Algorand Trading Up 3.2% Over Last 7 Days (ALGO)

Algorand (ALGO) traded 2.8% lower against the dollar during the 24 hour period ending at 7:00 AM E.T. on June 26th. One Algorand coin can currently be purchased for $0.18 or 0.00000164 BTC on popular cryptocurrency exchanges. During the last week, Algorand has traded 3.2% higher against the dollar. Algorand has a market capitalization of $1.52 billion and $61.20 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded 0.5% higher against the dollar and now trades at $0.0822 or 0.00000077 BTC.
• Avalanche (AVAX) traded down 2.2% against the dollar and now trades at $17.46 or 0.00016259 BTC.
• Hedera (HBAR) traded down 3.7% against the dollar and now trades at $0.15 or 0.00000137 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $4.82 or 0.00004486 BTC.
• NEAR Protocol (NEAR) traded 2.7% lower against the dollar and now trades at $2.10 or 0.00001952 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $4.00 or 0.00003723 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $0.65 or 0.00000608 BTC.
• Kava (KAVA) traded 2.5% lower against the dollar and now trades at $0.40 or 0.00000377 BTC.
• Akash Network (AKT) traded up 0.1% against the dollar and now trades at $1.08 or 0.00001005 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0319 or 0.00000030 BTC.

Algorand Coin Profile

Algorand uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,633,572,796 coins. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. 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.”

Buying and Selling Algorand

It is usually not currently 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 GDAX, Changelly or Gemini. 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