Algorand (ALGO) Self Reported Market Capitalization Tops $1.03 Billion

Algorand (ALGO) traded 2.3% lower against the dollar during the 24-hour period ending at 9:00 AM E.T. on January 20th. Algorand has a market capitalization of $1.03 billion and approximately $33.38 million worth of Algorand was traded on exchanges in the last 24 hours. Over the last week, Algorand has traded 12.8% lower against the dollar. One Algorand coin can currently be purchased for $0.12 or 0.00000128 BTC on popular cryptocurrency exchanges.

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

• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0937 or 0.00000103 BTC.
• Avalanche (AVAX) traded down 3% against the dollar and now trades at $12.34 or 0.00013578 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000117 BTC.
• Internet Computer (ICP) traded down 8.5% against the dollar and now trades at $3.62 or 0.00003987 BTC.
• NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $1.53 or 0.00001688 BTC.
• Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $2.35 or 0.00002588 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $0.24 or 0.00000259 BTC.
• Theta Fuel (TFUEL) traded down 2.7% against the dollar and now trades at $0.0183 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded 0.9% higher against the dollar and now trades at $0.0679 or 0.00000075 BTC.
• Akash Network (AKT) traded down 3.5% against the dollar and now trades at $0.42 or 0.00000461 BTC.

Algorand Profile

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 8,856,992,972 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. 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. Algorand’s official website 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using US dollars. Investors seeking to acquire Algorand should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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