Algorand Price Reaches $0.12 on Major Exchanges (ALGO)

Algorand (ALGO) traded 1.1% lower against the dollar during the one day period ending at 17:00 PM Eastern on October 30th. During the last seven days, Algorand has traded 0.2% higher against the dollar. Algorand has a market capitalization of $1.01 billion and $23.18 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for $0.12 or 0.00000168 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 0.8% lower against the dollar and now trades at $26.25 or 0.00036348 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $4.32 or 0.00005984 BTC.
• Internet Computer (ICP) traded 0.6% higher against the dollar and now trades at $8.06 or 0.00011164 BTC.
• Fetch.ai (FET) traded 2% lower against the dollar and now trades at $1.30 or 0.00001793 BTC.
• Cronos (CRO) traded down 1.3% against the dollar and now trades at $0.0754 or 0.00000104 BTC.
• Hedera (HBAR) traded down 0.7% against the dollar and now trades at $0.0487 or 0.00000067 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $4.45 or 0.00006154 BTC.
• Akash Network (AKT) traded up 5.7% against the dollar and now trades at $2.53 or 0.00003508 BTC.
• Kava (KAVA) traded 1.8% higher against the dollar and now trades at $0.35 or 0.00000483 BTC.
• Theta Fuel (TFUEL) traded down 1.7% against the dollar and now trades at $0.0549 or 0.00000076 BTC.

Algorand 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 8,331,720,610 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The official message board for Algorand 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.”

Buying and Selling Algorand

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 Coinbase, GDAX or Changelly. 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