Algorand Achieves Market Capitalization of $2.19 Billion (ALGO)

Algorand (ALGO) traded 1.7% higher against the dollar during the 1 day period ending at 0:00 AM E.T. on March 28th. One Algorand coin can currently be bought for $0.27 or 0.00000386 BTC on popular exchanges. In the last seven days, Algorand has traded up 8.2% against the dollar. Algorand has a total market cap of $2.19 billion and approximately $71.89 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $54.23 or 0.00077057 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $17.66 or 0.00025094 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $7.08 or 0.00010055 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $12.20 or 0.00017341 BTC.
• Cronos (CRO) traded 3.7% higher against the dollar and now trades at $0.15 or 0.00000217 BTC.
• Hedera (HBAR) traded 1.7% higher against the dollar and now trades at $0.11 or 0.00000163 BTC.
• Fetch.ai (FET) traded up 4.1% against the dollar and now trades at $3.23 or 0.00004583 BTC.
• Akash Network (AKT) traded up 0.2% against the dollar and now trades at $5.32 or 0.00007512 BTC.
• Kava (KAVA) traded up 2.4% against the dollar and now trades at $1.00 or 0.00001420 BTC.
• Theta Fuel (TFUEL) traded 0.4% lower against the dollar and now trades at $0.0837 or 0.00000119 BTC.

About Algorand

ALGO uses the hashing algorithm. It was first traded on June 19th, 2019. Algorand’s total supply is 8,082,359,004 coins. 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. The official website for Algorand is algorand.foundation. Algorand’s official message board is medium.com/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 US dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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