Algorand (ALGO) Price Tops $0.27 on Exchanges

Algorand (ALGO) traded up 1.7% against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on March 28th. One Algorand coin can currently be bought for $0.27 or 0.00000386 BTC on major exchanges. Algorand has a total market capitalization of $2.19 billion and $71.89 million worth of Algorand was traded on exchanges in the last day. Over the last seven days, Algorand has traded 8.2% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded up 0.6% against the dollar and now trades at $54.23 or 0.00077057 BTC.
• Internet Computer (ICP) traded 3.7% lower against the dollar and now trades at $17.66 or 0.00025094 BTC.
• NEAR Protocol (NEAR) traded 2.7% lower against the dollar and now trades at $7.08 or 0.00010055 BTC.
• Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $12.20 or 0.00017341 BTC.
• Cronos (CRO) traded 3.7% higher against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Hedera (HBAR) traded 1.7% higher against the dollar and now trades at $0.11 or 0.00000163 BTC.
• Fetch.ai (FET) traded 4.1% higher against the dollar and now trades at $3.23 or 0.00004583 BTC.
• Akash Network (AKT) traded up 0.2% against the dollar and now trades at $5.32 or 0.00007512 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $1.00 or 0.00001420 BTC.
• Theta Fuel (TFUEL) traded down 0.4% against the dollar and now trades at $0.0837 or 0.00000119 BTC.

Algorand Profile

Algorand uses the hashing algorithm. Its launch date was June 19th, 2019. Algorand’s total supply is 8,082,359,004 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 website is algorand.foundation. The official message board for Algorand is medium.com/algorand-foundation. 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 purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView