Algorand Trading Down 10.1% This Week (ALGO)

Algorand (ALGO) traded down 7.8% against the US dollar during the one day period ending at 14:00 PM Eastern on April 30th. Algorand has a market cap of $1.41 billion and $79.00 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for approximately $0.17 or 0.00000287 BTC on major cryptocurrency exchanges. During the last week, Algorand has traded down 10.1% against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 7.4% against the dollar and now trades at $32.43 or 0.00053805 BTC.
• NEAR Protocol (NEAR) traded down 12% against the dollar and now trades at $5.99 or 0.00009937 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $12.87 or 0.00021346 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.13 or 0.00000215 BTC.
• Hedera (HBAR) traded down 10.4% against the dollar and now trades at $0.0922 or 0.00000153 BTC.
• Cosmos (ATOM) traded down 4% against the dollar and now trades at $7.82 or 0.00012967 BTC.
• Fetch.ai (FET) traded down 8.6% against the dollar and now trades at $1.94 or 0.00003224 BTC.
• Akash Network (AKT) traded 8.7% lower against the dollar and now trades at $3.93 or 0.00006508 BTC.
• Kava (KAVA) traded 7.2% lower against the dollar and now trades at $0.63 or 0.00001050 BTC.
• Theta Fuel (TFUEL) traded 6.8% lower against the dollar and now trades at $0.0990 or 0.00000164 BTC.

Algorand Coin Profile

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 8,141,312,811 coins. 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. The official message board for Algorand is forum.algorand.org.

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 possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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