Algorand (ALGO) Hits Self Reported Market Cap of $2.43 Billion

Algorand (ALGO) traded up 4.6% against the US dollar during the 1-day period ending at 14:00 PM ET on February 10th. One Algorand coin can currently be bought for $0.29 or 0.00000297 BTC on major exchanges. Algorand has a total market capitalization of $2.43 billion and $158.36 million worth of Algorand was traded on exchanges in the last day. Over the last seven days, Algorand has traded down 4.9% against the US dollar.

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

• Avalanche (AVAX) traded up 2.3% against the dollar and now trades at $25.48 or 0.00026174 BTC.
• Hedera (HBAR) traded up 1.4% against the dollar and now trades at $0.24 or 0.00000242 BTC.
• NEAR Protocol (NEAR) traded up 0.3% against the dollar and now trades at $3.25 or 0.00003334 BTC.
• Internet Computer (ICP) traded up 0.6% against the dollar and now trades at $7.03 or 0.00007226 BTC.
• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.0933 or 0.00000096 BTC.
• Fetch.ai (FET) traded 3.4% higher against the dollar and now trades at $0.79 or 0.00000807 BTC.
• Cosmos (ATOM) traded 4.3% higher against the dollar and now trades at $4.79 or 0.00004918 BTC.
• Akash Network (AKT) traded 1.3% higher against the dollar and now trades at $1.95 or 0.00002005 BTC.
• Kava (KAVA) traded up 2.9% against the dollar and now trades at $0.47 or 0.00000486 BTC.
• Theta Fuel (TFUEL) traded up 18.8% against the dollar and now trades at $0.0550 or 0.00000057 BTC.

About Algorand

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 8,425,615,870 coins. The official website for Algorand is algorand.foundation. 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 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.”

Algorand Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to trade Algorand should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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