Algorand Price Hits $0.12 on Top Exchanges (ALGO)

Algorand (ALGO) traded 1.6% lower against the dollar during the one day period ending at 12:00 PM Eastern on October 25th. Algorand has a market cap of $999.19 million and approximately $19.31 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded down 2.5% against the dollar. One Algorand coin can currently be bought for $0.12 or 0.00000178 BTC on major cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $26.06 or 0.00038580 BTC.
• NEAR Protocol (NEAR) traded down 3% against the dollar and now trades at $4.50 or 0.00006659 BTC.
• Internet Computer (ICP) traded down 0% against the dollar and now trades at $8.24 or 0.00012197 BTC.
• Cronos (CRO) traded 1.9% lower against the dollar and now trades at $0.0742 or 0.00000110 BTC.
• Hedera (HBAR) traded down 2.4% against the dollar and now trades at $0.0502 or 0.00000074 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $4.73 or 0.00007005 BTC.
• Fetch.ai (FET) traded 4.4% lower against the dollar and now trades at $1.28 or 0.00001901 BTC.
• Akash Network (AKT) traded 2.3% lower against the dollar and now trades at $2.37 or 0.00003466 BTC.
• Theta Fuel (TFUEL) traded 2.5% lower against the dollar and now trades at $0.0571 or 0.00000085 BTC.
• Kava (KAVA) traded down 0.4% against the dollar and now trades at $0.35 or 0.00000512 BTC.

About Algorand

Algorand (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 8,328,774,629 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand 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 possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase 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 purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView