Algorand Price Up 3.2% Over Last Week (ALGO)

Algorand (ALGO) traded 0.7% higher against the dollar during the one day period ending at 0:00 AM E.T. on November 20th. During the last week, Algorand has traded 3.2% higher against the dollar. One Algorand coin can now be bought for $0.14 or 0.00000375 BTC on cryptocurrency exchanges. Algorand has a total market capitalization of $1.12 billion and $81.92 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 7.5% lower against the dollar and now trades at $20.87 or 0.00055820 BTC.
• Cosmos (ATOM) traded down 4.6% against the dollar and now trades at $8.99 or 0.00024050 BTC.
• Cronos (CRO) traded down 3.7% against the dollar and now trades at $0.0939 or 0.00000251 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.0643 or 0.00000172 BTC.
• Internet Computer (ICP) traded up 0.8% against the dollar and now trades at $4.55 or 0.00012180 BTC.
• NEAR Protocol (NEAR) traded down 4.3% against the dollar and now trades at $1.95 or 0.00005207 BTC.
• Kava (KAVA) traded 2.2% lower against the dollar and now trades at $0.76 or 0.00002034 BTC.
• Fetch.ai (FET) traded down 4% against the dollar and now trades at $0.52 or 0.00001380 BTC.
• Akash Network (AKT) traded up 3.4% against the dollar and now trades at $1.63 or 0.00004337 BTC.
• Theta Fuel (TFUEL) traded 1.1% lower against the dollar and now trades at $0.0445 or 0.00000119 BTC.

Algorand Profile

ALGO uses the hashing algorithm. It launched on June 19th, 2019. Algorand’s total supply is 8,006,089,546 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The official message board for Algorand is medium.com/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 US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView