Algorand (ALGO) Achieves Self Reported Market Capitalization of $1.39 Billion

Algorand (ALGO) traded down 1.1% against the dollar during the 1-day period ending at 23:00 PM Eastern on April 17th. Over the last week, Algorand has traded 25.6% lower against the dollar. Algorand has a market cap of $1.39 billion and $67.60 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for approximately $0.17 or 0.00000276 BTC on major exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 0.8% lower against the dollar and now trades at $34.51 or 0.00055534 BTC.
• NEAR Protocol (NEAR) traded up 2% against the dollar and now trades at $5.48 or 0.00008827 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $12.20 or 0.00019640 BTC.
• Cronos (CRO) traded 3.4% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded up 0.6% against the dollar and now trades at $8.18 or 0.00013164 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.0802 or 0.00000129 BTC.
• Fetch.ai (FET) traded down 1.9% against the dollar and now trades at $2.01 or 0.00003234 BTC.
• Akash Network (AKT) traded down 6.1% against the dollar and now trades at $3.76 or 0.00006129 BTC.
• Kava (KAVA) traded up 1.7% against the dollar and now trades at $0.66 or 0.00001055 BTC.
• Theta Fuel (TFUEL) traded up 0% against the dollar and now trades at $0.0852 or 0.00000137 BTC.

About Algorand

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 8,130,171,722 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 presently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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