Algorand Price Tops $0.14 on Top Exchanges (ALGO)

Algorand (ALGO) traded down 1.2% against the U.S. dollar during the 24 hour period ending at 16:00 PM E.T. on June 28th. During the last seven days, Algorand has traded 0.8% higher against the U.S. dollar. Algorand has a total market cap of $1.15 billion and $29.27 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for approximately $0.14 or 0.00000235 BTC on major cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $28.09 or 0.00046714 BTC.
• NEAR Protocol (NEAR) traded 6.9% lower against the dollar and now trades at $4.92 or 0.00008190 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $7.97 or 0.00013262 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0774 or 0.00000129 BTC.
• Cosmos (ATOM) traded 3.6% lower against the dollar and now trades at $6.81 or 0.00011319 BTC.
• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.0901 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 7.3% against the dollar and now trades at $1.41 or 0.00002353 BTC.
• Akash Network (AKT) traded 7.1% higher against the dollar and now trades at $3.54 or 0.00005884 BTC.
• Theta Fuel (TFUEL) traded down 2.9% against the dollar and now trades at $0.0758 or 0.00000126 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.44 or 0.00000735 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,179,662,895 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official website is algorand.foundation.

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 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 GDAX, Changelly or Coinbase. 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