Algorand Hits Self Reported Market Capitalization of $1.56 Billion (ALGO)

Algorand (ALGO) traded 1.3% lower against the dollar during the 1 day period ending at 15:00 PM E.T. on April 23rd. In the last week, Algorand has traded 11.2% higher against the dollar. Algorand has a total market cap of $1.56 billion and approximately $50.40 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for $0.19 or 0.00000288 BTC on popular cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 0.7% lower against the dollar and now trades at $38.80 or 0.00058151 BTC.
• NEAR Protocol (NEAR) traded down 2.3% against the dollar and now trades at $7.03 or 0.00010532 BTC.
• Internet Computer (ICP) traded 2.8% lower against the dollar and now trades at $14.61 or 0.00021894 BTC.
• Hedera (HBAR) traded 34.8% higher against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Cronos (CRO) traded 0.2% lower against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Cosmos (ATOM) traded 2.1% lower against the dollar and now trades at $8.70 or 0.00013045 BTC.
• Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $2.46 or 0.00003690 BTC.
• Akash Network (AKT) traded 23.1% higher against the dollar and now trades at $4.97 or 0.00007436 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.76 or 0.00001134 BTC.
• Theta Fuel (TFUEL) traded up 2.8% against the dollar and now trades at $0.11 or 0.00000166 BTC.

Algorand Coin Profile

Algorand (ALGO) 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 8,133,113,651 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 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.

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 acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView