Algorand Reaches Self Reported Market Cap of $3.38 Billion (ALGO)

Algorand (ALGO) traded down 1.6% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on January 5th. One Algorand coin can currently be bought for approximately $0.40 or 0.00000414 BTC on major exchanges. Over the last seven days, Algorand has traded up 23.9% against the U.S. dollar. Algorand has a total market capitalization of $3.38 billion and $202.02 million worth of Algorand was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $41.79 or 0.00042804 BTC.
• Hedera (HBAR) traded down 3% against the dollar and now trades at $0.30 or 0.00000305 BTC.
• NEAR Protocol (NEAR) traded down 1.2% against the dollar and now trades at $5.73 or 0.00005874 BTC.
• Internet Computer (ICP) traded down 2.7% against the dollar and now trades at $11.98 or 0.00012267 BTC.
• Cronos (CRO) traded 2.9% lower against the dollar and now trades at $0.16 or 0.00000162 BTC.
• Fetch.ai (FET) traded 0.6% higher against the dollar and now trades at $1.50 or 0.00001533 BTC.
• Cosmos (ATOM) traded down 1.4% against the dollar and now trades at $7.22 or 0.00007394 BTC.
• Akash Network (AKT) traded down 3.8% against the dollar and now trades at $3.37 or 0.00003444 BTC.
• Kava (KAVA) traded down 0.6% against the dollar and now trades at $0.55 or 0.00000558 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0678 or 0.00000069 BTC.

Algorand Profile

Algorand 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 8,352,677,796 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. The official website for Algorand is algorand.foundation. 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 purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView