Algorand Self Reported Market Capitalization Tops $1.66 Billion (ALGO)

Algorand (ALGO) traded up 1% against the US dollar during the 24-hour period ending at 7:00 AM ET on April 26th. One Algorand coin can currently be bought for $0.20 or 0.00000317 BTC on cryptocurrency exchanges. Over the last week, Algorand has traded up 17.5% against the US dollar. Algorand has a market capitalization of $1.66 billion and $172.58 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 1.1% higher against the dollar and now trades at $35.32 or 0.00054903 BTC.
• NEAR Protocol (NEAR) traded up 9.3% against the dollar and now trades at $7.25 or 0.00011265 BTC.
• Internet Computer (ICP) traded down 0.1% against the dollar and now trades at $13.44 or 0.00020884 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cronos (CRO) traded 5.2% higher against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $8.21 or 0.00012764 BTC.
• Fetch.ai (FET) traded up 0.8% against the dollar and now trades at $2.24 or 0.00003476 BTC.
• Akash Network (AKT) traded down 3% against the dollar and now trades at $4.68 or 0.00007255 BTC.
• Theta Fuel (TFUEL) traded up 3.5% against the dollar and now trades at $0.12 or 0.00000185 BTC.
• Kava (KAVA) traded down 0.7% against the dollar and now trades at $0.70 or 0.00001090 BTC.

Algorand Coin Profile

Algorand 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 8,138,286,297 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website 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.”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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