Algorand (ALGO) Price Up 13.5% This Week

Algorand (ALGO) traded up 0% against the U.S. dollar during the one day period ending at 11:00 AM E.T. on March 29th. Over the last seven days, Algorand has traded 13.5% higher against the U.S. dollar. Algorand has a market capitalization of $2.21 billion and $80.72 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for $0.27 or 0.00000395 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $52.88 or 0.00076285 BTC.
• Internet Computer (ICP) traded down 1% against the dollar and now trades at $17.38 or 0.00025072 BTC.
• NEAR Protocol (NEAR) traded 4.6% lower against the dollar and now trades at $6.94 or 0.00010004 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $12.33 or 0.00017779 BTC.
• Cronos (CRO) traded down 0.8% against the dollar and now trades at $0.15 or 0.00000219 BTC.
• Hedera (HBAR) traded down 0.8% against the dollar and now trades at $0.11 or 0.00000166 BTC.
• Fetch.ai (FET) traded 8.6% lower against the dollar and now trades at $3.10 or 0.00004469 BTC.
• Akash Network (AKT) traded 1.9% lower against the dollar and now trades at $5.24 or 0.00007489 BTC.
• Kava (KAVA) traded 2% higher against the dollar and now trades at $1.02 or 0.00001470 BTC.
• Theta Fuel (TFUEL) traded 3.4% lower against the dollar and now trades at $0.0825 or 0.00000119 BTC.

About Algorand

ALGO uses the hashing algorithm. Its launch date was June 19th, 2019. Algorand’s total supply is 8,082,355,380 coins. Algorand’s official message board is medium.com/algorand-foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView