Algorand (ALGO) Trading 30.8% Lower Over Last Week

Algorand (ALGO) traded 7.1% lower against the US dollar during the 24 hour period ending at 13:00 PM E.T. on February 6th. In the last seven days, Algorand has traded down 30.8% against the US dollar. One Algorand coin can currently be purchased for approximately $0.27 or 0.00000278 BTC on major exchanges. Algorand has a market cap of $2.26 billion and approximately $161.03 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 4.8% lower against the dollar and now trades at $24.72 or 0.00025620 BTC.
• Hedera (HBAR) traded 4.5% lower against the dollar and now trades at $0.23 or 0.00000239 BTC.
• NEAR Protocol (NEAR) traded down 3.2% against the dollar and now trades at $3.17 or 0.00003289 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $6.72 or 0.00006965 BTC.
• Cronos (CRO) traded 6.8% lower against the dollar and now trades at $0.0953 or 0.00000099 BTC.
• Cosmos (ATOM) traded 5.9% lower against the dollar and now trades at $4.44 or 0.00004601 BTC.
• Fetch.ai (FET) traded down 4.2% against the dollar and now trades at $0.72 or 0.00000747 BTC.
• Kava (KAVA) traded 2.5% lower against the dollar and now trades at $0.46 or 0.00000472 BTC.
• Akash Network (AKT) traded down 6.7% against the dollar and now trades at $1.86 or 0.00001927 BTC.
• Theta Fuel (TFUEL) traded 7.8% lower against the dollar and now trades at $0.0452 or 0.00000047 BTC.

About Algorand

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,424,306,668 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView