Algorand Hits Self Reported Market Capitalization of $989.19 Million (ALGO)

Algorand (ALGO) traded 3.7% lower against the dollar during the one day period ending at 19:00 PM E.T. on August 3rd. One Algorand coin can currently be bought for approximately $0.12 or 0.00000199 BTC on cryptocurrency exchanges. During the last seven days, Algorand has traded 16.3% lower against the dollar. Algorand has a market capitalization of $989.19 million and $35.49 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 4.4% lower against the dollar and now trades at $22.64 or 0.00037464 BTC.
• NEAR Protocol (NEAR) traded 5.8% lower against the dollar and now trades at $4.35 or 0.00007193 BTC.
• Internet Computer (ICP) traded down 6.6% against the dollar and now trades at $7.82 or 0.00012932 BTC.
• Cronos (CRO) traded 1.8% lower against the dollar and now trades at $0.0817 or 0.00000135 BTC.
• Hedera (HBAR) traded down 2.8% against the dollar and now trades at $0.0579 or 0.00000096 BTC.
• Cosmos (ATOM) traded down 4.6% against the dollar and now trades at $5.12 or 0.00008467 BTC.
• Fetch.ai (FET) traded 6.9% lower against the dollar and now trades at $1.00 or 0.00001651 BTC.
• Akash Network (AKT) traded 6% lower against the dollar and now trades at $2.43 or 0.00004016 BTC.
• Theta Fuel (TFUEL) traded down 5.9% against the dollar and now trades at $0.0566 or 0.00000094 BTC.
• Kava (KAVA) traded 6.1% lower against the dollar and now trades at $0.33 or 0.00000551 BTC.

Algorand Profile

ALGO 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 8,226,764,928 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed 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 presently 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 Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView