Algorand (ALGO) Self Reported Market Cap Hits $1.00 Billion

Algorand (ALGO) traded 3.5% lower against the U.S. dollar during the 1-day period ending at 7:00 AM ET on September 1st. One Algorand coin can now be bought for approximately $0.12 or 0.00000210 BTC on major exchanges. During the last week, Algorand has traded down 14.4% against the U.S. dollar. Algorand has a market cap of $1.00 billion and $16.09 million worth of Algorand was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 3.4% lower against the dollar and now trades at $22.28 or 0.00038397 BTC.
• NEAR Protocol (NEAR) traded down 3.7% against the dollar and now trades at $3.98 or 0.00006854 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $7.33 or 0.00012632 BTC.
• Cronos (CRO) traded 1.6% lower against the dollar and now trades at $0.0797 or 0.00000137 BTC.
• Cosmos (ATOM) traded 2.7% lower against the dollar and now trades at $4.49 or 0.00007733 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.0488 or 0.00000084 BTC.
• Fetch.ai (FET) traded down 2.1% against the dollar and now trades at $1.15 or 0.00001985 BTC.
• Akash Network (AKT) traded 3.9% lower against the dollar and now trades at $2.46 or 0.00004244 BTC.
• Theta Fuel (TFUEL) traded down 3.8% against the dollar and now trades at $0.0554 or 0.00000096 BTC.
• Kava (KAVA) traded 4.4% lower against the dollar and now trades at $0.30 or 0.00000515 BTC.

About Algorand

ALGO 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 8,227,595,760 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 Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. The official message board for Algorand is forum.algorand.org.

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

ALGO/USD price chart by TradingView