Algorand Self Reported Market Capitalization Tops $970.13 Million (ALGO)

Algorand (ALGO) traded 2.5% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on December 23rd. Algorand has a total market capitalization of $970.13 million and approximately $33.52 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be purchased for about $0.11 or 0.00000125 BTC on popular exchanges. During the last week, Algorand has traded down 5.4% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded down 2.2% against the dollar and now trades at $0.0947 or 0.00000108 BTC.
• Avalanche (AVAX) traded down 2.8% against the dollar and now trades at $12.04 or 0.00013745 BTC.
• Hedera (HBAR) traded 3.2% lower against the dollar and now trades at $0.11 or 0.00000126 BTC.
• NEAR Protocol (NEAR) traded down 6.2% against the dollar and now trades at $1.48 or 0.00001691 BTC.
• Internet Computer (ICP) traded down 2.6% against the dollar and now trades at $2.97 or 0.00003392 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $1.95 or 0.00002226 BTC.
• Fetch.ai (FET) traded down 3.3% against the dollar and now trades at $0.21 or 0.00000234 BTC.
• PayProtocol Paycoin (PCI) traded down 0.4% against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded down 1% against the dollar and now trades at $0.0176 or 0.00000020 BTC.
• Akash Network (AKT) traded 2.2% lower against the dollar and now trades at $0.37 or 0.00000424 BTC.

About Algorand

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 8,834,786,576 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Algorand Coin Trading

It is usually not 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