Algorand Reaches Self Reported Market Cap of $1.54 Billion (ALGO)

Algorand (ALGO) traded 0% lower against the dollar during the 1 day period ending at 0:00 AM Eastern on April 29th. Algorand has a market cap of $1.54 billion and $68.56 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for $0.19 or 0.00000298 BTC on major exchanges. In the last week, Algorand has traded 1.4% lower against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $34.83 or 0.00054745 BTC.
• NEAR Protocol (NEAR) traded down 0.5% against the dollar and now trades at $6.89 or 0.00010825 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $13.25 or 0.00020832 BTC.
• Hedera (HBAR) traded down 0.6% against the dollar and now trades at $0.10 or 0.00000159 BTC.
• Cronos (CRO) traded up 4.3% against the dollar and now trades at $0.13 or 0.00000212 BTC.
• Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $8.16 or 0.00012825 BTC.
• Fetch.ai (FET) traded down 0.1% against the dollar and now trades at $2.14 or 0.00003360 BTC.
• Akash Network (AKT) traded 0.9% lower against the dollar and now trades at $4.34 or 0.00006799 BTC.
• Kava (KAVA) traded up 0.2% against the dollar and now trades at $0.68 or 0.00001073 BTC.
• Theta Fuel (TFUEL) traded 0.1% higher against the dollar and now trades at $0.11 or 0.00000167 BTC.

Algorand Coin Profile

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 8,141,316,720 coins. 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. The official message board for Algorand is forum.algorand.org. The official website for Algorand 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 presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView