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Algorand is a virtual currency (cryptocurrency) traded online that enables payments through peer-to-peer transactions, with low cost and secure processing.
The current price of Algorand is $0.11.
In the last 24 hours, the total trading volume of Algorand reached $57.71 Millions, while its current market capitalization stands at $973.31 Millions.
Over the past 12 months, the lowest price recorded in U.S. dollars was $ 0.16, whereas the highest during the same period was $ 0.11.
Based on historical performance, an investment of $1,000 in Algorand one year ago would be worth approximately $33.04 today.
Algorand operates on blockchain technology, which establishes a decentralized network of participants capable of processing and storing data in a distributed manner. This ensures transparency, security, and resilience of the transaction system.
How and where to buy Algorand?
The primary way to acquire Algorand is through cryptocurrency exchanges. These platforms, similar in structure to stock exchanges, act as digital marketplaces where users can buy and sell crypto assets.
Mining Algorand is also an alternative method of acquisition. However, this practice has become increasingly less viable for retail investors, as mining activity is now largely concentrated in large-scale mining farms, reducing the return of small or individual operations.
