Algorand (ALGO) Price Tops $0.12 on Major Exchanges

Algorand (ALGO) traded 1.2% higher against the dollar during the 1-day period ending at 20:00 PM E.T. on October 27th. One Algorand coin can now be bought for about $0.12 or 0.00000170 BTC on popular cryptocurrency exchanges. Algorand has a total market capitalization of $964.65 million and approximately $15.84 million worth of Algorand was traded on exchanges in the last 24 hours. In the last week, Algorand has traded down 11.1% against the dollar.

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

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $25.71 or 0.00037845 BTC.
• NEAR Protocol (NEAR) traded 1.8% higher against the dollar and now trades at $4.31 or 0.00006336 BTC.
• Internet Computer (ICP) traded 0.9% higher against the dollar and now trades at $7.79 or 0.00011470 BTC.
• Cronos (CRO) traded 2% higher against the dollar and now trades at $0.0743 or 0.00000109 BTC.
• Hedera (HBAR) traded up 1.4% against the dollar and now trades at $0.0488 or 0.00000072 BTC.
• Cosmos (ATOM) traded up 1.8% against the dollar and now trades at $4.45 or 0.00006548 BTC.
• Fetch.ai (FET) traded up 2.8% against the dollar and now trades at $1.27 or 0.00001869 BTC.
• Akash Network (AKT) traded 0.6% higher against the dollar and now trades at $2.30 or 0.00003375 BTC.
• Theta Fuel (TFUEL) traded up 0.6% against the dollar and now trades at $0.0551 or 0.00000081 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.33 or 0.00000484 BTC.

Algorand Profile

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 8,328,755,598 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand is algorand.foundation. Algorand’s official message board is forum.algorand.org. 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.”

Algorand Coin Trading

It is usually not currently 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 GDAX, Changelly or Gemini. 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