Algorand (ALGO) Trading Up 8.8% Over Last Week

Algorand (ALGO) traded down 1% against the dollar during the one day period ending at 7:00 AM Eastern on February 12th. Algorand has a market cap of $1.41 billion and approximately $59.31 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for approximately $0.17 or 0.00000365 BTC on major cryptocurrency exchanges. In the last seven days, Algorand has traded 8.8% higher against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $38.78 or 0.00081010 BTC.
  • Internet Computer (ICP) traded 5% lower against the dollar and now trades at $12.67 or 0.00026461 BTC.
  • Cosmos (ATOM) traded 5.5% lower against the dollar and now trades at $9.58 or 0.00020014 BTC.
  • NEAR Protocol (NEAR) traded 1.6% lower against the dollar and now trades at $3.10 or 0.00006476 BTC.
  • Hedera (HBAR) traded down 2.4% against the dollar and now trades at $0.0768 or 0.00000160 BTC.
  • Cronos (CRO) traded 3.7% lower against the dollar and now trades at $0.0856 or 0.00000179 BTC.
  • Kava (KAVA) traded 1.9% lower against the dollar and now trades at $0.71 or 0.00001476 BTC.
  • Akash Network (AKT) traded down 1.3% against the dollar and now trades at $3.08 or 0.00006427 BTC.
  • Fetch.ai (FET) traded down 1.8% against the dollar and now trades at $0.63 or 0.00001311 BTC.
  • Moonbeam (GLMR) traded down 4.9% against the dollar and now trades at $0.36 or 0.00000762 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 8,046,545,995 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is medium.com/algorand-foundation.

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

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