Algorand Price Reaches $0.19 (ALGO)

Algorand (ALGO) traded down 4.8% against the dollar during the 1 day period ending at 8:00 AM E.T. on April 29th. Algorand has a market capitalization of $1.52 billion and $61.28 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for about $0.19 or 0.00000299 BTC on major cryptocurrency exchanges. During the last week, Algorand has traded 2.6% lower against the dollar.

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

• Avalanche (AVAX) traded down 3.2% against the dollar and now trades at $33.32 or 0.00053438 BTC.
• NEAR Protocol (NEAR) traded down 6.3% against the dollar and now trades at $6.78 or 0.00010876 BTC.
• Internet Computer (ICP) traded down 1.7% against the dollar and now trades at $13.31 or 0.00021342 BTC.
• Hedera (HBAR) traded down 1.2% against the dollar and now trades at $0.10 or 0.00000165 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Cosmos (ATOM) traded down 3.7% against the dollar and now trades at $8.00 or 0.00012837 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $2.12 or 0.00003404 BTC.
• Akash Network (AKT) traded 4.7% lower against the dollar and now trades at $4.15 or 0.00006660 BTC.
• Kava (KAVA) traded down 3.5% against the dollar and now trades at $0.67 or 0.00001075 BTC.
• Theta Fuel (TFUEL) traded 4.2% lower against the dollar and now trades at $0.10 or 0.00000167 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,141,264,092 coins. Algorand’s official website is algorand.foundation. 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.

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 purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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