Algorand Price Tops $0.50 (ALGO)

Algorand (ALGO) traded down 1.1% against the dollar during the 1-day period ending at 12:00 PM ET on December 8th. One Algorand coin can currently be bought for approximately $0.50 or 0.00000496 BTC on major cryptocurrency exchanges. In the last seven days, Algorand has traded up 2.6% against the dollar. Algorand has a market capitalization of $4.12 billion and approximately $628.18 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.7% against the dollar and now trades at $52.43 or 0.00052433 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.33 or 0.00000330 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $7.63 or 0.00007628 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $14.27 or 0.00014271 BTC.
• Cronos (CRO) traded down 3.1% against the dollar and now trades at $0.20 or 0.00000199 BTC.
• Fetch.ai (FET) traded down 1.9% against the dollar and now trades at $2.04 or 0.00002043 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $10.05 or 0.00010048 BTC.
• Akash Network (AKT) traded down 0.3% against the dollar and now trades at $4.56 or 0.00004562 BTC.
• Kava (KAVA) traded 0.8% lower against the dollar and now trades at $0.70 or 0.00000704 BTC.
• Theta Fuel (TFUEL) traded 2.1% lower against the dollar and now trades at $0.0916 or 0.00000092 BTC.

About Algorand

Algorand (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 8,304,654,882 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 buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView