Algorand Price Hits $0.14 (ALGO)

Algorand (ALGO) traded 1.5% lower against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on June 29th. One Algorand coin can currently be purchased for about $0.14 or 0.00000232 BTC on popular exchanges. Algorand has a total market cap of $1.16 billion and $24.00 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last week, Algorand has traded 3.8% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded 1.9% lower against the dollar and now trades at $27.68 or 0.00045413 BTC.
• NEAR Protocol (NEAR) traded 2.5% lower against the dollar and now trades at $4.99 or 0.00008193 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $7.96 or 0.00013058 BTC.
• Hedera (HBAR) traded 2% lower against the dollar and now trades at $0.0768 or 0.00000126 BTC.
• Cosmos (ATOM) traded 2.6% lower against the dollar and now trades at $6.77 or 0.00011103 BTC.
• Cronos (CRO) traded 0.2% lower against the dollar and now trades at $0.0914 or 0.00000150 BTC.
• Fetch.ai (FET) traded down 3.2% against the dollar and now trades at $1.40 or 0.00002296 BTC.
• Akash Network (AKT) traded down 0.4% against the dollar and now trades at $3.60 or 0.00005903 BTC.
• Theta Fuel (TFUEL) traded down 3.5% against the dollar and now trades at $0.0742 or 0.00000122 BTC.
• Kava (KAVA) traded 2.6% lower against the dollar and now trades at $0.44 or 0.00000718 BTC.

Algorand Coin Profile

Algorand 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 8,179,652,440 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 Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org. Algorand’s official website 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.”

Algorand Coin Trading

It is usually not presently 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 exchanges listed above.

ALGO/USD price chart by TradingView