Algorand (ALGO) Price Tops $0.13 on Exchanges

Algorand (ALGO) traded 1.8% higher against the US dollar during the one day period ending at 14:00 PM E.T. on September 17th. During the last seven days, Algorand has traded down 1.9% against the US dollar. Algorand has a total market cap of $1.04 billion and $20.97 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for about $0.13 or 0.00000207 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 2.7% higher against the dollar and now trades at $24.08 or 0.00039496 BTC.
• NEAR Protocol (NEAR) traded up 7.7% against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Internet Computer (ICP) traded 0.3% higher against the dollar and now trades at $8.03 or 0.00013176 BTC.
• Cronos (CRO) traded 1.9% higher against the dollar and now trades at $0.0809 or 0.00000133 BTC.
• Hedera (HBAR) traded up 1.2% against the dollar and now trades at $0.0502 or 0.00000082 BTC.
• Cosmos (ATOM) traded 5.4% higher against the dollar and now trades at $4.18 or 0.00006857 BTC.
• Fetch.ai (FET) traded 6.8% higher against the dollar and now trades at $1.36 or 0.00002232 BTC.
• Akash Network (AKT) traded 3.7% higher against the dollar and now trades at $2.45 or 0.00004015 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.0611 or 0.00000100 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $0.30 or 0.00000494 BTC.

Algorand Profile

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 8,252,096,289 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView