Algorand Self Reported Market Cap Hits $1.73 Billion (ALGO)

Algorand (ALGO) traded 9.2% higher against the dollar during the twenty-four hour period ending at 20:00 PM E.T. on April 24th. Algorand has a market capitalization of $1.73 billion and approximately $672.47 million worth of Algorand was traded on exchanges in the last day. In the last seven days, Algorand has traded up 25.9% against the dollar. One Algorand coin can currently be bought for about $0.21 or 0.00000330 BTC on exchanges.

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

• Avalanche (AVAX) traded 4.9% lower against the dollar and now trades at $36.39 or 0.00056632 BTC.
• NEAR Protocol (NEAR) traded down 0.8% against the dollar and now trades at $6.85 or 0.00010653 BTC.
• Internet Computer (ICP) traded down 5.4% against the dollar and now trades at $13.70 or 0.00021315 BTC.
• Hedera (HBAR) traded 20.5% lower against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Cronos (CRO) traded down 5.1% against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded 3.6% lower against the dollar and now trades at $8.40 or 0.00013067 BTC.
• Fetch.ai (FET) traded 7.4% lower against the dollar and now trades at $2.26 or 0.00003523 BTC.
• Akash Network (AKT) traded 0.5% lower against the dollar and now trades at $5.09 or 0.00007924 BTC.
• Kava (KAVA) traded 3.6% lower against the dollar and now trades at $0.73 or 0.00001139 BTC.
• Theta Fuel (TFUEL) traded up 8.4% against the dollar and now trades at $0.11 or 0.00000178 BTC.

Algorand Coin Profile

Algorand uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,138,101,828 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. Algorand’s official message board 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 possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire 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