Algorand Price Hits $0.15 on Exchanges (ALGO)

Algorand (ALGO) traded 3% lower against the dollar during the 1 day period ending at 13:00 PM Eastern on November 14th. One Algorand coin can currently be bought for about $0.15 or 0.00000164 BTC on cryptocurrency exchanges. In the last seven days, Algorand has traded up 17.8% against the dollar. Algorand has a market capitalization of $1.21 billion and approximately $114.68 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 5.4% against the dollar and now trades at $32.41 or 0.00036386 BTC.
• NEAR Protocol (NEAR) traded up 1.5% against the dollar and now trades at $5.45 or 0.00006114 BTC.
• Cronos (CRO) traded down 12.1% against the dollar and now trades at $0.16 or 0.00000177 BTC.
• Internet Computer (ICP) traded down 6.3% against the dollar and now trades at $8.20 or 0.00009204 BTC.
• Fetch.ai (FET) traded up 1.1% against the dollar and now trades at $1.29 or 0.00001454 BTC.
• Hedera (HBAR) traded up 2.3% against the dollar and now trades at $0.0620 or 0.00000070 BTC.
• Cosmos (ATOM) traded 5% lower against the dollar and now trades at $5.00 or 0.00005608 BTC.
• Akash Network (AKT) traded down 6.1% against the dollar and now trades at $3.13 or 0.00003528 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.39 or 0.00000434 BTC.
• Theta Fuel (TFUEL) traded down 7.2% against the dollar and now trades at $0.0564 or 0.00000063 BTC.

Algorand Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,273,958,038 coins. Algorand’s official website is algorand.foundation. 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. 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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