Algorand (ALGO) Price Hits $0.13

Algorand (ALGO) traded down 2% against the dollar during the one day period ending at 20:00 PM Eastern on June 23rd. One Algorand coin can now be purchased for $0.13 or 0.00000211 BTC on popular cryptocurrency exchanges. Algorand has a market cap of $1.09 billion and approximately $22.64 million worth of Algorand was traded on exchanges in the last day. Over the last seven days, Algorand has traded 15% lower against the dollar.

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

• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $25.05 or 0.00039790 BTC.
• NEAR Protocol (NEAR) traded down 2.4% against the dollar and now trades at $5.21 or 0.00008267 BTC.
• Internet Computer (ICP) traded 4.5% lower against the dollar and now trades at $7.89 or 0.00012529 BTC.
• Hedera (HBAR) traded 3.1% lower against the dollar and now trades at $0.0762 or 0.00000121 BTC.
• Cosmos (ATOM) traded down 1.1% against the dollar and now trades at $6.71 or 0.00010651 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0914 or 0.00000145 BTC.
• Fetch.ai (FET) traded 6.1% lower against the dollar and now trades at $1.41 or 0.00002234 BTC.
• Akash Network (AKT) traded 6.2% lower against the dollar and now trades at $2.85 or 0.00004473 BTC.
• Theta Fuel (TFUEL) traded up 2.6% against the dollar and now trades at $0.0751 or 0.00000119 BTC.
• Kava (KAVA) traded 3.6% lower against the dollar and now trades at $0.45 or 0.00000721 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 8,179,705,465 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation. 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView