Algorand Price Reaches $0.12 on Exchanges (ALGO)

Algorand (ALGO) traded down 1.8% against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on November 1st. Algorand has a total market capitalization of $959.66 million and $26.92 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.12 or 0.00000164 BTC on exchanges. During the last seven days, Algorand has traded down 5.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 2.2% lower against the dollar and now trades at $25.15 or 0.00035858 BTC.
• NEAR Protocol (NEAR) traded 4.9% lower against the dollar and now trades at $4.01 or 0.00005723 BTC.
• Internet Computer (ICP) traded down 0.4% against the dollar and now trades at $7.92 or 0.00011290 BTC.
• Fetch.ai (FET) traded down 1.6% against the dollar and now trades at $1.28 or 0.00001827 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0735 or 0.00000105 BTC.
• Hedera (HBAR) traded down 1.7% against the dollar and now trades at $0.0464 or 0.00000066 BTC.
• Cosmos (ATOM) traded down 3% against the dollar and now trades at $4.22 or 0.00006024 BTC.
• Akash Network (AKT) traded 1.9% lower against the dollar and now trades at $2.40 or 0.00003432 BTC.
• Kava (KAVA) traded 3% lower against the dollar and now trades at $0.33 or 0.00000466 BTC.
• Theta Fuel (TFUEL) traded down 3% against the dollar and now trades at $0.0521 or 0.00000074 BTC.

Algorand Coin 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 8,335,698,077 coins. 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. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView