Algorand (ALGO) Price Tops $0.19 on Exchanges

Algorand (ALGO) traded down 2.2% against the dollar during the one day period ending at 0:00 AM ET on May 7th. Algorand has a market cap of $1.53 billion and approximately $51.74 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last seven days, Algorand has traded 6.2% higher against the dollar. One Algorand coin can currently be purchased for approximately $0.19 or 0.00000300 BTC on major exchanges.

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

  • Avalanche (AVAX) traded down 5.2% against the dollar and now trades at $35.02 or 0.00055908 BTC.
  • NEAR Protocol (NEAR) traded 3.9% lower against the dollar and now trades at $7.17 or 0.00011452 BTC.
  • Internet Computer (ICP) traded down 2.8% against the dollar and now trades at $12.42 or 0.00019831 BTC.
  • Hedera (HBAR) traded down 4.4% against the dollar and now trades at $0.11 or 0.00000171 BTC.
  • Cosmos (ATOM) traded 2.5% lower against the dollar and now trades at $8.98 or 0.00014334 BTC.
  • Cronos (CRO) traded 3.9% lower against the dollar and now trades at $0.13 or 0.00000200 BTC.
  • Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $2.35 or 0.00003750 BTC.
  • Akash Network (AKT) traded 2.6% lower against the dollar and now trades at $4.61 or 0.00007393 BTC.
  • Kava (KAVA) traded down 1.8% against the dollar and now trades at $0.66 or 0.00001052 BTC.
  • Theta Fuel (TFUEL) traded up 3.7% against the dollar and now trades at $0.11 or 0.00000171 BTC.

Algorand Coin Profile

Algorand uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,148,264,179 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 website is algorand.foundation. Algorand’s official message board is forum.algorand.org. 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.”

Buying and Selling Algorand

It is usually not 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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

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