Algorand Hits Self Reported Market Cap of $1.41 Billion (ALGO)

Algorand (ALGO) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 17:00 PM E.T. on April 17th. Over the last week, Algorand has traded 23.8% lower against the U.S. dollar. Algorand has a market cap of $1.41 billion and approximately $67.10 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for approximately $0.17 or 0.00000281 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded down 1.4% against the dollar and now trades at $34.47 or 0.00056039 BTC.
• NEAR Protocol (NEAR) traded up 1.9% against the dollar and now trades at $5.52 or 0.00008982 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $12.12 or 0.00019710 BTC.
• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Cosmos (ATOM) traded down 0.2% against the dollar and now trades at $8.18 or 0.00013304 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0794 or 0.00000129 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $2.02 or 0.00003283 BTC.
• Akash Network (AKT) traded down 6.8% against the dollar and now trades at $3.74 or 0.00006154 BTC.
• Kava (KAVA) traded 0% higher against the dollar and now trades at $0.65 or 0.00001062 BTC.
• Theta Fuel (TFUEL) traded 4.7% lower against the dollar and now trades at $0.0821 or 0.00000133 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,130,173,667 coins. Algorand’s official message board 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 website is algorand.foundation. 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 possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView