Algorand (ALGO) Trading Up 17.9% Over Last 7 Days

Algorand (ALGO) traded up 0% against the US dollar during the 1-day period ending at 14:00 PM Eastern on January 21st. Algorand has a market capitalization of $3.69 billion and approximately $346.42 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.44 or 0.00000412 BTC on cryptocurrency exchanges. In the last week, Algorand has traded 17.9% higher against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 2.7% higher against the dollar and now trades at $37.55 or 0.00035111 BTC.
• Hedera (HBAR) traded 0% higher against the dollar and now trades at $0.35 or 0.00000324 BTC.
• NEAR Protocol (NEAR) traded up 3.6% against the dollar and now trades at $5.31 or 0.00004968 BTC.
• Internet Computer (ICP) traded 2.2% higher against the dollar and now trades at $10.14 or 0.00009478 BTC.
• Cronos (CRO) traded up 8.2% against the dollar and now trades at $0.14 or 0.00000134 BTC.
• Fetch.ai (FET) traded up 6% against the dollar and now trades at $1.27 or 0.00001192 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $6.34 or 0.00005932 BTC.
• Akash Network (AKT) traded up 3.5% against the dollar and now trades at $3.00 or 0.00002819 BTC.
• Kava (KAVA) traded 6.9% higher against the dollar and now trades at $0.48 or 0.00000451 BTC.
• Theta Fuel (TFUEL) traded 3.2% higher against the dollar and now trades at $0.0659 or 0.00000062 BTC.

Algorand Coin Profile

Algorand (ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,386,886,374 coins. The official message board for Algorand 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. 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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView