Algorand (ALGO) Self Reported Market Cap Reaches $2.13 Billion

Algorand (ALGO) traded 0.5% lower against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on March 6th. Over the last seven days, Algorand has traded 4.8% higher against the dollar. One Algorand coin can now be purchased for about $0.25 or 0.00000276 BTC on major cryptocurrency exchanges. Algorand has a total market cap of $2.13 billion and approximately $114.95 million worth of Algorand was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Hedera (HBAR) traded down 2.6% against the dollar and now trades at $0.25 or 0.00000272 BTC.
• Avalanche (AVAX) traded 3.6% higher against the dollar and now trades at $21.89 or 0.00024047 BTC.
• NEAR Protocol (NEAR) traded up 8.9% against the dollar and now trades at $3.16 or 0.00003467 BTC.
• Internet Computer (ICP) traded 3% higher against the dollar and now trades at $6.39 or 0.00007022 BTC.
• Cronos (CRO) traded up 22.9% against the dollar and now trades at $0.0950 or 0.00000104 BTC.
• Cosmos (ATOM) traded 4.1% higher against the dollar and now trades at $4.41 or 0.00004840 BTC.
• Fetch.ai (FET) traded 5.4% higher against the dollar and now trades at $0.64 or 0.00000706 BTC.
• Kava (KAVA) traded up 5.5% against the dollar and now trades at $0.46 or 0.00000500 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $1.44 or 0.00001578 BTC.
• Theta Fuel (TFUEL) traded up 4% against the dollar and now trades at $0.0433 or 0.00000048 BTC.

About Algorand

Algorand (ALGO) uses the hashing algorithm. Its genesis date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,468,804,693 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 message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website 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.”

Buying and Selling Algorand

It is usually not presently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the aforementioned exchanges.

ALGO/USD price chart by TradingView