Algorand Reaches Self Reported Market Cap of $3.66 Billion (ALGO)

Algorand (ALGO) traded down 1.2% against the U.S. dollar during the one day period ending at 13:00 PM Eastern on December 12th. During the last seven days, Algorand has traded 8.2% lower against the U.S. dollar. Algorand has a total market capitalization of $3.66 billion and $539.67 million worth of Algorand was traded on exchanges in the last 24 hours. One Algorand coin can now be purchased for approximately $0.44 or 0.00000433 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 14.6% higher against the dollar and now trades at $54.36 or 0.00053502 BTC.
• Hedera (HBAR) traded up 0.6% against the dollar and now trades at $0.30 or 0.00000292 BTC.
• NEAR Protocol (NEAR) traded 6.5% higher against the dollar and now trades at $7.24 or 0.00007127 BTC.
• Internet Computer (ICP) traded up 9.7% against the dollar and now trades at $13.94 or 0.00013720 BTC.
• Cronos (CRO) traded up 6.5% against the dollar and now trades at $0.19 or 0.00000189 BTC.
• Fetch.ai (FET) traded 3% higher against the dollar and now trades at $1.86 or 0.00001828 BTC.
• Cosmos (ATOM) traded 7% higher against the dollar and now trades at $9.11 or 0.00008970 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $4.07 or 0.00004014 BTC.
• Kava (KAVA) traded 4.4% higher against the dollar and now trades at $0.60 or 0.00000592 BTC.
• Theta Fuel (TFUEL) traded up 3.2% against the dollar and now trades at $0.0829 or 0.00000082 BTC.

Algorand Profile

Algorand uses the hashing algorithm. Its launch date was June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,315,520,199 coins. The official message board for Algorand is forum.algorand.org. 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. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView