Algorand Price Tops $0.45 on Top Exchanges (ALGO)

Algorand (ALGO) traded 4.2% lower against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on May 14th. One Algorand coin can currently be purchased for $0.45 or 0.00001508 BTC on cryptocurrency exchanges. Over the last seven days, Algorand has traded 39.5% lower against the U.S. dollar. Algorand has a total market cap of $3.06 billion and $165.03 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 down 1.3% against the dollar and now trades at $32.53 or 0.00109180 BTC.
  • Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.19 or 0.00000626 BTC.
  • NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $6.64 or 0.00022276 BTC.
  • Hedera (HBAR) traded 4.1% lower against the dollar and now trades at $0.0995 or 0.00000334 BTC.
  • Elrond (EGLD) traded down 1.2% against the dollar and now trades at $87.15 or 0.00292519 BTC.
  • Helium (HNT) traded down 7.4% against the dollar and now trades at $9.46 or 0.00031765 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Kava (KAVA) traded 9.5% higher against the dollar and now trades at $2.40 or 0.00008069 BTC.
  • Theta Fuel (TFUEL) traded down 5.4% against the dollar and now trades at $0.0707 or 0.00000237 BTC.
  • Divi (DIVI) traded down 1% against the dollar and now trades at $0.0400 or 0.00000134 BTC.

Algorand Profile

ALGO uses the hashing algorithm. Its genesis date was June 19th, 2019. Algorand’s total supply is 7,219,687,739 coins and its circulating supply is 6,811,780,082 coins. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algorand. Algorand’s official message board is medium.com/algorand-foundation. The Reddit community for Algorand is /r/AlgorandOfficial and the currency’s Github account can be viewed here.

According to CryptoCompare, “The Algorand platform is the first 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the aforementioned exchanges.

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