Algorand Price Hits $0.12 on Exchanges (ALGO)

Algorand (ALGO) traded 3.1% lower against the U.S. dollar during the 24-hour period ending at 23:00 PM ET on October 30th. One Algorand coin can currently be bought for $0.12 or 0.00000166 BTC on major exchanges. Algorand has a total market capitalization of $999.82 million and $22.54 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 2.1% lower against the U.S. dollar.

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

• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $26.16 or 0.00036128 BTC.
• NEAR Protocol (NEAR) traded down 2.5% against the dollar and now trades at $4.28 or 0.00005913 BTC.
• Internet Computer (ICP) traded 0.5% higher against the dollar and now trades at $8.18 or 0.00011296 BTC.
• Fetch.ai (FET) traded down 2.5% against the dollar and now trades at $1.29 or 0.00001776 BTC.
• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.0750 or 0.00000104 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.0484 or 0.00000067 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $4.43 or 0.00006111 BTC.
• Akash Network (AKT) traded up 5% against the dollar and now trades at $2.50 or 0.00003464 BTC.
• Kava (KAVA) traded down 0.1% against the dollar and now trades at $0.35 or 0.00000478 BTC.
• Theta Fuel (TFUEL) traded 2.7% lower against the dollar and now trades at $0.0544 or 0.00000075 BTC.

About Algorand

Algorand (ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,331,717,539 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation. 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.

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 acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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