Algorand (ALGO) Price Hits $0.15

Algorand (ALGO) traded 4.6% higher against the US dollar during the twenty-four hour period ending at 14:00 PM E.T. on July 1st. One Algorand coin can now be purchased for approximately $0.15 or 0.00000232 BTC on exchanges. During the last seven days, Algorand has traded 12% higher against the US dollar. Algorand has a market cap of $1.20 billion and $2.06 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 6.3% higher against the dollar and now trades at $29.87 or 0.00047025 BTC.
• NEAR Protocol (NEAR) traded 3.1% higher against the dollar and now trades at $5.33 or 0.00008390 BTC.
• Internet Computer (ICP) traded 3.3% higher against the dollar and now trades at $8.27 or 0.00013016 BTC.
• Hedera (HBAR) traded 2.4% higher against the dollar and now trades at $0.0770 or 0.00000121 BTC.
• Cosmos (ATOM) traded 2.4% higher against the dollar and now trades at $6.81 or 0.00010720 BTC.
• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.0924 or 0.00000146 BTC.
• Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.37 or 0.00002158 BTC.
• Akash Network (AKT) traded 4.8% higher against the dollar and now trades at $3.61 or 0.00005679 BTC.
• Theta Fuel (TFUEL) traded up 4.1% against the dollar and now trades at $0.0773 or 0.00000122 BTC.
• Kava (KAVA) traded 0.8% higher against the dollar and now trades at $0.44 or 0.00000696 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,182,208,271 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 currently 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, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView