Algorand (ALGO) Price Up 17.5% This Week

Algorand (ALGO) traded up 1% against the US dollar during the 1 day period ending at 7:00 AM ET on April 26th. During the last week, Algorand has traded 17.5% higher against the US dollar. Algorand has a total market cap of $1.66 billion and $172.58 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for $0.20 or 0.00000317 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 1.1% higher against the dollar and now trades at $35.32 or 0.00054903 BTC.
• NEAR Protocol (NEAR) traded 9.3% higher against the dollar and now trades at $7.25 or 0.00011265 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $13.44 or 0.00020884 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cronos (CRO) traded up 5.2% against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $8.21 or 0.00012764 BTC.
• Fetch.ai (FET) traded up 0.8% against the dollar and now trades at $2.24 or 0.00003476 BTC.
• Akash Network (AKT) traded down 3% against the dollar and now trades at $4.68 or 0.00007255 BTC.
• Theta Fuel (TFUEL) traded up 3.5% against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Kava (KAVA) traded 0.7% lower against the dollar and now trades at $0.70 or 0.00001090 BTC.

About Algorand

Algorand (CRYPTO: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 8,138,286,297 coins. Algorand’s official message board 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.”

Algorand Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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