Algorand Price Hits $0.20 on Major Exchanges (ALGO)

Algorand (ALGO) traded 2.4% lower against the dollar during the one day period ending at 19:00 PM ET on April 26th. One Algorand coin can currently be bought for $0.20 or 0.00000309 BTC on major exchanges. Over the last seven days, Algorand has traded up 11.9% against the dollar. Algorand has a total market cap of $1.61 billion and approximately $153.92 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 3.8% lower against the dollar and now trades at $34.35 or 0.00053842 BTC.
• NEAR Protocol (NEAR) traded 2.5% lower against the dollar and now trades at $6.95 or 0.00010897 BTC.
• Internet Computer (ICP) traded 5.1% lower against the dollar and now trades at $13.06 or 0.00020465 BTC.
• Hedera (HBAR) traded down 7.6% against the dollar and now trades at $0.11 or 0.00000174 BTC.
• Cronos (CRO) traded 3.6% lower against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded down 0.9% against the dollar and now trades at $8.26 or 0.00012951 BTC.
• Fetch.ai (FET) traded 7.9% lower against the dollar and now trades at $2.14 or 0.00003356 BTC.
• Akash Network (AKT) traded down 5.9% against the dollar and now trades at $4.60 or 0.00007181 BTC.
• Theta Fuel (TFUEL) traded 5.5% lower against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Kava (KAVA) traded down 1.7% against the dollar and now trades at $0.70 or 0.00001104 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,138,282,722 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. Algorand’s official message board 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.

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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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