Algorand Price Up 0% Over Last Week (ALGO)

Algorand (ALGO) traded 4.7% lower against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on August 11th. Over the last week, Algorand has traded up 0% against the U.S. dollar. Algorand has a market capitalization of $955.80 million and approximately $23.01 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.12 or 0.00000198 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 4.6% lower against the dollar and now trades at $20.63 or 0.00035134 BTC.
• NEAR Protocol (NEAR) traded down 6.5% against the dollar and now trades at $3.88 or 0.00006602 BTC.
• Internet Computer (ICP) traded down 6.6% against the dollar and now trades at $6.88 or 0.00011719 BTC.
• Cronos (CRO) traded 6.3% lower against the dollar and now trades at $0.0882 or 0.00000150 BTC.
• Cosmos (ATOM) traded 4.9% lower against the dollar and now trades at $4.95 or 0.00008426 BTC.
• Hedera (HBAR) traded 4.9% lower against the dollar and now trades at $0.0532 or 0.00000091 BTC.
• Fetch.ai (FET) traded down 3.1% against the dollar and now trades at $0.82 or 0.00001399 BTC.
• Akash Network (AKT) traded down 5.8% against the dollar and now trades at $2.60 or 0.00004349 BTC.
• Theta Fuel (TFUEL) traded down 6.1% against the dollar and now trades at $0.0551 or 0.00000094 BTC.
• Kava (KAVA) traded 5.9% lower against the dollar and now trades at $0.32 or 0.00000540 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,226,726,688 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 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.

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.”

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 Changelly, GDAX or Coinbase. 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