Algorand (ALGO) Price Reaches $0.13 on Top Exchanges

Algorand (ALGO) traded up 5.5% against the dollar during the 1-day period ending at 15:00 PM ET on October 20th. Algorand has a total market cap of $1.07 billion and approximately $22.74 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded 8.3% higher against the dollar. One Algorand coin can now be bought for $0.13 or 0.00000188 BTC on major exchanges.

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

• Avalanche (AVAX) traded 1.2% higher against the dollar and now trades at $28.32 or 0.00041281 BTC.
• NEAR Protocol (NEAR) traded 2.4% higher against the dollar and now trades at $4.89 or 0.00007130 BTC.
• Internet Computer (ICP) traded 2.5% higher against the dollar and now trades at $8.24 or 0.00012011 BTC.
• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0787 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.0545 or 0.00000079 BTC.
• Cosmos (ATOM) traded 5.3% higher against the dollar and now trades at $4.62 or 0.00006741 BTC.
• Fetch.ai (FET) traded 2.9% higher against the dollar and now trades at $1.45 or 0.00002112 BTC.
• Akash Network (AKT) traded 3.9% higher against the dollar and now trades at $2.55 or 0.00003718 BTC.
• Theta Fuel (TFUEL) traded 1.8% higher against the dollar and now trades at $0.0629 or 0.00000092 BTC.
• Kava (KAVA) traded 2.9% higher against the dollar and now trades at $0.38 or 0.00000552 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,321,660,608 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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. 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 US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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