Algorand (ALGO) Price Up 5.6% Over Last 7 Days

Algorand (ALGO) traded 1.1% higher against the US dollar during the 1 day period ending at 12:00 PM Eastern on August 12th. One Algorand coin can currently be purchased for about $0.12 or 0.00000200 BTC on major cryptocurrency exchanges. During the last week, Algorand has traded 5.6% higher against the US dollar. Algorand has a market capitalization of $985.93 million and approximately $30.39 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.3% against the dollar and now trades at $21.25 or 0.00035517 BTC.
• NEAR Protocol (NEAR) traded 3% higher against the dollar and now trades at $4.07 or 0.00006807 BTC.
• Internet Computer (ICP) traded up 2.1% against the dollar and now trades at $7.22 or 0.00012061 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0882 or 0.00000147 BTC.
• Cosmos (ATOM) traded 1.5% higher against the dollar and now trades at $5.09 or 0.00008504 BTC.
• Hedera (HBAR) traded down 0.2% against the dollar and now trades at $0.0546 or 0.00000091 BTC.
• Fetch.ai (FET) traded 1.1% higher against the dollar and now trades at $0.87 or 0.00001453 BTC.
• Akash Network (AKT) traded down 1.7% against the dollar and now trades at $2.64 or 0.00004397 BTC.
• Theta Fuel (TFUEL) traded 0.2% lower against the dollar and now trades at $0.0564 or 0.00000094 BTC.
• Kava (KAVA) traded up 0.3% against the dollar and now trades at $0.33 or 0.00000547 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,226,722,610 coins. 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. The official website for Algorand is algorand.foundation. 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView