Algorand Price Up 21% Over Last 7 Days (ALGO)

Algorand (ALGO) traded up 5.5% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM E.T. on November 26th. Algorand has a market cap of $2.33 billion and $383.46 million worth of Algorand was traded on exchanges in the last 24 hours. During the last seven days, Algorand has traded 21% higher against the U.S. dollar. One Algorand coin can currently be purchased for about $0.28 or 0.00000303 BTC on major exchanges.

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

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $41.50 or 0.00044766 BTC.
• NEAR Protocol (NEAR) traded down 7.3% against the dollar and now trades at $6.07 or 0.00006547 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.14 or 0.00000147 BTC.
• Internet Computer (ICP) traded 6.7% lower against the dollar and now trades at $10.89 or 0.00011747 BTC.
• Cronos (CRO) traded 7.1% lower against the dollar and now trades at $0.17 or 0.00000183 BTC.
• Fetch.ai (FET) traded 6.6% lower against the dollar and now trades at $1.34 or 0.00001441 BTC.
• Cosmos (ATOM) traded 3.3% lower against the dollar and now trades at $7.73 or 0.00008334 BTC.
• Akash Network (AKT) traded 3.9% lower against the dollar and now trades at $3.73 or 0.00004023 BTC.
• Kava (KAVA) traded down 3.3% against the dollar and now trades at $0.50 or 0.00000539 BTC.
• Theta Fuel (TFUEL) traded up 2.3% against the dollar and now trades at $0.0757 or 0.00000082 BTC.

Algorand Profile

ALGO uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,283,036,517 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org.

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 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 Changelly, Coinbase or GDAX. 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