Algorand (ALGO) Price Tops $0.13 on Major Exchanges

Algorand (ALGO) traded 2.8% lower against the dollar during the twenty-four hour period ending at 22:00 PM E.T. on October 21st. Algorand has a total market cap of $1.05 billion and approximately $29.31 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 0.1% lower against the dollar. One Algorand coin can currently be purchased for about $0.13 or 0.00000187 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 3.3% lower against the dollar and now trades at $28.10 or 0.00041553 BTC.
• NEAR Protocol (NEAR) traded down 3.7% against the dollar and now trades at $4.84 or 0.00007152 BTC.
• Internet Computer (ICP) traded 3.8% lower against the dollar and now trades at $8.05 or 0.00011904 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.0779 or 0.00000115 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0534 or 0.00000079 BTC.
• Cosmos (ATOM) traded 4.3% higher against the dollar and now trades at $4.92 or 0.00007277 BTC.
• Fetch.ai (FET) traded 3.8% lower against the dollar and now trades at $1.41 or 0.00002083 BTC.
• Akash Network (AKT) traded 4.6% lower against the dollar and now trades at $2.49 or 0.00003679 BTC.
• Theta Fuel (TFUEL) traded 3.8% lower against the dollar and now trades at $0.0612 or 0.00000090 BTC.
• Kava (KAVA) traded 4.1% lower against the dollar and now trades at $0.37 or 0.00000543 BTC.

Algorand 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 8,321,661,818 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 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.”

Algorand Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView