Algorand Self Reported Market Cap Tops $1.15 Billion (ALGO)

Algorand (ALGO) traded 1.9% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on July 24th. Algorand has a market cap of $1.15 billion and $28.37 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.14 or 0.00000213 BTC on cryptocurrency exchanges. Over the last week, Algorand has traded 10.8% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $28.54 or 0.00043558 BTC.
• NEAR Protocol (NEAR) traded 0.2% lower against the dollar and now trades at $5.67 or 0.00008657 BTC.
• Internet Computer (ICP) traded up 0.9% against the dollar and now trades at $9.72 or 0.00014833 BTC.
• Cronos (CRO) traded 0.8% lower against the dollar and now trades at $0.0920 or 0.00000140 BTC.
• Hedera (HBAR) traded down 1.5% against the dollar and now trades at $0.0669 or 0.00000102 BTC.
• Cosmos (ATOM) traded 2% lower against the dollar and now trades at $6.04 or 0.00009217 BTC.
• Fetch.ai (FET) traded 5% lower against the dollar and now trades at $1.22 or 0.00001858 BTC.
• Akash Network (AKT) traded 3.7% lower against the dollar and now trades at $3.20 or 0.00004896 BTC.
• Theta Fuel (TFUEL) traded 1.1% lower against the dollar and now trades at $0.0681 or 0.00000104 BTC.
• Kava (KAVA) traded 1.4% lower against the dollar and now trades at $0.40 or 0.00000612 BTC.

About Algorand

Algorand 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 8,226,813,697 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 website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand is forum.algorand.org.

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView