Algorand (ALGO) Price Tops $0.20

Algorand (ALGO) traded 4.7% lower against the dollar during the one day period ending at 19:00 PM ET on April 25th. One Algorand coin can now be purchased for approximately $0.20 or 0.00000313 BTC on major cryptocurrency exchanges. Algorand has a market capitalization of $1.64 billion and approximately $152.91 million worth of Algorand was traded on exchanges in the last day. In the last seven days, Algorand has traded up 15.2% against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $35.63 or 0.00055138 BTC.
• NEAR Protocol (NEAR) traded up 4.5% against the dollar and now trades at $7.12 or 0.00011016 BTC.
• Internet Computer (ICP) traded 0.9% higher against the dollar and now trades at $13.74 or 0.00021268 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Cronos (CRO) traded up 3.1% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $8.34 or 0.00012902 BTC.
• Fetch.ai (FET) traded 3% higher against the dollar and now trades at $2.32 or 0.00003594 BTC.
• Akash Network (AKT) traded 0.9% lower against the dollar and now trades at $4.91 or 0.00007588 BTC.
• Theta Fuel (TFUEL) traded up 6.7% against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Kava (KAVA) traded 2.5% lower against the dollar and now trades at $0.71 or 0.00001106 BTC.

Algorand Coin Profile

Algorand 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 8,138,093,902 coins. 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. Algorand’s official website is algorand.foundation. Algorand’s official message board is forum.algorand.org.

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 U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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