Algorand Trading 59.9% Higher Over Last Week (ALGO)

Algorand (ALGO) traded 10.5% lower against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on December 4th. One Algorand coin can now be bought for about $0.48 or 0.00000501 BTC on major exchanges. Algorand has a total market capitalization of $3.94 billion and $1.15 billion worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded up 59.9% against the dollar.

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

• Avalanche (AVAX) traded up 8.1% against the dollar and now trades at $53.44 or 0.00056306 BTC.
• Hedera (HBAR) traded down 14.2% against the dollar and now trades at $0.28 or 0.00000300 BTC.
• NEAR Protocol (NEAR) traded up 4.5% against the dollar and now trades at $7.30 or 0.00007695 BTC.
• Internet Computer (ICP) traded 5.4% higher against the dollar and now trades at $14.32 or 0.00015086 BTC.
• Cronos (CRO) traded 13.7% higher against the dollar and now trades at $0.21 or 0.00000226 BTC.
• Fetch.ai (FET) traded 4% higher against the dollar and now trades at $1.90 or 0.00002004 BTC.
• Cosmos (ATOM) traded up 9.1% against the dollar and now trades at $9.93 or 0.00010464 BTC.
• Akash Network (AKT) traded up 2.6% against the dollar and now trades at $4.15 or 0.00004369 BTC.
• Kava (KAVA) traded up 11.9% against the dollar and now trades at $0.70 or 0.00000739 BTC.
• Theta Fuel (TFUEL) traded 11% higher against the dollar and now trades at $0.0923 or 0.00000097 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,294,181,646 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org.

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

ALGO/USD price chart by TradingView