Algorand (ALGO) Price Down 8.4% Over Last 7 Days

Algorand (ALGO) traded 5.9% lower against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on October 26th. Algorand has a total market cap of $951.65 million and approximately $37.21 million worth of Algorand was traded on exchanges in the last 24 hours. In the last week, Algorand has traded down 8.4% against the dollar. One Algorand coin can currently be purchased for approximately $0.11 or 0.00000171 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 3.7% lower against the dollar and now trades at $25.55 or 0.00038151 BTC.
• NEAR Protocol (NEAR) traded 7.4% lower against the dollar and now trades at $4.24 or 0.00006333 BTC.
• Internet Computer (ICP) traded down 9% against the dollar and now trades at $7.73 or 0.00011549 BTC.
• Cronos (CRO) traded 1.9% lower against the dollar and now trades at $0.0731 or 0.00000109 BTC.
• Hedera (HBAR) traded 5.1% lower against the dollar and now trades at $0.0480 or 0.00000072 BTC.
• Cosmos (ATOM) traded down 7.1% against the dollar and now trades at $4.41 or 0.00006588 BTC.
• Fetch.ai (FET) traded 6.7% lower against the dollar and now trades at $1.23 or 0.00001840 BTC.
• Akash Network (AKT) traded down 5.2% against the dollar and now trades at $2.28 or 0.00003394 BTC.
• Theta Fuel (TFUEL) traded down 5% against the dollar and now trades at $0.0549 or 0.00000082 BTC.
• Kava (KAVA) traded 6.6% lower against the dollar and now trades at $0.33 or 0.00000485 BTC.

Algorand Profile

Algorand (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 8,328,769,197 coins. The official message board for Algorand 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.

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 purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView