Algorand Price Tops $0.13 on Exchanges (ALGO)

Algorand (ALGO) traded up 5.5% against the US dollar during the 1-day period ending at 15:00 PM E.T. on October 20th. One Algorand coin can currently be bought for about $0.13 or 0.00000188 BTC on popular exchanges. In the last seven days, Algorand has traded 8.3% higher against the US dollar. Algorand has a total market cap of $1.07 billion and approximately $22.74 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 1.2% higher against the dollar and now trades at $28.32 or 0.00041281 BTC.
• NEAR Protocol (NEAR) traded up 2.4% against the dollar and now trades at $4.89 or 0.00007130 BTC.
• Internet Computer (ICP) traded up 2.5% against the dollar and now trades at $8.24 or 0.00012011 BTC.
• Cronos (CRO) traded up 0.7% against the dollar and now trades at $0.0787 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.0545 or 0.00000079 BTC.
• Cosmos (ATOM) traded up 5.3% against the dollar and now trades at $4.62 or 0.00006741 BTC.
• Fetch.ai (FET) traded 2.9% higher against the dollar and now trades at $1.45 or 0.00002112 BTC.
• Akash Network (AKT) traded 3.9% higher against the dollar and now trades at $2.55 or 0.00003718 BTC.
• Theta Fuel (TFUEL) traded up 1.8% against the dollar and now trades at $0.0629 or 0.00000092 BTC.
• Kava (KAVA) traded 2.9% higher against the dollar and now trades at $0.38 or 0.00000552 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 8,321,660,608 coins. Algorand’s official message board 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 Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website 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.”

Algorand Coin Trading

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