Algorand Price Hits $0.34 on Top Exchanges (ALGO)

Algorand (ALGO) traded 0.1% higher against the U.S. dollar during the 24 hour period ending at 13:00 PM ET on December 28th. Algorand has a total market capitalization of $2.84 billion and approximately $156.45 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.34 or 0.00000359 BTC on cryptocurrency exchanges. In the last seven days, Algorand has traded 1.4% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $37.70 or 0.00039752 BTC.
• Hedera (HBAR) traded 3.5% higher against the dollar and now trades at $0.29 or 0.00000305 BTC.
• NEAR Protocol (NEAR) traded 0.7% higher against the dollar and now trades at $5.24 or 0.00005527 BTC.
• Internet Computer (ICP) traded up 2.1% against the dollar and now trades at $10.57 or 0.00011151 BTC.
• Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.15 or 0.00000158 BTC.
• Fetch.ai (FET) traded up 0.9% against the dollar and now trades at $1.35 or 0.00001427 BTC.
• Cosmos (ATOM) traded down 0.3% against the dollar and now trades at $6.56 or 0.00006916 BTC.
• Akash Network (AKT) traded 0.2% higher against the dollar and now trades at $3.04 or 0.00003201 BTC.
• Kava (KAVA) traded up 3.6% against the dollar and now trades at $0.48 or 0.00000505 BTC.
• Theta Fuel (TFUEL) traded 4.6% higher against the dollar and now trades at $0.0675 or 0.00000071 BTC.

Algorand Coin Profile

Algorand uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,335,069,229 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 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase 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