Algorand (ALGO) Hits Self Reported Market Capitalization of $1.58 Billion

Algorand (ALGO) traded 7.1% higher against the dollar during the 1 day period ending at 7:00 AM ET on May 4th. Algorand has a total market cap of $1.58 billion and approximately $50.55 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be bought for $0.19 or 0.00000302 BTC on popular cryptocurrency exchanges. In the last week, Algorand has traded 0.5% higher against the dollar.

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

  • Avalanche (AVAX) traded up 8.3% against the dollar and now trades at $36.28 or 0.00056434 BTC.
  • NEAR Protocol (NEAR) traded 13.5% higher against the dollar and now trades at $6.96 or 0.00010824 BTC.
  • Internet Computer (ICP) traded 2.8% higher against the dollar and now trades at $13.44 or 0.00020902 BTC.
  • Hedera (HBAR) traded up 6.7% against the dollar and now trades at $0.11 or 0.00000172 BTC.
  • Cronos (CRO) traded up 5.7% against the dollar and now trades at $0.13 or 0.00000210 BTC.
  • Cosmos (ATOM) traded 1% higher against the dollar and now trades at $8.79 or 0.00013669 BTC.
  • Fetch.ai (FET) traded 13.5% higher against the dollar and now trades at $2.23 or 0.00003472 BTC.
  • Akash Network (AKT) traded up 8% against the dollar and now trades at $4.34 or 0.00006839 BTC.
  • Kava (KAVA) traded up 4.4% against the dollar and now trades at $0.69 or 0.00001072 BTC.
  • Theta Fuel (TFUEL) traded 10.1% higher against the dollar and now trades at $0.11 or 0.00000169 BTC.

Algorand Coin Profile

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 8,145,289,614 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 website is algorand.foundation. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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.”

Buying and Selling Algorand

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

Receive News & Updates for Algorand Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Algorand and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.