Algorand (ALGO) Trading 11.2% Lower This Week

Algorand (ALGO) traded down 12% against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on April 7th. Algorand has a market cap of $1.34 billion and approximately $130.00 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for about $0.16 or 0.00000204 BTC on popular exchanges. Over the last seven days, Algorand has traded 11.2% lower against the US dollar.

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

• Cronos (CRO) traded 13.4% lower against the dollar and now trades at $0.0786 or 0.00000103 BTC.
• Avalanche (AVAX) traded down 10.2% against the dollar and now trades at $15.39 or 0.00020091 BTC.
• Hedera (HBAR) traded down 12.6% against the dollar and now trades at $0.14 or 0.00000178 BTC.
• NEAR Protocol (NEAR) traded down 15.2% against the dollar and now trades at $2.02 or 0.00002640 BTC.
• Internet Computer (ICP) traded 10.2% lower against the dollar and now trades at $4.47 or 0.00005830 BTC.
• Cosmos (ATOM) traded 12.3% lower against the dollar and now trades at $4.14 or 0.00005408 BTC.
• Fetch.ai (FET) traded down 12.1% against the dollar and now trades at $0.37 or 0.00000480 BTC.
• Kava (KAVA) traded 1.4% higher against the dollar and now trades at $0.41 or 0.00000531 BTC.
• Akash Network (AKT) traded 15.4% lower against the dollar and now trades at $0.91 or 0.00001181 BTC.
• Theta Fuel (TFUEL) traded down 14.5% against the dollar and now trades at $0.0281 or 0.00000037 BTC.

About Algorand

Algorand (CRYPTO:ALGO) 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 8,558,926,831 coins. Algorand’s official message board is forum.algorand.org. 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 website for Algorand is algorand.foundation.

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 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, Changelly or GDAX. 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