Algorand (ALGO) Self Reported Market Cap Tops $1.08 Billion

Algorand (ALGO) traded 1% lower against the US dollar during the 1 day period ending at 0:00 AM E.T. on September 14th. In the last week, Algorand has traded 7.7% higher against the US dollar. Algorand has a market capitalization of $1.08 billion and approximately $16.24 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can currently be purchased for $0.13 or 0.00000218 BTC on major exchanges.

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

• Avalanche (AVAX) traded 0.5% higher against the dollar and now trades at $25.14 or 0.00041774 BTC.
• NEAR Protocol (NEAR) traded 0.4% lower against the dollar and now trades at $4.23 or 0.00007021 BTC.
• Internet Computer (ICP) traded 1.1% higher against the dollar and now trades at $8.73 or 0.00014512 BTC.
• Cronos (CRO) traded 0.4% lower against the dollar and now trades at $0.0827 or 0.00000137 BTC.
• Hedera (HBAR) traded 1.8% lower against the dollar and now trades at $0.0518 or 0.00000086 BTC.
• Cosmos (ATOM) traded 0.9% higher against the dollar and now trades at $4.25 or 0.00007055 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $1.39 or 0.00002316 BTC.
• Akash Network (AKT) traded 1.8% lower against the dollar and now trades at $2.51 or 0.00004174 BTC.
• Theta Fuel (TFUEL) traded down 5.3% against the dollar and now trades at $0.0615 or 0.00000102 BTC.
• Kava (KAVA) traded 1% lower against the dollar and now trades at $0.31 or 0.00000523 BTC.

About Algorand

Algorand (CRYPTO:ALGO) 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 8,249,107,685 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 currently possible to purchase alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView