Algorand (ALGO) Reaches Self Reported Market Cap of $1.12 Billion

Algorand (ALGO) traded 3.7% higher against the US dollar during the 1 day period ending at 11:00 AM E.T. on August 22nd. Algorand has a market capitalization of $1.12 billion and approximately $30.53 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be purchased for $0.14 or 0.00000225 BTC on popular cryptocurrency exchanges. Over the last seven days, Algorand has traded up 12.9% against the US dollar.

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

• Avalanche (AVAX) traded 9.1% higher against the dollar and now trades at $24.91 or 0.00041020 BTC.
• NEAR Protocol (NEAR) traded 6.9% higher against the dollar and now trades at $4.36 or 0.00007185 BTC.
• Internet Computer (ICP) traded up 8.2% against the dollar and now trades at $8.11 or 0.00013356 BTC.
• Cronos (CRO) traded up 2.6% against the dollar and now trades at $0.0879 or 0.00000145 BTC.
• Hedera (HBAR) traded up 4.4% against the dollar and now trades at $0.0553 or 0.00000091 BTC.
• Cosmos (ATOM) traded 1.4% higher against the dollar and now trades at $4.76 or 0.00007835 BTC.
• Fetch.ai (FET) traded up 11.4% against the dollar and now trades at $0.99 or 0.00001637 BTC.
• Akash Network (AKT) traded up 1.8% against the dollar and now trades at $2.47 or 0.00004077 BTC.
• Theta Fuel (TFUEL) traded up 6.5% against the dollar and now trades at $0.0602 or 0.00000099 BTC.
• Kava (KAVA) traded up 3.6% against the dollar and now trades at $0.35 or 0.00000574 BTC.

About Algorand

Algorand (CRYPTO: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 8,227,310,537 coins. The official message board for Algorand 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. 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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