Algorand (ALGO) Price Reaches $0.20 on Major Exchanges

Algorand (ALGO) traded down 11.8% against the dollar during the one day period ending at 7:00 AM E.T. on April 25th. One Algorand coin can now be purchased for about $0.20 or 0.00000317 BTC on exchanges. In the last seven days, Algorand has traded up 18% against the dollar. Algorand has a total market capitalization of $1.65 billion and $242.82 million worth of Algorand was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 10% lower against the dollar and now trades at $35.15 or 0.00055153 BTC.
• NEAR Protocol (NEAR) traded down 5.3% against the dollar and now trades at $6.67 or 0.00010464 BTC.
• Internet Computer (ICP) traded 7.8% lower against the dollar and now trades at $13.52 or 0.00021209 BTC.
• Hedera (HBAR) traded down 13% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cronos (CRO) traded down 4.7% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cosmos (ATOM) traded down 5.9% against the dollar and now trades at $8.31 or 0.00013032 BTC.
• Fetch.ai (FET) traded 11.2% lower against the dollar and now trades at $2.25 or 0.00003523 BTC.
• Akash Network (AKT) traded down 10.1% against the dollar and now trades at $4.70 or 0.00007390 BTC.
• Kava (KAVA) traded 7.9% lower against the dollar and now trades at $0.71 or 0.00001110 BTC.
• Theta Fuel (TFUEL) traded down 0.8% against the dollar and now trades at $0.12 or 0.00000182 BTC.

About Algorand

Algorand uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,138,097,747 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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.”

Algorand Coin Trading

It is usually not presently 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 Gemini, Changelly or Coinbase. 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