Algorand (ALGO) Price Tops $0.14 on Top Exchanges

Algorand (ALGO) traded 2.2% higher against the US dollar during the 1-day period ending at 23:00 PM E.T. on June 19th. During the last week, Algorand has traded down 14.2% against the US dollar. One Algorand coin can now be purchased for $0.14 or 0.00000215 BTC on popular exchanges. Algorand has a total market cap of $1.15 billion and approximately $38.97 million worth of Algorand was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Avalanche (AVAX) traded 0.3% lower against the dollar and now trades at $26.92 or 0.00041350 BTC.
  • NEAR Protocol (NEAR) traded up 2% against the dollar and now trades at $5.01 or 0.00007692 BTC.
  • Internet Computer (ICP) traded up 2.7% against the dollar and now trades at $8.48 or 0.00013016 BTC.
  • Hedera (HBAR) traded 1.3% higher against the dollar and now trades at $0.0808 or 0.00000124 BTC.
  • Cosmos (ATOM) traded 1.4% higher against the dollar and now trades at $6.91 or 0.00010605 BTC.
  • Cronos (CRO) traded 0.4% higher against the dollar and now trades at $0.0940 or 0.00000144 BTC.
  • Fetch.ai (FET) traded 25.9% higher against the dollar and now trades at $1.55 or 0.00002388 BTC.
  • Akash Network (AKT) traded 14.7% higher against the dollar and now trades at $3.14 or 0.00004837 BTC.
  • Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.46 or 0.00000710 BTC.
  • Theta Fuel (TFUEL) traded 2.7% higher against the dollar and now trades at $0.0717 or 0.00000110 BTC.

About Algorand

Algorand (CRYPTO: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 8,181,435,198 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. 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 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 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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