Algorand Hits Self Reported Market Capitalization of $1.61 Billion (ALGO)

Algorand (ALGO) traded 1.2% lower against the dollar during the 24 hour period ending at 17:00 PM Eastern on April 27th. Over the last seven days, Algorand has traded 3.5% higher against the dollar. One Algorand coin can now be bought for $0.20 or 0.00000312 BTC on major exchanges. Algorand has a total market capitalization of $1.61 billion and approximately $92.04 million worth of Algorand was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 1.8% against the dollar and now trades at $34.29 or 0.00054193 BTC.
• NEAR Protocol (NEAR) traded 3.8% higher against the dollar and now trades at $7.26 or 0.00011477 BTC.
• Internet Computer (ICP) traded 0.5% lower against the dollar and now trades at $13.15 or 0.00020788 BTC.
• Hedera (HBAR) traded down 4.7% against the dollar and now trades at $0.11 or 0.00000169 BTC.
• Cronos (CRO) traded up 2% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded 0% higher against the dollar and now trades at $8.38 or 0.00013240 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $2.17 or 0.00003425 BTC.
• Akash Network (AKT) traded down 1% against the dollar and now trades at $4.56 or 0.00007215 BTC.
• Kava (KAVA) traded down 2.9% against the dollar and now trades at $0.69 or 0.00001096 BTC.
• Theta Fuel (TFUEL) traded down 7.4% against the dollar and now trades at $0.11 or 0.00000173 BTC.

Algorand Profile

Algorand (CRYPTO: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 8,138,275,507 coins. The official message board for Algorand is forum.algorand.org. Algorand’s official website is algorand.foundation. 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.

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.”

Algorand Coin Trading

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

ALGO/USD price chart by TradingView