Algorand Price Reaches $0.14 (ALGO)

Algorand (ALGO) traded 8.1% lower against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on June 17th. Algorand has a total market cap of $1.17 billion and $59.02 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for $0.14 or 0.00000217 BTC on major exchanges. In the last week, Algorand has traded 15% lower against the U.S. dollar.

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

• Avalanche (AVAX) traded 6.7% lower against the dollar and now trades at $28.00 or 0.00042656 BTC.
• NEAR Protocol (NEAR) traded down 11% against the dollar and now trades at $5.04 or 0.00007679 BTC.
• Internet Computer (ICP) traded 8.8% lower against the dollar and now trades at $8.70 or 0.00013258 BTC.
• Hedera (HBAR) traded 8% lower against the dollar and now trades at $0.0792 or 0.00000121 BTC.
• Cosmos (ATOM) traded 4.5% lower against the dollar and now trades at $6.88 or 0.00010480 BTC.
• Cronos (CRO) traded 4.9% lower against the dollar and now trades at $0.0935 or 0.00000142 BTC.
• Fetch.ai (FET) traded 13.1% lower against the dollar and now trades at $1.28 or 0.00001948 BTC.
• Akash Network (AKT) traded down 10.9% against the dollar and now trades at $2.98 or 0.00004487 BTC.
• Kava (KAVA) traded down 13.3% against the dollar and now trades at $0.48 or 0.00000734 BTC.
• Theta Fuel (TFUEL) traded 8.2% lower against the dollar and now trades at $0.0741 or 0.00000113 BTC.

Algorand 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 8,181,472,728 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 Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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