Algorand Reaches Self Reported Market Cap of $960.82 Million (ALGO)

Algorand (ALGO) traded down 5.5% against the dollar during the twenty-four hour period ending at 11:00 AM ET on October 31st. Algorand has a total market cap of $960.82 million and approximately $23.56 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.12 or 0.00000163 BTC on popular cryptocurrency exchanges. In the last seven days, Algorand has traded 5.2% lower against the dollar.

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

• Avalanche (AVAX) traded down 4.6% against the dollar and now trades at $25.17 or 0.00035623 BTC.
• NEAR Protocol (NEAR) traded down 5.2% against the dollar and now trades at $4.16 or 0.00005886 BTC.
• Internet Computer (ICP) traded down 4.4% against the dollar and now trades at $7.79 or 0.00011019 BTC.
• Fetch.ai (FET) traded down 1.1% against the dollar and now trades at $1.30 or 0.00001846 BTC.
• Cronos (CRO) traded 4.2% lower against the dollar and now trades at $0.0732 or 0.00000104 BTC.
• Hedera (HBAR) traded 5.2% lower against the dollar and now trades at $0.0463 or 0.00000066 BTC.
• Cosmos (ATOM) traded down 4.3% against the dollar and now trades at $4.29 or 0.00006064 BTC.
• Akash Network (AKT) traded down 4.5% against the dollar and now trades at $2.39 or 0.00003367 BTC.
• Kava (KAVA) traded 7.2% lower against the dollar and now trades at $0.33 or 0.00000468 BTC.
• Theta Fuel (TFUEL) traded 4.6% lower against the dollar and now trades at $0.0531 or 0.00000075 BTC.

Algorand Profile

Algorand (ALGO) 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 8,335,710,860 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly 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