Algorand (ALGO) Price Reaches $0.13 on Major Exchanges

Algorand (ALGO) traded down 4.4% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on January 16th. In the last week, Algorand has traded down 4.1% against the US dollar. One Algorand coin can currently be bought for $0.13 or 0.00000133 BTC on popular exchanges. Algorand has a market cap of $1.12 billion and $37.70 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 0.4% higher against the dollar and now trades at $0.10 or 0.00000107 BTC.
• Avalanche (AVAX) traded 2.8% lower against the dollar and now trades at $13.77 or 0.00014461 BTC.
• Hedera (HBAR) traded down 3.5% against the dollar and now trades at $0.12 or 0.00000122 BTC.
• Internet Computer (ICP) traded 0.7% lower against the dollar and now trades at $4.25 or 0.00004465 BTC.
• NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $1.72 or 0.00001810 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $2.49 or 0.00002611 BTC.
• Fetch.ai (FET) traded down 1.8% against the dollar and now trades at $0.28 or 0.00000292 BTC.
• Theta Fuel (TFUEL) traded 1% lower against the dollar and now trades at $0.0195 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.1% against the dollar and now trades at $0.47 or 0.00000497 BTC.
• PayProtocol Paycoin (PCI) traded 0.7% lower against the dollar and now trades at $0.0713 or 0.00000075 BTC.

About Algorand

Algorand (ALGO) uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,852,143,054 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView