Algorand (ALGO) traded up 1.2% against the U.S. dollar during the 24-hour period ending at 0:00 AM ET on May 5th. One Algorand coin can currently be bought for approximately $0.19 or 0.00000305 BTC on major exchanges. Algorand has a total market capitalization of $1.59 billion and approximately $46.16 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded up 2.4% against the U.S. dollar.
Here’s how similar cryptocurrencies have performed in the last day:
- Avalanche (AVAX) traded up 0.9% against the dollar and now trades at $37.48 or 0.00058579 BTC.
- NEAR Protocol (NEAR) traded 6.3% higher against the dollar and now trades at $7.27 or 0.00011364 BTC.
- Internet Computer (ICP) traded 1.5% higher against the dollar and now trades at $13.11 or 0.00020487 BTC.
- Hedera (HBAR) traded 4.2% higher against the dollar and now trades at $0.11 or 0.00000179 BTC.
- Cosmos (ATOM) traded up 7% against the dollar and now trades at $9.33 or 0.00014587 BTC.
- Cronos (CRO) traded 2.1% higher against the dollar and now trades at $0.13 or 0.00000210 BTC.
- Fetch.ai (FET) traded up 12.8% against the dollar and now trades at $2.40 or 0.00003744 BTC.
- Akash Network (AKT) traded up 14.3% against the dollar and now trades at $4.90 or 0.00007660 BTC.
- Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.69 or 0.00001072 BTC.
- Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.11 or 0.00000169 BTC.
Algorand Coin Profile
ALGO uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,145,277,849 coins. Algorand’s official message board is forum.algorand.org. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here.
Algorand Coin Trading
It is usually not presently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.
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