Algorand (ALGO) Achieves Self Reported Market Cap of $1.09 Billion

Algorand (ALGO) traded down 0.9% against the dollar during the 1-day period ending at 13:00 PM Eastern on September 20th. One Algorand coin can now be purchased for approximately $0.13 or 0.00000210 BTC on exchanges. In the last seven days, Algorand has traded up 0.5% against the dollar. Algorand has a market capitalization of $1.09 billion and $27.80 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 2.2% higher against the dollar and now trades at $27.07 or 0.00042959 BTC.
• NEAR Protocol (NEAR) traded down 3.8% against the dollar and now trades at $4.35 or 0.00006897 BTC.
• Internet Computer (ICP) traded 1.1% higher against the dollar and now trades at $8.36 or 0.00013276 BTC.
• Cronos (CRO) traded down 0.2% against the dollar and now trades at $0.0832 or 0.00000132 BTC.
• Hedera (HBAR) traded 1.5% lower against the dollar and now trades at $0.0518 or 0.00000082 BTC.
• Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $4.52 or 0.00007171 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $1.60 or 0.00002536 BTC.
• Akash Network (AKT) traded 2.8% lower against the dollar and now trades at $2.65 or 0.00004203 BTC.
• Theta Fuel (TFUEL) traded up 0.1% against the dollar and now trades at $0.0633 or 0.00000100 BTC.
• Kava (KAVA) traded 6.2% lower against the dollar and now trades at $0.38 or 0.00000596 BTC.

Algorand Profile

Algorand (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 8,256,080,866 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official website is algorand.foundation. 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.

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 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView