Algorand Reaches Self Reported Market Capitalization of $1.03 Billion (ALGO)

Algorand (ALGO) traded 3.4% higher against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on October 29th. One Algorand coin can now be purchased for approximately $0.12 or 0.00000170 BTC on cryptocurrency exchanges. Algorand has a total market cap of $1.03 billion and approximately $26.73 million worth of Algorand was traded on exchanges in the last day. Over the last seven days, Algorand has traded 0.3% lower against the US dollar.

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

• Avalanche (AVAX) traded 1% higher against the dollar and now trades at $26.55 or 0.00036713 BTC.
• NEAR Protocol (NEAR) traded 0.6% higher against the dollar and now trades at $4.38 or 0.00006050 BTC.
• Internet Computer (ICP) traded up 2.6% against the dollar and now trades at $8.10 or 0.00011203 BTC.
• Cronos (CRO) traded 2.4% higher against the dollar and now trades at $0.0763 or 0.00000106 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0491 or 0.00000068 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $4.49 or 0.00006214 BTC.
• Fetch.ai (FET) traded up 1.9% against the dollar and now trades at $1.32 or 0.00001822 BTC.
• Akash Network (AKT) traded up 4.7% against the dollar and now trades at $2.38 or 0.00003265 BTC.
• Theta Fuel (TFUEL) traded up 1.5% against the dollar and now trades at $0.0558 or 0.00000077 BTC.
• Kava (KAVA) traded 4.5% higher against the dollar and now trades at $0.35 or 0.00000477 BTC.

Algorand Profile

Algorand uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,331,729,941 coins. The official website for Algorand 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. 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 presently 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 GDAX, Coinbase or Gemini. 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