Algorand (ALGO) Trading Down 2.5% Over Last Week

Algorand (ALGO) traded 2.8% lower against the US dollar during the 24-hour period ending at 11:00 AM E.T. on October 23rd. Over the last week, Algorand has traded down 2.5% against the US dollar. One Algorand coin can now be purchased for approximately $0.12 or 0.00000182 BTC on exchanges. Algorand has a total market capitalization of $1.00 billion and $20.96 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 4.1% lower against the dollar and now trades at $26.67 or 0.00040145 BTC.
• NEAR Protocol (NEAR) traded down 2.6% against the dollar and now trades at $4.58 or 0.00006893 BTC.
• Internet Computer (ICP) traded 3.8% higher against the dollar and now trades at $8.26 or 0.00012440 BTC.
• Cronos (CRO) traded 1.8% lower against the dollar and now trades at $0.0759 or 0.00000114 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0514 or 0.00000077 BTC.
• Cosmos (ATOM) traded 2.9% lower against the dollar and now trades at $4.62 or 0.00006953 BTC.
• Fetch.ai (FET) traded down 3.3% against the dollar and now trades at $1.32 or 0.00001983 BTC.
• Akash Network (AKT) traded up 0.3% against the dollar and now trades at $2.45 or 0.00003678 BTC.
• Theta Fuel (TFUEL) traded down 2.7% against the dollar and now trades at $0.0589 or 0.00000089 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.35 or 0.00000523 BTC.

About Algorand

Algorand 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 8,324,651,443 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. The official message board for Algorand is forum.algorand.org. 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.”

Algorand Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView