Algorand Price Down 13.4% Over Last Week (ALGO)

Algorand (ALGO) traded down 3.7% against the US dollar during the 24-hour period ending at 0:00 AM Eastern on November 24th. One Algorand coin can currently be purchased for about $0.24 or 0.00001438 BTC on popular exchanges. Algorand has a total market cap of $1.68 billion and $71.12 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded down 13.4% against the US dollar.

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

  • Avalanche (AVAX) traded 4.7% lower against the dollar and now trades at $12.62 or 0.00076875 BTC.
  • Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $9.85 or 0.00059956 BTC.
  • Cronos (CRO) traded down 5.7% against the dollar and now trades at $0.0635 or 0.00000387 BTC.
  • NEAR Protocol (NEAR) traded down 5% against the dollar and now trades at $1.61 or 0.00009818 BTC.
  • Internet Computer (ICP) traded down 1.9% against the dollar and now trades at $3.80 or 0.00023160 BTC.
  • Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.0482 or 0.00000294 BTC.
  • PayProtocol Paycoin (PCI) traded 0.5% lower against the dollar and now trades at $0.24 or 0.00001425 BTC.
  • Kava (KAVA) traded 1.9% lower against the dollar and now trades at $0.89 or 0.00005396 BTC.
  • Theta Fuel (TFUEL) traded 2.6% lower against the dollar and now trades at $0.0467 or 0.00000284 BTC.
  • TerraClassicUSD (USTC) traded 4.1% lower against the dollar and now trades at $0.0201 or 0.00000123 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 7,338,104,051 coins and its circulating supply is 7,115,757,625 coins. Algorand’s official website is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official message board is medium.com/algorand-foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

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