Algorand (ALGO) Trading 11.9% Lower Over Last 7 Days

Algorand (ALGO) traded 0.7% lower against the U.S. dollar during the one day period ending at 9:00 AM E.T. on December 19th. Over the last week, Algorand has traded down 11.9% against the U.S. dollar. One Algorand coin can now be purchased for $0.11 or 0.00000128 BTC on popular cryptocurrency exchanges. Algorand has a total market capitalization of $998.17 million and $54.38 million worth of Algorand was traded on exchanges in the last day.

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

• Cronos (CRO) traded down 2% against the dollar and now trades at $0.0919 or 0.00000105 BTC.
• Avalanche (AVAX) traded 1.4% lower against the dollar and now trades at $12.05 or 0.00013703 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $1.50 or 0.00001705 BTC.
• Internet Computer (ICP) traded 3.8% lower against the dollar and now trades at $2.90 or 0.00003295 BTC.
• Cosmos (ATOM) traded down 2.7% against the dollar and now trades at $1.90 or 0.00002157 BTC.
• Fetch.ai (FET) traded down 1.7% against the dollar and now trades at $0.21 or 0.00000235 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 1% higher against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded down 1.2% against the dollar and now trades at $0.37 or 0.00000418 BTC.

Algorand Coin Profile

ALGO 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 8,833,953,096 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 Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org. The official website for Algorand is algorand.foundation.

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.”

Algorand Coin Trading

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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView