Algorand Reaches Self Reported Market Cap of $1.46 Billion (ALGO)

Algorand (ALGO) traded 2.7% higher against the US dollar during the 1-day period ending at 9:00 AM Eastern on April 20th. Over the last week, Algorand has traded down 6.4% against the US dollar. One Algorand coin can currently be purchased for about $0.18 or 0.00000281 BTC on major exchanges. Algorand has a market capitalization of $1.46 billion and $48.65 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded up 0.2% against the dollar and now trades at $35.25 or 0.00055132 BTC.
• Internet Computer (ICP) traded 9.4% higher against the dollar and now trades at $14.61 or 0.00022847 BTC.
• NEAR Protocol (NEAR) traded up 1.2% against the dollar and now trades at $5.69 or 0.00008901 BTC.
• Cronos (CRO) traded down 0.4% against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Cosmos (ATOM) traded 1.6% higher against the dollar and now trades at $8.35 or 0.00013056 BTC.
• Hedera (HBAR) traded down 1.8% against the dollar and now trades at $0.0816 or 0.00000128 BTC.
• Fetch.ai (FET) traded 4.2% higher against the dollar and now trades at $2.22 or 0.00003475 BTC.
• Akash Network (AKT) traded 3.7% lower against the dollar and now trades at $3.89 or 0.00006095 BTC.
• Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.68 or 0.00001064 BTC.
• Theta Fuel (TFUEL) traded up 1% against the dollar and now trades at $0.0875 or 0.00000137 BTC.

Algorand Coin Profile

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 8,130,150,607 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official website for Algorand is algorand.foundation. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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