Algorand (ALGO) Price Hits $0.13 on Major Exchanges

Algorand (ALGO) traded 0.7% higher against the U.S. dollar during the 1 day period ending at 9:00 AM ET on October 21st. In the last seven days, Algorand has traded 1.9% higher against the U.S. dollar. One Algorand coin can now be purchased for approximately $0.13 or 0.00000187 BTC on major cryptocurrency exchanges. Algorand has a market cap of $1.06 billion and approximately $30.67 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $28.07 or 0.00041179 BTC.
• NEAR Protocol (NEAR) traded 2.1% higher against the dollar and now trades at $4.89 or 0.00007169 BTC.
• Internet Computer (ICP) traded down 0.5% against the dollar and now trades at $8.09 or 0.00011865 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0782 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.0546 or 0.00000080 BTC.
• Cosmos (ATOM) traded 8.1% higher against the dollar and now trades at $4.88 or 0.00007158 BTC.
• Fetch.ai (FET) traded 0.1% lower against the dollar and now trades at $1.40 or 0.00002048 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $2.53 or 0.00003712 BTC.
• Theta Fuel (TFUEL) traded up 0.4% against the dollar and now trades at $0.0618 or 0.00000091 BTC.
• Kava (KAVA) traded 1.6% lower against the dollar and now trades at $0.37 or 0.00000546 BTC.

Algorand Coin Profile

Algorand 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 8,321,655,697 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView