Algorand Price Reaches $0.24 (ALGO)

Algorand (ALGO) traded up 4.4% against the U.S. dollar during the 1 day period ending at 13:00 PM Eastern on February 26th. During the last week, Algorand has traded 9.7% lower against the U.S. dollar. One Algorand coin can currently be purchased for approximately $0.24 or 0.00000273 BTC on exchanges. Algorand has a total market capitalization of $1.99 billion and $11.70 million worth of Algorand was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 2.5% higher against the dollar and now trades at $21.84 or 0.00025308 BTC.
• Hedera (HBAR) traded 5.1% higher against the dollar and now trades at $0.20 or 0.00000226 BTC.
• NEAR Protocol (NEAR) traded up 2.6% against the dollar and now trades at $2.99 or 0.00003466 BTC.
• Internet Computer (ICP) traded up 3% against the dollar and now trades at $6.35 or 0.00007359 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0740 or 0.00000086 BTC.
• Cosmos (ATOM) traded up 4.8% against the dollar and now trades at $4.54 or 0.00005256 BTC.
• Fetch.ai (FET) traded down 0.4% against the dollar and now trades at $0.65 or 0.00000749 BTC.
• Kava (KAVA) traded down 0.3% against the dollar and now trades at $0.40 or 0.00000467 BTC.
• Akash Network (AKT) traded down 0.6% against the dollar and now trades at $1.55 or 0.00001781 BTC.
• Theta Fuel (TFUEL) traded up 0.2% against the dollar and now trades at $0.0441 or 0.00000051 BTC.

Algorand Coin Profile

Algorand 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 8,462,352,196 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 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 GDAX, Coinbase or Changelly. 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