Algorand Price Tops $0.0971 (ALGO)

Algorand (ALGO) traded 0.1% higher against the US dollar during the 1 day period ending at 16:00 PM ET on September 19th. Over the last seven days, Algorand has traded up 8% against the US dollar. One Algorand coin can now be purchased for $0.0971 or 0.00000357 BTC on cryptocurrency exchanges. Algorand has a market cap of $760.11 million and $14.63 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.3% against the dollar and now trades at $9.19 or 0.00033792 BTC.
• Cosmos (ATOM) traded up 2.6% against the dollar and now trades at $7.56 or 0.00027794 BTC.
• Hedera (HBAR) traded down 0.3% against the dollar and now trades at $0.0508 or 0.00000187 BTC.
• Internet Computer (ICP) traded 1.5% higher against the dollar and now trades at $3.04 or 0.00011165 BTC.
• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.0511 or 0.00000188 BTC.
• NEAR Protocol (NEAR) traded 2% higher against the dollar and now trades at $1.13 or 0.00004149 BTC.
• Kava (KAVA) traded 1% higher against the dollar and now trades at $0.64 or 0.00002343 BTC.
• Theta Fuel (TFUEL) traded 0.8% lower against the dollar and now trades at $0.0338 or 0.00000124 BTC.
• Fetch.ai (FET) traded 0.9% higher against the dollar and now trades at $0.23 or 0.00000854 BTC.
• Akash Network (AKT) traded down 4.3% against the dollar and now trades at $0.86 or 0.00003154 BTC.

Algorand Profile

Algorand (ALGO) uses the hashing algorithm. It was first traded on June 19th, 2019. Algorand’s total supply is 7,829,231,445 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand 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 message board is medium.com/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.”

Buying and Selling Algorand

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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView