Algorand (ALGO) Price Tops $0.13 on Major Exchanges

Algorand (ALGO) traded 2.8% lower against the dollar during the one day period ending at 22:00 PM ET on October 21st. During the last seven days, Algorand has traded down 0.1% against the dollar. One Algorand coin can now be purchased for $0.13 or 0.00000187 BTC on major cryptocurrency exchanges. Algorand has a total market cap of $1.05 billion and $29.31 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 3.3% against the dollar and now trades at $28.10 or 0.00041553 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $4.84 or 0.00007152 BTC.
• Internet Computer (ICP) traded down 3.8% against the dollar and now trades at $8.05 or 0.00011904 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.0779 or 0.00000115 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0534 or 0.00000079 BTC.
• Cosmos (ATOM) traded up 4.3% against the dollar and now trades at $4.92 or 0.00007277 BTC.
• Fetch.ai (FET) traded down 3.8% against the dollar and now trades at $1.41 or 0.00002083 BTC.
• Akash Network (AKT) traded 4.6% lower against the dollar and now trades at $2.49 or 0.00003679 BTC.
• Theta Fuel (TFUEL) traded down 3.8% against the dollar and now trades at $0.0612 or 0.00000090 BTC.
• Kava (KAVA) traded down 4.1% against the dollar and now trades at $0.37 or 0.00000543 BTC.

Algorand Profile

Algorand (CRYPTO: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 8,321,661,818 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. The official website for Algorand is algorand.foundation. Algorand’s official message board is forum.algorand.org.

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 trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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