Algorand (ALGO) Price Tops $0.12

Algorand (ALGO) traded 2.6% lower against the US dollar during the twenty-four hour period ending at 17:00 PM ET on October 23rd. One Algorand coin can now be purchased for $0.12 or 0.00000182 BTC on major exchanges. During the last week, Algorand has traded down 1.7% against the US dollar. Algorand has a total market capitalization of $1.01 billion and $22.89 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 3.7% against the dollar and now trades at $26.59 or 0.00040028 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $4.63 or 0.00006970 BTC.
• Internet Computer (ICP) traded 1.9% higher against the dollar and now trades at $8.08 or 0.00012158 BTC.
• Cronos (CRO) traded 2.6% lower against the dollar and now trades at $0.0751 or 0.00000113 BTC.
• Hedera (HBAR) traded down 1.6% against the dollar and now trades at $0.0513 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $4.66 or 0.00007012 BTC.
• Fetch.ai (FET) traded down 2.5% against the dollar and now trades at $1.32 or 0.00001988 BTC.
• Akash Network (AKT) traded down 2.5% against the dollar and now trades at $2.45 or 0.00003678 BTC.
• Theta Fuel (TFUEL) traded 3.7% lower against the dollar and now trades at $0.0580 or 0.00000087 BTC.
• Kava (KAVA) traded down 4.4% against the dollar and now trades at $0.35 or 0.00000523 BTC.

Algorand Profile

ALGO uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,324,649,539 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. 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.

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.”

Algorand Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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