Algorand (ALGO) Reaches Self Reported Market Cap of $956.58 Million

Algorand (ALGO) traded down 0.6% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on October 28th. Algorand has a total market capitalization of $956.58 million and approximately $22.42 million worth of Algorand was traded on exchanges in the last 24 hours. In the last seven days, Algorand has traded down 8.8% against the U.S. dollar. One Algorand coin can currently be bought for about $0.11 or 0.00000166 BTC on cryptocurrency exchanges.

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

• Avalanche (AVAX) traded 0% higher against the dollar and now trades at $25.61 or 0.00037062 BTC.
• NEAR Protocol (NEAR) traded 2.6% lower against the dollar and now trades at $4.17 or 0.00006033 BTC.
• Internet Computer (ICP) traded 1.5% lower against the dollar and now trades at $7.67 or 0.00011106 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0732 or 0.00000106 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0476 or 0.00000069 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $4.33 or 0.00006270 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $1.21 or 0.00001752 BTC.
• Akash Network (AKT) traded 3.4% lower against the dollar and now trades at $2.21 or 0.00003195 BTC.
• Theta Fuel (TFUEL) traded down 2.1% against the dollar and now trades at $0.0535 or 0.00000077 BTC.
• Kava (KAVA) traded down 3.4% against the dollar and now trades at $0.32 or 0.00000457 BTC.

Algorand Profile

Algorand uses the hashing algorithm. It was first traded on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,328,746,455 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.”

Algorand Coin Trading

It is usually not presently 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 Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView