Algorand (ALGO) Price Hits $0.15

Algorand (ALGO) traded up 4.6% against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on July 1st. Algorand has a total market cap of $1.20 billion and approximately $2.06 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded up 12% against the dollar. One Algorand coin can currently be bought for $0.15 or 0.00000232 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 6.3% higher against the dollar and now trades at $29.87 or 0.00047025 BTC.
• NEAR Protocol (NEAR) traded up 3.1% against the dollar and now trades at $5.33 or 0.00008390 BTC.
• Internet Computer (ICP) traded 3.3% higher against the dollar and now trades at $8.27 or 0.00013016 BTC.
• Hedera (HBAR) traded 2.4% higher against the dollar and now trades at $0.0770 or 0.00000121 BTC.
• Cosmos (ATOM) traded up 2.4% against the dollar and now trades at $6.81 or 0.00010720 BTC.
• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.0924 or 0.00000146 BTC.
• Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.37 or 0.00002158 BTC.
• Akash Network (AKT) traded up 4.8% against the dollar and now trades at $3.61 or 0.00005679 BTC.
• Theta Fuel (TFUEL) traded up 4.1% against the dollar and now trades at $0.0773 or 0.00000122 BTC.
• Kava (KAVA) traded up 0.8% against the dollar and now trades at $0.44 or 0.00000696 BTC.

About Algorand

Algorand 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 8,182,208,271 coins. The official message board for Algorand is forum.algorand.org. The official website for Algorand is algorand.foundation. 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.

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

ALGO/USD price chart by TradingView