Algorand (ALGO) Price Reaches $0.10

Algorand (ALGO) traded down 14.9% against the dollar during the 1-day period ending at 0:00 AM E.T. on August 4th. During the last week, Algorand has traded down 27.2% against the dollar. Algorand has a market cap of $853.24 million and approximately $73.12 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for $0.10 or 0.00000191 BTC on major exchanges.

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

• Avalanche (AVAX) traded 16.2% lower against the dollar and now trades at $19.11 or 0.00035122 BTC.
• NEAR Protocol (NEAR) traded down 17.6% against the dollar and now trades at $3.63 or 0.00006663 BTC.
• Internet Computer (ICP) traded 11.3% lower against the dollar and now trades at $7.00 or 0.00012867 BTC.
• Cronos (CRO) traded down 11% against the dollar and now trades at $0.0728 or 0.00000134 BTC.
• Hedera (HBAR) traded 14.5% lower against the dollar and now trades at $0.0499 or 0.00000092 BTC.
• Cosmos (ATOM) traded 13.5% lower against the dollar and now trades at $4.49 or 0.00008248 BTC.
• Fetch.ai (FET) traded down 16.6% against the dollar and now trades at $0.85 or 0.00001555 BTC.
• Akash Network (AKT) traded 8.9% lower against the dollar and now trades at $2.21 or 0.00003790 BTC.
• Theta Fuel (TFUEL) traded 20% lower against the dollar and now trades at $0.0465 or 0.00000085 BTC.
• Kava (KAVA) traded down 18.8% against the dollar and now trades at $0.27 or 0.00000504 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,226,758,417 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView