Algorand Price Reaches $0.47 on Major Exchanges (ALGO)

Algorand (ALGO) traded down 1.4% against the U.S. dollar during the 24-hour period ending at 15:00 PM Eastern on January 17th. Over the last seven days, Algorand has traded 23.1% higher against the U.S. dollar. One Algorand coin can currently be purchased for approximately $0.47 or 0.00000446 BTC on major cryptocurrency exchanges. Algorand has a market cap of $3.94 billion and approximately $459.77 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $40.97 or 0.00038810 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.37 or 0.00000351 BTC.
• NEAR Protocol (NEAR) traded up 6.6% against the dollar and now trades at $5.59 or 0.00005298 BTC.
• Internet Computer (ICP) traded up 2% against the dollar and now trades at $11.23 or 0.00010641 BTC.
• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.15 or 0.00000138 BTC.
• Fetch.ai (FET) traded 2.2% higher against the dollar and now trades at $1.39 or 0.00001314 BTC.
• Cosmos (ATOM) traded up 3% against the dollar and now trades at $6.91 or 0.00006546 BTC.
• Akash Network (AKT) traded up 3.8% against the dollar and now trades at $3.23 or 0.00003084 BTC.
• Kava (KAVA) traded 1.9% higher against the dollar and now trades at $0.51 or 0.00000484 BTC.
• Theta Fuel (TFUEL) traded up 1.5% against the dollar and now trades at $0.0701 or 0.00000066 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 8,380,905,552 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official message board is forum.algorand.org.

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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView