Algorand (ALGO) Hits Self Reported Market Cap of $1.06 Billion

Algorand (ALGO) traded down 1.8% against the dollar during the one day period ending at 17:00 PM Eastern on September 15th. One Algorand coin can now be bought for about $0.13 or 0.00000215 BTC on exchanges. Algorand has a market cap of $1.06 billion and approximately $15.68 million worth of Algorand was traded on exchanges in the last day. In the last seven days, Algorand has traded up 3% against the dollar.

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

• Avalanche (AVAX) traded down 4.3% against the dollar and now trades at $24.20 or 0.00040481 BTC.
• NEAR Protocol (NEAR) traded down 2.1% against the dollar and now trades at $4.10 or 0.00006861 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $8.39 or 0.00014029 BTC.
• Cronos (CRO) traded down 0.1% against the dollar and now trades at $0.0818 or 0.00000137 BTC.
• Hedera (HBAR) traded 1.1% lower against the dollar and now trades at $0.0509 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $4.14 or 0.00006927 BTC.
• Fetch.ai (FET) traded down 1.2% against the dollar and now trades at $1.37 or 0.00002285 BTC.
• Akash Network (AKT) traded up 1.4% against the dollar and now trades at $2.52 or 0.00004215 BTC.
• Theta Fuel (TFUEL) traded down 2.6% against the dollar and now trades at $0.0603 or 0.00000101 BTC.
• Kava (KAVA) traded down 0.8% against the dollar and now trades at $0.31 or 0.00000517 BTC.

About Algorand

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 8,249,104,733 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official message board for Algorand 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. 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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView