Algorand (ALGO) Price Reaches $0.18

Algorand (ALGO) traded 5.8% higher against the US dollar during the one day period ending at 21:00 PM Eastern on April 19th. Over the last week, Algorand has traded 5.9% lower against the US dollar. One Algorand coin can currently be bought for about $0.18 or 0.00000277 BTC on popular cryptocurrency exchanges. Algorand has a total market cap of $1.43 billion and approximately $76.38 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 4.6% higher against the dollar and now trades at $34.67 or 0.00054556 BTC.
• Internet Computer (ICP) traded up 15.3% against the dollar and now trades at $14.12 or 0.00022215 BTC.
• NEAR Protocol (NEAR) traded up 3.2% against the dollar and now trades at $5.63 or 0.00008854 BTC.
• Cronos (CRO) traded up 3.7% against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded up 4.4% against the dollar and now trades at $8.22 or 0.00012938 BTC.
• Hedera (HBAR) traded 2.5% higher against the dollar and now trades at $0.0807 or 0.00000127 BTC.
• Fetch.ai (FET) traded up 8.9% against the dollar and now trades at $2.12 or 0.00003332 BTC.
• Akash Network (AKT) traded down 1.8% against the dollar and now trades at $3.82 or 0.00006008 BTC.
• Kava (KAVA) traded 4.6% higher against the dollar and now trades at $0.67 or 0.00001055 BTC.
• Theta Fuel (TFUEL) traded 4.9% higher against the dollar and now trades at $0.0862 or 0.00000136 BTC.

About Algorand

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 8,130,156,225 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. 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.

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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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