Algorand Self Reported Market Cap Hits $938.59 Million (ALGO)

Algorand (ALGO) traded 6.2% lower against the US dollar during the 1 day period ending at 13:00 PM Eastern on October 26th. One Algorand coin can currently be purchased for about $0.11 or 0.00000168 BTC on major cryptocurrency exchanges. During the last week, Algorand has traded 8% lower against the US dollar. Algorand has a market capitalization of $938.59 million and approximately $38.32 million worth of Algorand was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 3.5% against the dollar and now trades at $25.22 or 0.00037690 BTC.
• NEAR Protocol (NEAR) traded 7% lower against the dollar and now trades at $4.19 or 0.00006268 BTC.
• Internet Computer (ICP) traded down 7.5% against the dollar and now trades at $7.60 or 0.00011353 BTC.
• Cronos (CRO) traded down 2.1% against the dollar and now trades at $0.0725 or 0.00000108 BTC.
• Hedera (HBAR) traded 5.4% lower against the dollar and now trades at $0.0476 or 0.00000071 BTC.
• Cosmos (ATOM) traded down 8.9% against the dollar and now trades at $4.32 or 0.00006453 BTC.
• Fetch.ai (FET) traded 4.9% lower against the dollar and now trades at $1.22 or 0.00001822 BTC.
• Akash Network (AKT) traded down 4.5% against the dollar and now trades at $2.24 or 0.00003351 BTC.
• Theta Fuel (TFUEL) traded 5.4% lower against the dollar and now trades at $0.0542 or 0.00000081 BTC.
• Kava (KAVA) traded down 7.8% against the dollar and now trades at $0.32 or 0.00000477 BTC.

Algorand Coin Profile

Algorand (CRYPTO: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 8,328,767,032 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. 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.”

Buying and Selling Algorand

It is usually not currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView