Algorand Self Reported Market Cap Reaches $1.17 Billion (ALGO)

Algorand (ALGO) traded down 4.6% against the U.S. dollar during the one day period ending at 18:00 PM E.T. on July 3rd. One Algorand coin can now be purchased for $0.14 or 0.00000237 BTC on popular cryptocurrency exchanges. In the last week, Algorand has traded 0.9% higher against the U.S. dollar. Algorand has a total market cap of $1.17 billion and approximately $32.64 million worth of Algorand was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 5.9% against the dollar and now trades at $26.77 or 0.00044538 BTC.
• NEAR Protocol (NEAR) traded down 8.9% against the dollar and now trades at $5.06 or 0.00008415 BTC.
• Internet Computer (ICP) traded down 5.9% against the dollar and now trades at $7.43 or 0.00012355 BTC.
• Hedera (HBAR) traded 8.1% lower against the dollar and now trades at $0.0721 or 0.00000120 BTC.
• Cosmos (ATOM) traded 7.1% lower against the dollar and now trades at $6.34 or 0.00010541 BTC.
• Cronos (CRO) traded down 2% against the dollar and now trades at $0.0886 or 0.00000147 BTC.
• Fetch.ai (FET) traded down 7.7% against the dollar and now trades at $1.23 or 0.00002042 BTC.
• Akash Network (AKT) traded down 10.8% against the dollar and now trades at $3.35 or 0.00005592 BTC.
• Theta Fuel (TFUEL) traded down 5.7% against the dollar and now trades at $0.0725 or 0.00000121 BTC.
• Kava (KAVA) traded down 4.9% against the dollar and now trades at $0.41 or 0.00000683 BTC.

Algorand Coin Profile

Algorand 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 8,203,553,922 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.”

Algorand Coin Trading

It is usually not currently 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 Gemini, GDAX or Coinbase. 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