Algorand Price Up 1.3% Over Last Week (ALGO)

Algorand (ALGO) traded down 2.4% against the US dollar during the one day period ending at 9:00 AM E.T. on December 31st. During the last week, Algorand has traded 1.3% higher against the US dollar. One Algorand coin can now be bought for $0.11 or 0.00000127 BTC on major exchanges. Algorand has a market cap of $995.17 million and $30.11 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.0935 or 0.00000105 BTC.
• Avalanche (AVAX) traded 0.8% higher against the dollar and now trades at $12.59 or 0.00014165 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.11 or 0.00000124 BTC.
• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $1.52 or 0.00001708 BTC.
• Internet Computer (ICP) traded down 3.4% against the dollar and now trades at $2.80 or 0.00003154 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $1.96 or 0.00002210 BTC.
• Fetch.ai (FET) traded 0.4% lower against the dollar and now trades at $0.21 or 0.00000233 BTC.
• PayProtocol Paycoin (PCI) traded 0.2% lower against the dollar and now trades at $0.0683 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0177 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.1% against the dollar and now trades at $0.37 or 0.00000415 BTC.

Algorand Profile

Algorand 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 8,836,729,268 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, “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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView