Algorand Price Hits $0.10 on Exchanges (ALGO)

Algorand (ALGO) traded down 0% against the dollar during the 24-hour period ending at 10:00 AM Eastern on February 1st. During the last week, Algorand has traded 11% lower against the dollar. One Algorand coin can now be purchased for about $0.10 or 0.00000132 BTC on major cryptocurrency exchanges. Algorand has a market cap of $913.67 million and $78.07 million worth of Algorand was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Cronos (CRO) traded up 2.4% against the dollar and now trades at $0.0817 or 0.00000104 BTC.
• Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $10.05 or 0.00012829 BTC.
• Hedera (HBAR) traded 0.3% lower against the dollar and now trades at $0.0904 or 0.00000115 BTC.
• Internet Computer (ICP) traded 2.8% lower against the dollar and now trades at $2.70 or 0.00003447 BTC.
• NEAR Protocol (NEAR) traded 2.6% lower against the dollar and now trades at $1.20 or 0.00001529 BTC.
• Cosmos (ATOM) traded down 0.8% against the dollar and now trades at $1.96 or 0.00002500 BTC.
• Fetch.ai (FET) traded up 0% against the dollar and now trades at $0.19 or 0.00000242 BTC.
• PayProtocol Paycoin (PCI) traded up 6.8% against the dollar and now trades at $0.0668 or 0.00000086 BTC.
• Theta Fuel (TFUEL) traded 0.4% higher against the dollar and now trades at $0.0159 or 0.00000020 BTC.
• Akash Network (AKT) traded down 4.6% against the dollar and now trades at $0.37 or 0.00000470 BTC.

Algorand Profile

Algorand 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 8,868,471,776 coins. Algorand’s official message board is forum.algorand.org. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand is algorand.foundation. 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView