Algorand Price Reaches $0.25 (ALGO)

Algorand (ALGO) traded up 3.2% against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on March 2nd. Over the last week, Algorand has traded 4.9% lower against the U.S. dollar. Algorand has a total market capitalization of $2.11 billion and approximately $141.41 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for about $0.25 or 0.00000290 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Hedera (HBAR) traded up 7.4% against the dollar and now trades at $0.25 or 0.00000291 BTC.
• Avalanche (AVAX) traded up 2.8% against the dollar and now trades at $22.06 or 0.00025625 BTC.
• NEAR Protocol (NEAR) traded 5.9% higher against the dollar and now trades at $3.26 or 0.00003791 BTC.
• Internet Computer (ICP) traded up 4% against the dollar and now trades at $6.63 or 0.00007708 BTC.
• Cronos (CRO) traded up 3.2% against the dollar and now trades at $0.0745 or 0.00000087 BTC.
• Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $4.49 or 0.00005218 BTC.
• Fetch.ai (FET) traded 3% higher against the dollar and now trades at $0.65 or 0.00000754 BTC.
• Kava (KAVA) traded up 0.8% against the dollar and now trades at $0.43 or 0.00000496 BTC.
• Akash Network (AKT) traded 2.7% higher against the dollar and now trades at $1.62 or 0.00001879 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.0442 or 0.00000051 BTC.

About Algorand

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 8,462,992,709 coins. 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. The official message board for Algorand is forum.algorand.org. 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView