Algorand (ALGO) Price Hits $0.20 on Exchanges

Algorand (ALGO) traded up 1.9% against the US dollar during the 24-hour period ending at 19:00 PM Eastern on May 5th. Over the last week, Algorand has traded 0.6% higher against the US dollar. Algorand has a total market capitalization of $1.60 billion and $53.27 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for about $0.20 or 0.00000308 BTC on major cryptocurrency exchanges.

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

• Avalanche (AVAX) traded up 0.4% against the dollar and now trades at $37.32 or 0.00058478 BTC.
• NEAR Protocol (NEAR) traded up 8.9% against the dollar and now trades at $7.46 or 0.00011694 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $12.96 or 0.00020305 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded up 7.7% against the dollar and now trades at $9.35 or 0.00014648 BTC.
• Cronos (CRO) traded down 0.7% against the dollar and now trades at $0.13 or 0.00000207 BTC.
• Fetch.ai (FET) traded 7.8% higher against the dollar and now trades at $2.33 or 0.00003653 BTC.
• Akash Network (AKT) traded up 14.2% against the dollar and now trades at $4.94 or 0.00007754 BTC.
• Kava (KAVA) traded up 1.3% against the dollar and now trades at $0.69 or 0.00001083 BTC.
• Theta Fuel (TFUEL) traded down 0.8% against the dollar and now trades at $0.11 or 0.00000171 BTC.

Algorand 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 8,145,279,606 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board 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. 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.”

Algorand Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView