Algorand Trading 11.2% Lower This Week (ALGO)

Algorand (ALGO) traded 6.8% lower against the US dollar during the 24 hour period ending at 16:00 PM E.T. on July 25th. One Algorand coin can now be bought for approximately $0.13 or 0.00000206 BTC on major cryptocurrency exchanges. Over the last week, Algorand has traded down 11.2% against the US dollar. Algorand has a market cap of $1.10 billion and approximately $38.99 million worth of Algorand was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 8.1% lower against the dollar and now trades at $26.60 or 0.00041052 BTC.
• NEAR Protocol (NEAR) traded 9.7% lower against the dollar and now trades at $5.18 or 0.00007997 BTC.
• Internet Computer (ICP) traded 2.6% lower against the dollar and now trades at $9.46 or 0.00014598 BTC.
• Cronos (CRO) traded down 4.8% against the dollar and now trades at $0.0882 or 0.00000136 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0643 or 0.00000099 BTC.
• Cosmos (ATOM) traded 6.3% lower against the dollar and now trades at $5.75 or 0.00008874 BTC.
• Fetch.ai (FET) traded down 5.4% against the dollar and now trades at $1.16 or 0.00001797 BTC.
• Akash Network (AKT) traded down 7.8% against the dollar and now trades at $3.03 or 0.00004676 BTC.
• Theta Fuel (TFUEL) traded 7.3% lower against the dollar and now trades at $0.0639 or 0.00000099 BTC.
• Kava (KAVA) traded down 6.6% against the dollar and now trades at $0.38 or 0.00000587 BTC.

Algorand 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 8,226,808,459 coins. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official message board 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView