Algorand (ALGO) Price Tops $0.19 on Exchanges

Algorand (ALGO) traded down 2.2% against the dollar during the 1-day period ending at 0:00 AM E.T. on May 7th. During the last seven days, Algorand has traded 6.2% higher against the dollar. One Algorand coin can currently be purchased for $0.19 or 0.00000300 BTC on cryptocurrency exchanges. Algorand has a market cap of $1.53 billion and $51.74 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded down 5.2% against the dollar and now trades at $35.02 or 0.00055908 BTC.
• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $7.17 or 0.00011452 BTC.
• Internet Computer (ICP) traded 2.8% lower against the dollar and now trades at $12.42 or 0.00019831 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cosmos (ATOM) traded down 2.5% against the dollar and now trades at $8.98 or 0.00014334 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $2.35 or 0.00003750 BTC.
• Akash Network (AKT) traded down 2.6% against the dollar and now trades at $4.61 or 0.00007393 BTC.
• Kava (KAVA) traded 1.8% lower against the dollar and now trades at $0.66 or 0.00001052 BTC.
• Theta Fuel (TFUEL) traded 3.7% higher against the dollar and now trades at $0.11 or 0.00000171 BTC.

About Algorand

Algorand (ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,148,264,179 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 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 GDAX, Changelly or Coinbase. 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