Algorand (ALGO) Price Tops $0.19

Algorand (ALGO) traded up 0.1% against the U.S. dollar during the one day period ending at 14:00 PM ET on May 29th. Algorand has a total market cap of $1.56 billion and approximately $47.91 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for $0.19 or 0.00000284 BTC on major exchanges. In the last seven days, Algorand has traded 3.5% higher against the U.S. dollar.

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

  • Avalanche (AVAX) traded 0.1% higher against the dollar and now trades at $36.63 or 0.00054426 BTC.
  • NEAR Protocol (NEAR) traded 1.5% higher against the dollar and now trades at $7.67 or 0.00011402 BTC.
  • Internet Computer (ICP) traded 1.4% higher against the dollar and now trades at $12.16 or 0.00018064 BTC.
  • Hedera (HBAR) traded 1.4% higher against the dollar and now trades at $0.10 or 0.00000155 BTC.
  • Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $8.72 or 0.00012949 BTC.
  • Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.12 or 0.00000173 BTC.
  • Fetch.ai (FET) traded 0.8% higher against the dollar and now trades at $2.22 or 0.00003299 BTC.
  • Akash Network (AKT) traded down 0.6% against the dollar and now trades at $5.16 or 0.00007651 BTC.
  • Kava (KAVA) traded down 0.6% against the dollar and now trades at $0.68 or 0.00001007 BTC.
  • Theta Fuel (TFUEL) traded down 1.1% against the dollar and now trades at $0.0988 or 0.00000147 BTC.

Algorand Coin 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 8,168,411,220 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. The official message board for Algorand is forum.algorand.org. Algorand’s official website is 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 acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

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