Algorand (ALGO) Price Reaches $0.11 on Exchanges

Algorand (ALGO) traded down 0.4% against the dollar during the 24 hour period ending at 16:00 PM Eastern on November 2nd. During the last week, Algorand has traded up 0.6% against the dollar. Algorand has a total market cap of $950.44 million and $19.18 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for $0.11 or 0.00000164 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $24.17 or 0.00034767 BTC.
• NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $3.86 or 0.00005557 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $7.59 or 0.00010922 BTC.
• Fetch.ai (FET) traded 3.6% lower against the dollar and now trades at $1.19 or 0.00001712 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0722 or 0.00000104 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0450 or 0.00000065 BTC.
• Cosmos (ATOM) traded down 2% against the dollar and now trades at $4.09 or 0.00005878 BTC.
• Akash Network (AKT) traded down 5.4% against the dollar and now trades at $2.26 or 0.00003252 BTC.
• Theta Fuel (TFUEL) traded down 1% against the dollar and now trades at $0.0510 or 0.00000073 BTC.
• Kava (KAVA) traded down 1.7% against the dollar and now trades at $0.32 or 0.00000456 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 8,335,681,692 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation.

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 US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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