Algorand Price Hits $0.27 (ALGO)

Algorand (ALGO) traded 2.1% lower against the US dollar during the 24 hour period ending at 12:00 PM Eastern on February 22nd. One Algorand coin can now be bought for about $0.27 or 0.00000277 BTC on popular exchanges. Algorand has a total market cap of $2.27 billion and $115.46 million worth of Algorand was traded on exchanges in the last 24 hours. During the last week, Algorand has traded 6.8% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $25.93 or 0.00026839 BTC.
• Hedera (HBAR) traded 0.1% lower against the dollar and now trades at $0.22 or 0.00000226 BTC.
• NEAR Protocol (NEAR) traded 1.7% higher against the dollar and now trades at $3.53 or 0.00003656 BTC.
• Internet Computer (ICP) traded 0.1% lower against the dollar and now trades at $7.20 or 0.00007456 BTC.
• Cronos (CRO) traded up 0% against the dollar and now trades at $0.0857 or 0.00000089 BTC.
• Cosmos (ATOM) traded down 0.5% against the dollar and now trades at $4.92 or 0.00005093 BTC.
• Fetch.ai (FET) traded up 1.1% against the dollar and now trades at $0.80 or 0.00000826 BTC.
• Akash Network (AKT) traded up 1.8% against the dollar and now trades at $1.84 or 0.00001901 BTC.
• Kava (KAVA) traded down 3.7% against the dollar and now trades at $0.44 or 0.00000451 BTC.
• Theta Fuel (TFUEL) traded 0.4% higher against the dollar and now trades at $0.0495 or 0.00000051 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 8,455,475,690 coins. The official website for Algorand 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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