Algorand Price Up 37.2% Over Last 7 Days (ALGO)

Algorand (ALGO) traded 13.3% higher against the U.S. dollar during the 1-day period ending at 13:00 PM Eastern on November 10th. One Algorand coin can now be bought for $0.15 or 0.00000183 BTC on popular exchanges. Algorand has a market capitalization of $1.22 billion and approximately $82.92 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded up 37.2% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded up 14% against the dollar and now trades at $32.88 or 0.00040829 BTC.
• NEAR Protocol (NEAR) traded up 12.8% against the dollar and now trades at $4.88 or 0.00006062 BTC.
• Internet Computer (ICP) traded 12.9% higher against the dollar and now trades at $9.32 or 0.00011569 BTC.
• Fetch.ai (FET) traded 10.7% higher against the dollar and now trades at $1.53 or 0.00001906 BTC.
• Cronos (CRO) traded up 20.9% against the dollar and now trades at $0.12 or 0.00000154 BTC.
• Hedera (HBAR) traded 12% higher against the dollar and now trades at $0.0569 or 0.00000071 BTC.
• Cosmos (ATOM) traded up 17.1% against the dollar and now trades at $5.49 or 0.00006812 BTC.
• Akash Network (AKT) traded up 9% against the dollar and now trades at $2.77 or 0.00003474 BTC.
• Kava (KAVA) traded up 10.6% against the dollar and now trades at $0.38 or 0.00000476 BTC.
• Theta Fuel (TFUEL) traded 10.2% higher against the dollar and now trades at $0.0612 or 0.00000076 BTC.

Algorand Coin Profile

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 8,266,312,457 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here.

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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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