Algorand (ALGO) Price Tops $0.24 on Major Exchanges

Algorand (ALGO) traded 2.4% lower against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on November 24th. One Algorand coin can currently be bought for $0.24 or 0.00001443 BTC on popular cryptocurrency exchanges. Algorand has a market capitalization of $1.70 billion and approximately $74.68 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded down 11.8% against the dollar.

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

  • Avalanche (AVAX) traded 1.3% lower against the dollar and now trades at $12.84 or 0.00077565 BTC.
  • Cosmos (ATOM) traded up 2.8% against the dollar and now trades at $10.08 or 0.00060915 BTC.
  • Cronos (CRO) traded down 3.1% against the dollar and now trades at $0.0651 or 0.00000393 BTC.
  • NEAR Protocol (NEAR) traded down 1.5% against the dollar and now trades at $1.63 or 0.00009852 BTC.
  • Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $3.85 or 0.00023235 BTC.
  • Hedera (HBAR) traded up 1.4% against the dollar and now trades at $0.0490 or 0.00000296 BTC.
  • PayProtocol Paycoin (PCI) traded down 0.5% against the dollar and now trades at $0.24 or 0.00001425 BTC.
  • Kava (KAVA) traded 0.3% lower against the dollar and now trades at $0.90 or 0.00005451 BTC.
  • Theta Fuel (TFUEL) traded 2.5% higher against the dollar and now trades at $0.0483 or 0.00000292 BTC.
  • TerraClassicUSD (USTC) traded 1.7% lower against the dollar and now trades at $0.0207 or 0.00000125 BTC.

About Algorand

Algorand uses the hashing algorithm. Its launch date was June 19th, 2019. Algorand’s total supply is 7,338,104,237 coins and its circulating supply is 7,115,757,812 coins. Algorand’s official website is algorand.foundation. Algorand’s official message board is medium.com/algorand-foundation. 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.

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.”

Algorand Coin Trading

It is usually not currently 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 GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

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