Algorand Self Reported Market Capitalization Reaches $1.15 Billion (ALGO)

Algorand (ALGO) traded 4.7% lower against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on January 8th. Algorand has a market cap of $1.15 billion and $53.33 million worth of Algorand was traded on exchanges in the last day. One Algorand coin can now be bought for about $0.13 or 0.00000145 BTC on cryptocurrency exchanges. Over the last week, Algorand has traded 14% higher against the U.S. dollar.

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

• Cronos (CRO) traded down 5.7% against the dollar and now trades at $0.0995 or 0.00000111 BTC.
• Avalanche (AVAX) traded 3.7% lower against the dollar and now trades at $13.67 or 0.00015245 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.12 or 0.00000132 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $1.67 or 0.00001857 BTC.
• Internet Computer (ICP) traded down 4.6% against the dollar and now trades at $3.09 or 0.00003447 BTC.
• Cosmos (ATOM) traded 2% higher against the dollar and now trades at $2.47 or 0.00002754 BTC.
• Fetch.ai (FET) traded 5.2% lower against the dollar and now trades at $0.27 or 0.00000299 BTC.
• Theta Fuel (TFUEL) traded 1.5% higher against the dollar and now trades at $0.0196 or 0.00000022 BTC.
• PayProtocol Paycoin (PCI) traded 0.9% lower against the dollar and now trades at $0.0691 or 0.00000077 BTC.
• Akash Network (AKT) traded 7.8% lower against the dollar and now trades at $0.40 or 0.00000449 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 8,839,673,559 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. 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.

According to CryptoCompare, “The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.”

Buying and Selling Algorand

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

ALGO/USD price chart by TradingView