Algorand Trading Up 6.3% Over Last 7 Days (ALGO)

Algorand (ALGO) traded 3.3% lower against the dollar during the one day period ending at 7:00 AM Eastern on September 14th. Algorand has a total market cap of $2.15 billion and $104.78 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded 6.3% higher against the dollar. One Algorand coin can now be purchased for about $0.24 or 0.00000211 BTC on popular exchanges.

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

• Cronos (CRO) traded 5% lower against the dollar and now trades at $0.24 or 0.00000209 BTC.
• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $29.72 or 0.00025654 BTC.
• Hedera (HBAR) traded down 3.7% against the dollar and now trades at $0.24 or 0.00000208 BTC.
• NEAR Protocol (NEAR) traded down 5.3% against the dollar and now trades at $2.71 or 0.00002339 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $4.94 or 0.00004267 BTC.
• Cosmos (ATOM) traded 3.1% lower against the dollar and now trades at $4.70 or 0.00004055 BTC.
• Fetch.ai (FET) traded 3.9% lower against the dollar and now trades at $0.66 or 0.00000574 BTC.
• Kava (KAVA) traded down 2.4% against the dollar and now trades at $0.36 or 0.00000310 BTC.
• Akash Network (AKT) traded 3.1% lower against the dollar and now trades at $1.19 or 0.00001021 BTC.
• Theta Fuel (TFUEL) traded down 1.3% against the dollar and now trades at $0.0352 or 0.00000030 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,770,829,482 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 website is algorand.foundation. The official message board for Algorand is forum.algorand.org.

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 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, 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