Algorand (ALGO) Price Hits $0.12

Algorand (ALGO) traded 2% higher against the U.S. dollar during the twenty-four hour period ending at 18:00 PM Eastern on August 18th. One Algorand coin can now be bought for about $0.12 or 0.00000202 BTC on popular exchanges. Algorand has a market cap of $988.86 million and $19.21 million worth of Algorand was traded on exchanges in the last day. During the last week, Algorand has traded 3.3% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $21.33 or 0.00035789 BTC.
• NEAR Protocol (NEAR) traded 0.7% higher against the dollar and now trades at $4.00 or 0.00006707 BTC.
• Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $7.28 or 0.00012223 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0873 or 0.00000146 BTC.
• Hedera (HBAR) traded 2.5% higher against the dollar and now trades at $0.0538 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.8% lower against the dollar and now trades at $4.59 or 0.00007709 BTC.
• Fetch.ai (FET) traded 0.2% higher against the dollar and now trades at $0.83 or 0.00001400 BTC.
• Akash Network (AKT) traded 0.7% higher against the dollar and now trades at $2.52 or 0.00004229 BTC.
• Theta Fuel (TFUEL) traded up 0.7% against the dollar and now trades at $0.0557 or 0.00000093 BTC.
• Kava (KAVA) traded 3.5% higher against the dollar and now trades at $0.32 or 0.00000537 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 8,227,329,752 coins. 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 message board is forum.algorand.org. 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView