currently be purchased for approximately $0.13 or 0.00000203 BTC on popular cryptocurrency exchanges. Algorand has a market cap of $1.04 billion and $15.57 million worth of Algorand was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 2.1% against the dollar and now trades at $25.69 or 0.00041392 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $4.78 or 0.00007699 BTC.
• Internet Computer (ICP) traded 1.8% lower against the dollar and now trades at $8.21 or 0.00013223 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0801 or 0.00000129 BTC.
• Hedera (HBAR) traded 2.9% lower against the dollar and now trades at $0.0531 or 0.00000086 BTC.
• Cosmos (ATOM) traded up 0.3% against the dollar and now trades at $4.63 or 0.00007462 BTC.
• Fetch.ai (FET) traded 4.1% lower against the dollar and now trades at $1.41 or 0.00002264 BTC.
• Akash Network (AKT) traded down 0.7% against the dollar and now trades at $2.51 or 0.00004043 BTC.
• Theta Fuel (TFUEL) traded 0.9% lower against the dollar and now trades at $0.0628 or 0.00000101 BTC.
• Kava (KAVA) traded down 1.4% against the dollar and now trades at $0.33 or 0.00000533 BTC.

Algorand Profile

Algorand 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 8,282,754,996 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. Algorand’s official message board is forum.algorand.org. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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.”

Algorand Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView