Algorand Price Down 3.6% This Week (ALGO)

Algorand (ALGO) traded down 2.7% against the dollar during the one day period ending at 10:00 AM ET on January 12th. Algorand has a market capitalization of $1.16 billion and approximately $35.89 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for $0.13 or 0.00000144 BTC on major exchanges. Over the last week, Algorand has traded down 3.6% against the dollar.

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

• Cronos (CRO) traded down 1.4% against the dollar and now trades at $0.10 or 0.00000110 BTC.
• Avalanche (AVAX) traded down 1.2% against the dollar and now trades at $13.71 or 0.00015050 BTC.
• Hedera (HBAR) traded down 0.6% against the dollar and now trades at $0.12 or 0.00000128 BTC.
• NEAR Protocol (NEAR) traded down 0.8% against the dollar and now trades at $1.69 or 0.00001858 BTC.
• Internet Computer (ICP) traded 1.3% lower against the dollar and now trades at $3.15 or 0.00003459 BTC.
• Cosmos (ATOM) traded down 1% against the dollar and now trades at $2.58 or 0.00002833 BTC.
• Fetch.ai (FET) traded 0.1% lower against the dollar and now trades at $0.29 or 0.00000319 BTC.
• Theta Fuel (TFUEL) traded 3.4% lower against the dollar and now trades at $0.0192 or 0.00000021 BTC.
• PayProtocol Paycoin (PCI) traded 2.3% lower against the dollar and now trades at $0.0712 or 0.00000078 BTC.
• Akash Network (AKT) traded down 6.9% against the dollar and now trades at $0.47 or 0.00000520 BTC.

Algorand Profile

Algorand (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 8,846,132,071 coins. 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. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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.”

Buying and Selling Algorand

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