Algorand (ALGO) Reaches Self Reported Market Cap of $952.26 Million

Algorand (ALGO) traded 0.2% higher against the US dollar during the 24 hour period ending at 8:00 AM E.T. on October 27th. One Algorand coin can now be purchased for about $0.11 or 0.00000170 BTC on popular cryptocurrency exchanges. Algorand has a total market cap of $952.26 million and approximately $18.81 million worth of Algorand was traded on exchanges in the last day. Over the last seven days, Algorand has traded 9% lower against the US dollar.

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

• Avalanche (AVAX) traded down 0.9% against the dollar and now trades at $25.35 or 0.00037793 BTC.
• NEAR Protocol (NEAR) traded down 1.3% against the dollar and now trades at $4.20 or 0.00006256 BTC.
• Internet Computer (ICP) traded 0.2% lower against the dollar and now trades at $7.73 or 0.00011524 BTC.
• Cronos (CRO) traded 1.3% higher against the dollar and now trades at $0.0740 or 0.00000110 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.0482 or 0.00000072 BTC.
• Cosmos (ATOM) traded down 2.1% against the dollar and now trades at $4.34 or 0.00006472 BTC.
• Fetch.ai (FET) traded 0.9% lower against the dollar and now trades at $1.23 or 0.00001833 BTC.
• Akash Network (AKT) traded 1.5% lower against the dollar and now trades at $2.25 or 0.00003348 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0548 or 0.00000082 BTC.
• Kava (KAVA) traded up 0.3% against the dollar and now trades at $0.33 or 0.00000486 BTC.

About Algorand

Algorand (CRYPTO: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 8,328,760,800 coins. 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. 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.”

Buying and Selling Algorand

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, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView