Algorand Price Tops $0.14 on Major Exchanges (ALGO)

Algorand (ALGO) traded down 0.3% against the U.S. dollar during the one day period ending at 23:00 PM ET on July 27th. In the last seven days, Algorand has traded 10.7% lower against the U.S. dollar. Algorand has a market cap of $1.17 billion and approximately $26.68 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be bought for about $0.14 or 0.00000209 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $28.00 or 0.00041108 BTC.
• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $5.63 or 0.00008266 BTC.
• Internet Computer (ICP) traded 4.1% lower against the dollar and now trades at $9.67 or 0.00014206 BTC.
• Cosmos (ATOM) traded 3.1% higher against the dollar and now trades at $6.35 or 0.00009329 BTC.
• Hedera (HBAR) traded 0.3% lower against the dollar and now trades at $0.0685 or 0.00000101 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0908 or 0.00000133 BTC.
• Fetch.ai (FET) traded down 0.2% against the dollar and now trades at $1.27 or 0.00001858 BTC.
• Akash Network (AKT) traded 0.5% lower against the dollar and now trades at $3.23 or 0.00004750 BTC.
• Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.43 or 0.00000626 BTC.
• Theta Fuel (TFUEL) traded 0.7% higher against the dollar and now trades at $0.0694 or 0.00000102 BTC.

Algorand Coin Profile

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 8,226,802,961 coins. The official message board for Algorand is forum.algorand.org. 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.

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 U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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