Algorand Self Reported Market Cap Hits $1.04 Billion (ALGO)

Algorand (ALGO) traded 1.3% higher against the US dollar during the 1-day period ending at 9:00 AM E.T. on September 9th. During the last week, Algorand has traded up 3.3% against the US dollar. One Algorand coin can now be purchased for $0.13 or 0.00000228 BTC on popular exchanges. Algorand has a total market cap of $1.04 billion and approximately $26.37 million worth of Algorand was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 4.5% higher against the dollar and now trades at $23.70 or 0.00042721 BTC.
• NEAR Protocol (NEAR) traded up 4.9% against the dollar and now trades at $3.88 or 0.00006992 BTC.
• Internet Computer (ICP) traded up 2.9% against the dollar and now trades at $7.49 or 0.00013508 BTC.
• Cronos (CRO) traded 1.8% higher against the dollar and now trades at $0.0788 or 0.00000142 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.0508 or 0.00000091 BTC.
• Cosmos (ATOM) traded 7.3% higher against the dollar and now trades at $3.97 or 0.00007148 BTC.
• Fetch.ai (FET) traded 6.9% higher against the dollar and now trades at $1.16 or 0.00002089 BTC.
• Akash Network (AKT) traded 4.4% higher against the dollar and now trades at $2.36 or 0.00004268 BTC.
• Theta Fuel (TFUEL) traded up 3.4% against the dollar and now trades at $0.0561 or 0.00000101 BTC.
• Kava (KAVA) traded 4.4% higher against the dollar and now trades at $0.30 or 0.00000532 BTC.

About Algorand

Algorand (CRYPTO:ALGO) uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,232,567,995 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. The official website for Algorand 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.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView