Algorand Price Tops $0.0934 (ALGO)

Algorand (ALGO) traded 2.4% lower against the US dollar during the 1 day period ending at 10:00 AM Eastern on February 17th. One Algorand coin can currently be bought for approximately $0.0934 or 0.00000139 BTC on exchanges. Algorand has a total market capitalization of $828.83 million and approximately $27.24 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last week, Algorand has traded 0% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0789 or 0.00000118 BTC.
• Hedera (HBAR) traded down 0.9% against the dollar and now trades at $0.10 or 0.00000149 BTC.
• Avalanche (AVAX) traded down 1.9% against the dollar and now trades at $9.07 or 0.00013535 BTC.
• Internet Computer (ICP) traded 1.9% lower against the dollar and now trades at $2.37 or 0.00003539 BTC.
• NEAR Protocol (NEAR) traded 1.1% lower against the dollar and now trades at $1.04 or 0.00001554 BTC.
• Cosmos (ATOM) traded up 2.4% against the dollar and now trades at $2.25 or 0.00003363 BTC.
• Fetch.ai (FET) traded 2.3% lower against the dollar and now trades at $0.17 or 0.00000253 BTC.
• PayProtocol Paycoin (PCI) traded up 0.2% against the dollar and now trades at $0.0600 or 0.00000088 BTC.
• Theta Fuel (TFUEL) traded down 1.5% against the dollar and now trades at $0.0149 or 0.00000022 BTC.
• Akash Network (AKT) traded 1.5% higher against the dollar and now trades at $0.34 or 0.00000494 BTC.

Algorand Profile

ALGO uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,873,200,677 coins. Algorand’s official website is algorand.foundation. The official message board for Algorand 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 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, Changelly or Coinbase. 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