Algorand Self Reported Market Capitalization Hits $803.41 Million (ALGO)

Algorand (ALGO) traded up 2.7% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on February 21st. One Algorand coin can now be bought for $0.0905 or 0.00000133 BTC on popular cryptocurrency exchanges. Algorand has a market capitalization of $803.41 million and $32.87 million worth of Algorand was traded on exchanges in the last day. Over the last week, Algorand has traded 6.9% lower against the US dollar.

Here is how related cryptocurrencies have performed over the last day:

• Cronos (CRO) traded up 1.4% against the dollar and now trades at $0.0784 or 0.00000115 BTC.
• Hedera (HBAR) traded 3.2% higher against the dollar and now trades at $0.10 or 0.00000147 BTC.
• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $9.33 or 0.00013676 BTC.
• NEAR Protocol (NEAR) traded up 6.5% against the dollar and now trades at $1.08 or 0.00001577 BTC.
• Internet Computer (ICP) traded up 5.8% against the dollar and now trades at $2.26 or 0.00003309 BTC.
• Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $2.35 or 0.00003448 BTC.
• Fetch.ai (FET) traded 4.4% higher against the dollar and now trades at $0.17 or 0.00000247 BTC.
• PayProtocol Paycoin (PCI) traded up 0.8% against the dollar and now trades at $0.0608 or 0.00000089 BTC.
• Theta Fuel (TFUEL) traded 2.9% higher against the dollar and now trades at $0.0146 or 0.00000021 BTC.
• Akash Network (AKT) traded 2% higher against the dollar and now trades at $0.32 or 0.00000472 BTC.

Algorand Coin Profile

ALGO uses the hashing algorithm. It launched on June 11th, 2019. Algorand’s total supply is 10,000,000,000 coins and its circulating supply is 8,880,066,234 coins. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. The official website for Algorand is algorand.foundation. 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. Telegram, Discord, Facebook, YouTube, Weibo, LinkedIn, GitHub, Reddit, MediumWhitepaper”

Algorand Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to acquire Algorand should first buy 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 buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView