Algorand (ALGO) Self Reported Market Capitalization Achieves $1.42 Billion

Algorand (ALGO) traded up 2.9% against the dollar during the 1 day period ending at 19:00 PM Eastern on April 16th. One Algorand coin can currently be purchased for approximately $0.17 or 0.00000274 BTC on exchanges. Algorand has a market capitalization of $1.42 billion and approximately $84.12 million worth of Algorand was traded on exchanges in the last day. In the last week, Algorand has traded 24.4% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 0.5% against the dollar and now trades at $34.99 or 0.00054781 BTC.
• NEAR Protocol (NEAR) traded 5.6% higher against the dollar and now trades at $5.52 or 0.00008637 BTC.
• Internet Computer (ICP) traded down 0.7% against the dollar and now trades at $12.28 or 0.00019235 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.13 or 0.00000199 BTC.
• Cosmos (ATOM) traded 0.8% higher against the dollar and now trades at $8.20 or 0.00012839 BTC.
• Hedera (HBAR) traded up 1% against the dollar and now trades at $0.0802 or 0.00000126 BTC.
• Fetch.ai (FET) traded 3.1% higher against the dollar and now trades at $2.11 or 0.00003309 BTC.
• Akash Network (AKT) traded up 11.1% against the dollar and now trades at $3.96 or 0.00006206 BTC.
• Kava (KAVA) traded up 1.3% against the dollar and now trades at $0.65 or 0.00001019 BTC.
• Theta Fuel (TFUEL) traded 1.2% lower against the dollar and now trades at $0.0867 or 0.00000136 BTC.

About Algorand

ALGO 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 8,130,181,864 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView