Algorand (ALGO) Reaches Self Reported Market Capitalization of $973.01 Million

Algorand (ALGO) traded 1.7% higher against the dollar during the 24-hour period ending at 23:00 PM ET on August 17th. One Algorand coin can currently be purchased for approximately $0.12 or 0.00000198 BTC on cryptocurrency exchanges. Algorand has a total market capitalization of $973.01 million and $18.44 million worth of Algorand was traded on exchanges in the last 24 hours. During the last seven days, Algorand has traded 2.6% lower against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded up 1.6% against the dollar and now trades at $20.73 or 0.00034743 BTC.
• NEAR Protocol (NEAR) traded 0% lower against the dollar and now trades at $3.99 or 0.00006683 BTC.
• Internet Computer (ICP) traded up 3.5% against the dollar and now trades at $7.26 or 0.00012166 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.0885 or 0.00000148 BTC.
• Hedera (HBAR) traded 1.3% higher against the dollar and now trades at $0.0525 or 0.00000088 BTC.
• Cosmos (ATOM) traded 1% higher against the dollar and now trades at $4.62 or 0.00007742 BTC.
• Fetch.ai (FET) traded up 1.1% against the dollar and now trades at $0.83 or 0.00001398 BTC.
• Akash Network (AKT) traded down 0.3% against the dollar and now trades at $2.54 or 0.00004276 BTC.
• Theta Fuel (TFUEL) traded up 0.5% against the dollar and now trades at $0.0555 or 0.00000093 BTC.
• Kava (KAVA) traded up 0.6% against the dollar and now trades at $0.31 or 0.00000520 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,227,334,141 coins. Algorand’s official message board is forum.algorand.org. 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.

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 possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView