Algorand (ALGO) Price Tops $0.14

Algorand (ALGO) traded up 3.6% against the US dollar during the one day period ending at 18:00 PM E.T. on July 26th. One Algorand coin can now be purchased for $0.14 or 0.00000209 BTC on popular cryptocurrency exchanges. Algorand has a market cap of $1.17 billion and $28.51 million worth of Algorand was traded on exchanges in the last day. During the last seven days, Algorand has traded down 10.3% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 4% against the dollar and now trades at $28.48 or 0.00041911 BTC.
• NEAR Protocol (NEAR) traded 6% higher against the dollar and now trades at $5.69 or 0.00008370 BTC.
• Internet Computer (ICP) traded down 1.8% against the dollar and now trades at $9.63 or 0.00014176 BTC.
• Hedera (HBAR) traded up 3.5% against the dollar and now trades at $0.0682 or 0.00000100 BTC.
• Cronos (CRO) traded 2.7% higher against the dollar and now trades at $0.0915 or 0.00000135 BTC.
• Cosmos (ATOM) traded up 4.8% against the dollar and now trades at $6.16 or 0.00009064 BTC.
• Fetch.ai (FET) traded up 6.2% against the dollar and now trades at $1.28 or 0.00001877 BTC.
• Akash Network (AKT) traded 5.3% higher against the dollar and now trades at $3.27 or 0.00004791 BTC.
• Theta Fuel (TFUEL) traded 3.9% higher against the dollar and now trades at $0.0687 or 0.00000101 BTC.
• Kava (KAVA) traded 7% higher against the dollar and now trades at $0.42 or 0.00000615 BTC.

Algorand Coin Profile

Algorand 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 8,226,861,787 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView