Algorand Price Up 0.1% This Week (ALGO)

Algorand (ALGO) traded 1.6% lower against the US dollar during the 24-hour period ending at 16:00 PM E.T. on October 21st. One Algorand coin can now be bought for about $0.13 or 0.00000187 BTC on cryptocurrency exchanges. During the last seven days, Algorand has traded up 0.1% against the US dollar. Algorand has a total market capitalization of $1.05 billion and $31.65 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 1.4% against the dollar and now trades at $27.86 or 0.00041115 BTC.
• NEAR Protocol (NEAR) traded 1% lower against the dollar and now trades at $4.83 or 0.00007134 BTC.
• Internet Computer (ICP) traded down 2.2% against the dollar and now trades at $8.04 or 0.00011864 BTC.
• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.0779 or 0.00000115 BTC.
• Hedera (HBAR) traded 0.8% lower against the dollar and now trades at $0.0540 or 0.00000080 BTC.
• Cosmos (ATOM) traded up 6.8% against the dollar and now trades at $4.93 or 0.00007275 BTC.
• Fetch.ai (FET) traded down 2.8% against the dollar and now trades at $1.40 or 0.00002065 BTC.
• Akash Network (AKT) traded down 2% against the dollar and now trades at $2.50 or 0.00003701 BTC.
• Theta Fuel (TFUEL) traded down 2.2% against the dollar and now trades at $0.0614 or 0.00000091 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.37 or 0.00000543 BTC.

Algorand Profile

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 8,321,663,710 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView