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

Algorand (ALGO) traded up 4.7% against the US dollar during the 1 day period ending at 15:00 PM ET on November 6th. Algorand has a total market cap of $1.00 billion and $45.61 million worth of Algorand was traded on exchanges in the last day. In the last seven days, Algorand has traded down 1.1% against the US dollar. One Algorand coin can now be bought for approximately $0.12 or 0.00000159 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 10.3% higher against the dollar and now trades at $26.57 or 0.00035112 BTC.
• NEAR Protocol (NEAR) traded 8.8% higher against the dollar and now trades at $4.16 or 0.00005493 BTC.
• Internet Computer (ICP) traded 4.6% higher against the dollar and now trades at $7.71 or 0.00010193 BTC.
• Fetch.ai (FET) traded 14.8% higher against the dollar and now trades at $1.43 or 0.00001886 BTC.
• Cronos (CRO) traded up 16.6% against the dollar and now trades at $0.0848 or 0.00000112 BTC.
• Hedera (HBAR) traded up 6% against the dollar and now trades at $0.0485 or 0.00000064 BTC.
• Cosmos (ATOM) traded 6.7% higher against the dollar and now trades at $4.45 or 0.00005883 BTC.
• Akash Network (AKT) traded up 5.1% against the dollar and now trades at $2.39 or 0.00003172 BTC.
• Kava (KAVA) traded 8.7% higher against the dollar and now trades at $0.34 or 0.00000449 BTC.
• Theta Fuel (TFUEL) traded up 5.7% against the dollar and now trades at $0.0542 or 0.00000072 BTC.

Algorand Profile

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 8,335,368,192 coins. 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. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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.”

Algorand Coin Trading

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