Algorand Price Up 1.8% Over Last 7 Days (ALGO)

Algorand (ALGO) traded up 3.1% against the dollar during the 24 hour period ending at 7:00 AM E.T. on April 11th. Algorand has a total market capitalization of $1.55 billion and $94.03 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for about $0.18 or 0.00000221 BTC on exchanges. During the last week, Algorand has traded 1.8% higher against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded 0.3% lower against the dollar and now trades at $0.0865 or 0.00000105 BTC.
• Avalanche (AVAX) traded 5% higher against the dollar and now trades at $18.86 or 0.00022982 BTC.
• Hedera (HBAR) traded 0.6% higher against the dollar and now trades at $0.17 or 0.00000209 BTC.
• NEAR Protocol (NEAR) traded 0.6% higher against the dollar and now trades at $2.05 or 0.00002499 BTC.
• Internet Computer (ICP) traded up 0.5% against the dollar and now trades at $4.94 or 0.00006024 BTC.
• Cosmos (ATOM) traded down 2.8% against the dollar and now trades at $4.25 or 0.00005177 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $0.44 or 0.00000535 BTC.
• Kava (KAVA) traded down 0.1% against the dollar and now trades at $0.42 or 0.00000510 BTC.
• Akash Network (AKT) traded 4% higher against the dollar and now trades at $1.04 or 0.00001266 BTC.
• Theta Fuel (TFUEL) traded 1.6% lower against the dollar and now trades at $0.0331 or 0.00000040 BTC.

Algorand Profile

Algorand (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 8,560,014,556 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. Algorand’s official message board is forum.algorand.org. The official website for Algorand is algorand.foundation.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Buying and Selling Algorand

It is usually not currently 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 exchanges listed above.

ALGO/USD price chart by TradingView