Algorand (ALGO) Price Hits $0.14

Algorand (ALGO) traded 5.7% higher against the dollar during the 1-day period ending at 14:00 PM ET on August 21st. In the last seven days, Algorand has traded 14.2% higher against the dollar. Algorand has a market capitalization of $1.11 billion and $31.97 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for about $0.14 or 0.00000224 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 3.5% against the dollar and now trades at $23.35 or 0.00038574 BTC.
• NEAR Protocol (NEAR) traded 4% higher against the dollar and now trades at $4.20 or 0.00006946 BTC.
• Internet Computer (ICP) traded up 5.8% against the dollar and now trades at $7.69 or 0.00012711 BTC.
• Cronos (CRO) traded 0.6% higher against the dollar and now trades at $0.0873 or 0.00000144 BTC.
• Hedera (HBAR) traded up 0.8% against the dollar and now trades at $0.0542 or 0.00000090 BTC.
• Cosmos (ATOM) traded 0.5% higher against the dollar and now trades at $4.75 or 0.00007854 BTC.
• Fetch.ai (FET) traded up 7.3% against the dollar and now trades at $0.95 or 0.00001574 BTC.
• Akash Network (AKT) traded 1.1% higher against the dollar and now trades at $2.47 or 0.00004089 BTC.
• Theta Fuel (TFUEL) traded up 3.3% against the dollar and now trades at $0.0577 or 0.00000095 BTC.
• Kava (KAVA) traded 3.1% higher against the dollar and now trades at $0.34 or 0.00000565 BTC.

Algorand Coin Profile

Algorand 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 8,227,315,713 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 currently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView