Algorand (ALGO) Price Hits $0.12

Algorand (ALGO) traded 1.1% lower against the dollar during the 1 day period ending at 17:00 PM ET on August 14th. Over the last seven days, Algorand has traded up 8.5% against the dollar. One Algorand coin can currently be bought for $0.12 or 0.00000202 BTC on cryptocurrency exchanges. Algorand has a market cap of $981.37 million and $23.84 million worth of Algorand was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 1% against the dollar and now trades at $21.08 or 0.00035669 BTC.
• NEAR Protocol (NEAR) traded down 3.7% against the dollar and now trades at $4.15 or 0.00007024 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $7.12 or 0.00012047 BTC.
• Cronos (CRO) traded 0.5% higher against the dollar and now trades at $0.0888 or 0.00000150 BTC.
• Hedera (HBAR) traded 1.2% lower against the dollar and now trades at $0.0532 or 0.00000090 BTC.
• Cosmos (ATOM) traded 5.1% lower against the dollar and now trades at $4.75 or 0.00008039 BTC.
• Fetch.ai (FET) traded 0.5% lower against the dollar and now trades at $0.87 or 0.00001478 BTC.
• Akash Network (AKT) traded 5% lower against the dollar and now trades at $2.66 or 0.00004511 BTC.
• Theta Fuel (TFUEL) traded 4.5% lower against the dollar and now trades at $0.0556 or 0.00000094 BTC.
• Kava (KAVA) traded down 2.2% against the dollar and now trades at $0.32 or 0.00000549 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 8,227,160,988 coins. The official website for Algorand is algorand.foundation. 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.

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

ALGO/USD price chart by TradingView