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

Algorand (ALGO) traded 1.7% lower against the dollar during the one day period ending at 17:00 PM Eastern on April 17th. One Algorand coin can now be bought for about $0.17 or 0.00000281 BTC on popular cryptocurrency exchanges. Algorand has a market capitalization of $1.41 billion and $67.10 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded down 23.8% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded 1.4% lower against the dollar and now trades at $34.47 or 0.00056039 BTC.
• NEAR Protocol (NEAR) traded 1.9% higher against the dollar and now trades at $5.52 or 0.00008982 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $12.12 or 0.00019710 BTC.
• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Cosmos (ATOM) traded down 0.2% against the dollar and now trades at $8.18 or 0.00013304 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0794 or 0.00000129 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $2.02 or 0.00003283 BTC.
• Akash Network (AKT) traded 6.8% lower against the dollar and now trades at $3.74 or 0.00006154 BTC.
• Kava (KAVA) traded 0% higher against the dollar and now trades at $0.65 or 0.00001062 BTC.
• Theta Fuel (TFUEL) traded down 4.7% against the dollar and now trades at $0.0821 or 0.00000133 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,130,173,667 coins. 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 website for Algorand is algorand.foundation. 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 buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView