Algorand (ALGO) Self Reported Market Capitalization Tops $1.02 Billion

Algorand (ALGO) traded down 0.2% against the U.S. dollar during the one day period ending at 23:00 PM E.T. on October 23rd. In the last week, Algorand has traded 0.9% lower against the U.S. dollar. Algorand has a total market capitalization of $1.02 billion and approximately $21.58 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for approximately $0.12 or 0.00000182 BTC on major cryptocurrency exchanges.

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

• Avalanche (AVAX) traded down 1.2% against the dollar and now trades at $27.00 or 0.00040199 BTC.
• NEAR Protocol (NEAR) traded 1% higher against the dollar and now trades at $4.67 or 0.00006955 BTC.
• Internet Computer (ICP) traded up 4.7% against the dollar and now trades at $8.24 or 0.00012266 BTC.
• Cronos (CRO) traded 1.2% lower against the dollar and now trades at $0.0760 or 0.00000113 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.0516 or 0.00000077 BTC.
• Cosmos (ATOM) traded 2.6% lower against the dollar and now trades at $4.69 or 0.00006979 BTC.
• Fetch.ai (FET) traded up 0.6% against the dollar and now trades at $1.34 or 0.00002002 BTC.
• Akash Network (AKT) traded down 2% against the dollar and now trades at $2.46 or 0.00003696 BTC.
• Theta Fuel (TFUEL) traded down 1.5% against the dollar and now trades at $0.0590 or 0.00000088 BTC.
• Kava (KAVA) traded 2.7% lower against the dollar and now trades at $0.35 or 0.00000523 BTC.

About Algorand

Algorand (ALGO) 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 8,324,647,986 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. Algorand’s official message board 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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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