Algorand Price Reaches $0.0905 on Exchanges (ALGO)

Algorand (ALGO) traded 2.7% higher against the U.S. dollar during the one day period ending at 10:00 AM E.T. on February 21st. Over the last week, Algorand has traded down 6.9% against the U.S. dollar. Algorand has a market capitalization of $803.41 million and $32.87 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.0905 or 0.00000133 BTC on popular cryptocurrency exchanges.

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

• Cronos (CRO) traded 1.4% higher against the dollar and now trades at $0.0784 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded up 3.9% against the dollar and now trades at $9.33 or 0.00013676 BTC.
• NEAR Protocol (NEAR) traded 6.5% higher against the dollar and now trades at $1.08 or 0.00001577 BTC.
• Internet Computer (ICP) traded 5.8% higher against the dollar and now trades at $2.26 or 0.00003309 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $2.35 or 0.00003448 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $0.17 or 0.00000247 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% higher against the dollar and now trades at $0.0608 or 0.00000089 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0146 or 0.00000021 BTC.
• Akash Network (AKT) traded up 2% against the dollar and now trades at $0.32 or 0.00000472 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 8,880,066,234 coins. The official website for Algorand is algorand.foundation. 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.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy. The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once. Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization. Telegram, Discord, Facebook, YouTube, Weibo, LinkedIn, GitHub, Reddit, MediumWhitepaper”

Algorand Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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