Algorand (ALGO) Trading 5.8% Lower Over Last 7 Days

Algorand (ALGO) traded 0.4% lower against the dollar during the 1 day period ending at 9:00 AM Eastern on December 7th. Over the last week, Algorand has traded down 5.8% against the dollar. Algorand has a market cap of $1.17 billion and approximately $30.98 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.13 or 0.00000149 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.10 or 0.00000116 BTC.
• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $13.34 or 0.00014995 BTC.
• Hedera (HBAR) traded 0% lower against the dollar and now trades at $0.13 or 0.00000149 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $1.68 or 0.00001893 BTC.
• Internet Computer (ICP) traded down 2.2% against the dollar and now trades at $3.42 or 0.00003844 BTC.
• Cosmos (ATOM) traded down 1.6% against the dollar and now trades at $2.18 or 0.00002453 BTC.
• Fetch.ai (FET) traded down 2.7% against the dollar and now trades at $0.23 or 0.00000258 BTC.
• Theta Fuel (TFUEL) traded 0.5% higher against the dollar and now trades at $0.0210 or 0.00000024 BTC.
• PayProtocol Paycoin (PCI) traded up 1% against the dollar and now trades at $0.0652 or 0.00000073 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $0.43 or 0.00000483 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,815,701,838 coins. The official website for Algorand is algorand.foundation. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here.

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.”

Buying and Selling Algorand

It is usually not currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView