Minimal amount for sending is 191.54012 algo
ALGO to XMR conversion chart
Algorand to Monero correlation
According to the correlation analysis, ALGO and XMR have a strong relationship with each other and correlate. Whenever there is a change in the price of ALGO then XMR also tends to follow the same pattern and move together.
Live ALGO Price Change and Market Cap
Currently, ALGO price is 0.001615 XMR. According to the Algorand price chart, the 24-hour change is -1.52%. The total market capitalization of Algorand is $474 with 474.86 ALGO in circulation. In the previous 24 hours, Algorand price hit highs of 0.001641 XMR and lows of 0.001599 XMR.
Algorand Price Prediction
Algorand gained traction in the crypto community and grew rapidly. The Algorand price reached an all-time high of $3.28 on June 21, 2019. By September of the same year, ALGO price dropped sharply to the levels of $0.2. Algorand price opened 2020 at a similar price and reached $0.45 in February. After a correction, Algorand price moved sideways till the end of June.
Algorand is expected to grow in the next few years, ALGO will be traded at $1.81 by 2025. It would be too early to predict the price of Algorand for 2030 as the cryptocurrency is only a few years old. Despite this, we believe that Algorand price will continue to reach new heights as it is a project driven by advanced tech which solves the scalability issues of the blockchains.
ALGO to XMR exchange margin
Considering today’s exchange rate, a transaction of 1 ALGO to XMR would result in an output of 0.001615 XMR.
How to convert Algorand to Monero
Algorand and Monero comparison
Algorand is a blockchain project with the mission to end the need to compromise in the blockchain trilemma. Its developers claim it is secure, since it uses latest cryptography technologies, scalable, since it is memory-efficient, and decentralized, since all network participants propagate it.
Monero is an open-source, decentralized blockchain asset launched in the year 2014. In general, blockchain is designed to be transparent and all the transactions can be checked on the network and may probably be connected to an individual in real-world. Monero aims to provide the utmost privacy to the people while sending money through blockchain. Monero blockchain was intentionally designed to be opaque and doesn’t reveal the transaction details like the amount and disguises the sender and recipient addresses. Monero is a community-driven project and mining doesn’t require expensive ASICs. Monero trades with the ticker XMR and is also accepted widely by the merchants online.
What is Algorand?
Algorand is an open-source blockchain network founded by Silvio Micali in 2017. The whitepaper was published in the same year by Silvio along with Jing Chen. Steve Kokinos is the CEO of Algorand and the whole team is comprised of researchers and cryptographers. Algorand Foundation oversees the development and adoption of the network. Through the Algorand blockchain, the team aims to create a borderless economy.
ALGO is the native cryptocurrency of the chain and was initially distributed through an IEO on Binance in 2019. It is estimated that around 3 Billion ALGO tokens are in circulation as of writing. Though Algorand is new to the market, it caught the eye of the crypto enthusiasts due to the tech behind it. It uses a Pure Proof-of-Stake and has faster processing speeds. Algorand 2.0 is in works and boasts features like smart contracts and atomic swaps.
Algorand to Monero price details
ALGO to XMR Conversion Rate and Price
Currently, the conversion rate for 1 ALGO equals to 0.001615 XMR. The 24-hour highest price of Algorand in relation to XMR was 0.001641 XMR and the lowest was 0.001599 XMR. In short, ALGO price in relation to XMR changed by -1.52%.
Instantly Exchange ALGO to XMR
On ChangeHero you can instantly exchange Algorand to Monero without signup. You can easily convert ALGO to XMR in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your ALGO to XMR exchange.
ALGO to XMR Best Rate Exchange
In the Best Rate exchange of Algorand to Monero, we search through various exchanges for the ALGO to XMR pair and find the best rate available in the market. We provide you with an estimation of the amount of XMR you will receive.
As soon as you accept the terms and the ALGO is deposited, the exchange will be automatically processed. We remind you that the final amount of XMR you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of ALGO to XMR.
ALGO to XMR Fixed Rate Conversion
In the Fixed Rate exchange of Algorand to Monero, ChangeHero finds a good rate for the pair ALGO to XMR and fix the rate for up to 15 minutes. In the Best Rate exchange of ALGO to XMR, you will receive the exact amount of XMR which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned XMR address. ChangeHero is the best place to exchange ALGO to XMR fast and safe at the best rates.
Frequently asked questions
How long does it take to convert ALGO to XMR?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange ALGO to XMR?
No, you do not require an account to swap ALGO to XMR on ChangeHero. There will be no registrations for your Algorand to Monero transaction.
Do I need to go through KYC procedures for ALGO to XMR exchange?
There will be no KYC for the ALGO to XMR exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange XMR to ALGO?
Yes, you can instantly exchange XMR to ALGO on ChangeHero.