Algorand (ALGO) Price Up 23.9% Over Last Week

Algorand (ALGO) traded 1.6% lower against the dollar during the one day period ending at 13:00 PM Eastern on January 5th. Algorand has a market cap of $3.38 billion and approximately $202.02 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for about $0.40 or 0.00000414 BTC on major cryptocurrency exchanges. In the last week, Algorand has traded 23.9% higher against the dollar.

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

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $41.79 or 0.00042804 BTC.
• Hedera (HBAR) traded 3% lower against the dollar and now trades at $0.30 or 0.00000305 BTC.
• NEAR Protocol (NEAR) traded 1.2% lower against the dollar and now trades at $5.73 or 0.00005874 BTC.
• Internet Computer (ICP) traded 2.7% lower against the dollar and now trades at $11.98 or 0.00012267 BTC.
• Cronos (CRO) traded down 2.9% against the dollar and now trades at $0.16 or 0.00000162 BTC.
• Fetch.ai (FET) traded 0.6% higher against the dollar and now trades at $1.50 or 0.00001533 BTC.
• Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $7.22 or 0.00007394 BTC.
• Akash Network (AKT) traded down 3.8% against the dollar and now trades at $3.37 or 0.00003444 BTC.
• Kava (KAVA) traded 0.6% lower against the dollar and now trades at $0.55 or 0.00000558 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0678 or 0.00000069 BTC.

About Algorand

Algorand (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 8,352,677,796 coins. Algorand’s official website is algorand.foundation. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here.

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

ALGO/USD price chart by TradingView