Algorand Self Reported Market Cap Achieves $953.40 Million (ALGO)

Algorand (ALGO) traded 0.4% higher against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on October 26th. Algorand has a market capitalization of $953.40 million and $25.62 million worth of Algorand was traded on exchanges in the last day. During the last seven days, Algorand has traded 7.2% lower against the U.S. dollar. One Algorand coin can now be purchased for $0.11 or 0.00000171 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 2% against the dollar and now trades at $25.39 or 0.00037885 BTC.
• NEAR Protocol (NEAR) traded 1.5% higher against the dollar and now trades at $4.23 or 0.00006317 BTC.
• Internet Computer (ICP) traded up 0.4% against the dollar and now trades at $7.72 or 0.00011528 BTC.
• Cronos (CRO) traded 1.4% higher against the dollar and now trades at $0.0728 or 0.00000109 BTC.
• Hedera (HBAR) traded 1.1% higher against the dollar and now trades at $0.0481 or 0.00000072 BTC.
• Cosmos (ATOM) traded 0.6% lower against the dollar and now trades at $4.37 or 0.00006521 BTC.
• Fetch.ai (FET) traded up 2.4% against the dollar and now trades at $1.24 or 0.00001843 BTC.
• Akash Network (AKT) traded down 0.1% against the dollar and now trades at $2.28 or 0.00003398 BTC.
• Theta Fuel (TFUEL) traded 0.3% higher against the dollar and now trades at $0.0548 or 0.00000082 BTC.
• Kava (KAVA) traded 0.2% lower against the dollar and now trades at $0.32 or 0.00000481 BTC.

About Algorand

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 8,328,765,064 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is algorand.foundation. 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.

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 possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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