Algorand (ALGO) Price Up 1.6% This Week

Algorand (ALGO) traded 4.1% lower against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. on September 30th. One Algorand coin can now be purchased for $0.14 or 0.00000215 BTC on cryptocurrency exchanges. During the last seven days, Algorand has traded 1.6% higher against the U.S. dollar. Algorand has a total market capitalization of $1.13 billion and approximately $27.21 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $28.16 or 0.00044349 BTC.
• NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $5.43 or 0.00008556 BTC.
• Internet Computer (ICP) traded 6% lower against the dollar and now trades at $9.14 or 0.00014401 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0845 or 0.00000133 BTC.
• Hedera (HBAR) traded 4.7% lower against the dollar and now trades at $0.0589 or 0.00000093 BTC.
• Cosmos (ATOM) traded down 5.2% against the dollar and now trades at $4.82 or 0.00007599 BTC.
• Fetch.ai (FET) traded 4% lower against the dollar and now trades at $1.56 or 0.00002462 BTC.
• Akash Network (AKT) traded down 6% against the dollar and now trades at $2.78 or 0.00004388 BTC.
• Theta Fuel (TFUEL) traded 4.3% lower against the dollar and now trades at $0.0669 or 0.00000105 BTC.
• Kava (KAVA) traded 5.2% lower against the dollar and now trades at $0.37 or 0.00000582 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 8,265,209,048 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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. The official website for Algorand is algorand.foundation.

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 U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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