Algorand (ALGO) Self Reported Market Cap Hits $954.71 Million

Algorand (ALGO) traded 4.2% higher against the dollar during the one day period ending at 9:00 AM ET on August 7th. During the last seven days, Algorand has traded 17.8% lower against the dollar. Algorand has a total market capitalization of $954.71 million and approximately $37.69 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can currently be purchased for $0.12 or 0.00000202 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 3.4% against the dollar and now trades at $21.10 or 0.00036768 BTC.
• NEAR Protocol (NEAR) traded up 5.9% against the dollar and now trades at $3.78 or 0.00006592 BTC.
• Internet Computer (ICP) traded 3.6% higher against the dollar and now trades at $7.56 or 0.00013179 BTC.
• Cronos (CRO) traded up 2.9% against the dollar and now trades at $0.0809 or 0.00000141 BTC.
• Hedera (HBAR) traded 3.1% higher against the dollar and now trades at $0.0561 or 0.00000098 BTC.
• Cosmos (ATOM) traded up 4.1% against the dollar and now trades at $4.99 or 0.00008691 BTC.
• Fetch.ai (FET) traded up 7.8% against the dollar and now trades at $0.90 or 0.00001572 BTC.
• Akash Network (AKT) traded up 1.3% against the dollar and now trades at $2.45 or 0.00004289 BTC.
• Theta Fuel (TFUEL) traded up 7.8% against the dollar and now trades at $0.0564 or 0.00000098 BTC.
• Kava (KAVA) traded 4.5% higher against the dollar and now trades at $0.31 or 0.00000536 BTC.

Algorand Profile

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 8,226,746,192 coins. Algorand’s official website is algorand.foundation. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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