Algorand Price Tops $0.14 on Top Exchanges (ALGO)

Algorand (ALGO) traded down 1.2% against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on June 28th. One Algorand coin can now be bought for about $0.14 or 0.00000235 BTC on major exchanges. During the last week, Algorand has traded up 0.8% against the U.S. dollar. Algorand has a market capitalization of $1.15 billion and $29.27 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.4% against the dollar and now trades at $28.09 or 0.00046714 BTC.
• NEAR Protocol (NEAR) traded down 6.9% against the dollar and now trades at $4.92 or 0.00008190 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $7.97 or 0.00013262 BTC.
• Hedera (HBAR) traded 2.5% lower against the dollar and now trades at $0.0774 or 0.00000129 BTC.
• Cosmos (ATOM) traded 3.6% lower against the dollar and now trades at $6.81 or 0.00011319 BTC.
• Cronos (CRO) traded 1.5% lower against the dollar and now trades at $0.0901 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 7.3% against the dollar and now trades at $1.41 or 0.00002353 BTC.
• Akash Network (AKT) traded up 7.1% against the dollar and now trades at $3.54 or 0.00005884 BTC.
• Theta Fuel (TFUEL) traded down 2.9% against the dollar and now trades at $0.0758 or 0.00000126 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.44 or 0.00000735 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) 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 8,179,662,895 coins. 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. 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 presently 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, Changelly or GDAX. 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