Algorand (ALGO) Reaches Self Reported Market Cap of $1.05 Billion

Posted by on Jun 1st, 2026

Algorand (ALGO) traded 10% lower against the US dollar during the one day period ending at 10:00 AM ET on June 1st. Algorand has a total market capitalization of $1.05 billion and approximately $62.91 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded 3.4% higher against the US dollar. One Algorand coin can now be purchased for approximately $0.12 or 0.00000165 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Cronos (CRO) traded down 3% against the dollar and now trades at $0.0659 or 0.00000092 BTC.
  • Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0938 or 0.00000131 BTC.
  • Avalanche (AVAX) traded 2.3% lower against the dollar and now trades at $8.82 or 0.00012280 BTC.
  • NEAR Protocol (NEAR) traded up 2.6% against the dollar and now trades at $2.38 or 0.00003321 BTC.
  • Internet Computer (ICP) traded 0% lower against the dollar and now trades at $2.75 or 0.00003824 BTC.
  • Cosmos (ATOM) traded down 3.2% against the dollar and now trades at $1.92 or 0.00002681 BTC.
  • Fetch.ai (FET) traded down 1.6% against the dollar and now trades at $0.27 or 0.00000371 BTC.
  • Akash Network (AKT) traded 2.6% lower against the dollar and now trades at $0.75 or 0.00001043 BTC.
  • PayProtocol Paycoin (PCI) traded 1.7% lower against the dollar and now trades at $0.0457 or 0.00000064 BTC.
  • Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0103 or 0.00000014 BTC.

Algorand Coin Profile

Algorand (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 8,922,254,681 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand 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 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 Changelly, Gemini or GDAX. 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

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