Algorand Hits Self Reported Market Capitalization of $1.41 Billion (ALGO)

Algorand (ALGO) traded down 7.8% against the dollar during the 24 hour period ending at 14:00 PM ET on April 30th. Algorand has a total market capitalization of $1.41 billion and $79.00 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for approximately $0.17 or 0.00000287 BTC on popular exchanges. Over the last week, Algorand has traded 10.1% lower against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded down 7.4% against the dollar and now trades at $32.43 or 0.00053805 BTC.
• NEAR Protocol (NEAR) traded down 12% against the dollar and now trades at $5.99 or 0.00009937 BTC.
• Internet Computer (ICP) traded 4.8% lower against the dollar and now trades at $12.87 or 0.00021346 BTC.
• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.13 or 0.00000215 BTC.
• Hedera (HBAR) traded down 10.4% against the dollar and now trades at $0.0922 or 0.00000153 BTC.
• Cosmos (ATOM) traded 4% lower against the dollar and now trades at $7.82 or 0.00012967 BTC.
• Fetch.ai (FET) traded 8.6% lower against the dollar and now trades at $1.94 or 0.00003224 BTC.
• Akash Network (AKT) traded down 8.7% against the dollar and now trades at $3.93 or 0.00006508 BTC.
• Kava (KAVA) traded 7.2% lower against the dollar and now trades at $0.63 or 0.00001050 BTC.
• Theta Fuel (TFUEL) traded 6.8% lower against the dollar and now trades at $0.0990 or 0.00000164 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,141,312,811 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. The official message board for Algorand 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 US dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView