Algorand (ALGO) Trading Up 15.4% This Week

Algorand (ALGO) traded 0.7% lower against the U.S. dollar during the one day period ending at 23:00 PM E.T. on July 11th. Over the last week, Algorand has traded up 15.4% against the U.S. dollar. Algorand has a market capitalization of $1.13 billion and $27.41 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.14 or 0.00000241 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 0.5% higher against the dollar and now trades at $25.47 or 0.00044698 BTC.
• NEAR Protocol (NEAR) traded 8.6% higher against the dollar and now trades at $4.99 or 0.00008751 BTC.
• Internet Computer (ICP) traded up 1.9% against the dollar and now trades at $7.33 or 0.00012855 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0656 or 0.00000115 BTC.
• Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $5.97 or 0.00010472 BTC.
• Cronos (CRO) traded 1.4% higher against the dollar and now trades at $0.0858 or 0.00000151 BTC.
• Fetch.ai (FET) traded 2.7% lower against the dollar and now trades at $1.15 or 0.00002022 BTC.
• Akash Network (AKT) traded 6.1% lower against the dollar and now trades at $3.34 or 0.00005834 BTC.
• Theta Fuel (TFUEL) traded 0.2% higher against the dollar and now trades at $0.0662 or 0.00000116 BTC.
• Kava (KAVA) traded down 1.6% against the dollar and now trades at $0.38 or 0.00000669 BTC.

Algorand Profile

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 8,228,345,894 coins. The official website for Algorand is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 presently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView