Algorand Price Tops $0.40 on Top Exchanges (ALGO)

Algorand (ALGO) traded up 11.4% against the US dollar during the 24 hour period ending at 13:00 PM E.T. on December 24th. Algorand has a total market capitalization of $3.31 billion and $403.69 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be bought for $0.40 or 0.00000403 BTC on popular cryptocurrency exchanges. Over the last seven days, Algorand has traded down 7.4% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded up 11.7% against the dollar and now trades at $41.20 or 0.00041838 BTC.
• Hedera (HBAR) traded 20.2% higher against the dollar and now trades at $0.32 or 0.00000328 BTC.
• NEAR Protocol (NEAR) traded up 8.7% against the dollar and now trades at $5.56 or 0.00005650 BTC.
• Internet Computer (ICP) traded 11% higher against the dollar and now trades at $11.18 or 0.00011349 BTC.
• Cronos (CRO) traded 7.2% higher against the dollar and now trades at $0.17 or 0.00000169 BTC.
• Fetch.ai (FET) traded up 9.3% against the dollar and now trades at $1.39 or 0.00001414 BTC.
• Cosmos (ATOM) traded 8.3% higher against the dollar and now trades at $7.09 or 0.00007196 BTC.
• Akash Network (AKT) traded up 10.2% against the dollar and now trades at $3.33 or 0.00003364 BTC.
• Kava (KAVA) traded 10.5% higher against the dollar and now trades at $0.48 or 0.00000484 BTC.
• Theta Fuel (TFUEL) traded 6.1% higher against the dollar and now trades at $0.0709 or 0.00000072 BTC.

Algorand Coin Profile

Algorand (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 8,334,763,764 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org. 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.

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 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView