Algorand Price Down 4.5% Over Last Week (ALGO)

Algorand (ALGO) traded 0.7% higher against the U.S. dollar during the 1-day period ending at 21:00 PM E.T. on September 17th. Algorand has a market capitalization of $1.02 billion and $20.72 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for $0.12 or 0.00000205 BTC on cryptocurrency exchanges. During the last week, Algorand has traded down 4.5% against the U.S. dollar.

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

• Avalanche (AVAX) traded 2% higher against the dollar and now trades at $23.72 or 0.00039385 BTC.
• NEAR Protocol (NEAR) traded up 5.9% against the dollar and now trades at $4.07 or 0.00006754 BTC.
• Internet Computer (ICP) traded 0.5% lower against the dollar and now trades at $7.85 or 0.00013039 BTC.
• Cronos (CRO) traded 1.2% higher against the dollar and now trades at $0.0798 or 0.00000132 BTC.
• Hedera (HBAR) traded 1.2% higher against the dollar and now trades at $0.0496 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.6% higher against the dollar and now trades at $4.17 or 0.00006919 BTC.
• Fetch.ai (FET) traded 7.8% higher against the dollar and now trades at $1.34 or 0.00002224 BTC.
• Akash Network (AKT) traded 2.8% higher against the dollar and now trades at $2.47 or 0.00004121 BTC.
• Theta Fuel (TFUEL) traded 2.6% higher against the dollar and now trades at $0.0613 or 0.00000102 BTC.
• Kava (KAVA) traded up 4.5% against the dollar and now trades at $0.31 or 0.00000508 BTC.

Algorand Coin Profile

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 8,252,095,150 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org. 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 buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView