Algorand Self Reported Market Capitalization Achieves $995.17 Million (ALGO)

Algorand (ALGO) traded down 2.4% against the US dollar during the twenty-four hour period ending at 9:00 AM ET on December 31st. During the last seven days, Algorand has traded 1.3% higher against the US dollar. One Algorand coin can currently be purchased for $0.11 or 0.00000127 BTC on popular cryptocurrency exchanges. Algorand has a total market capitalization of $995.17 million and approximately $30.11 million worth of Algorand was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded 0.8% higher against the dollar and now trades at $0.0935 or 0.00000105 BTC.
• Avalanche (AVAX) traded 0.8% higher against the dollar and now trades at $12.59 or 0.00014165 BTC.
• Hedera (HBAR) traded down 1.6% against the dollar and now trades at $0.11 or 0.00000124 BTC.
• NEAR Protocol (NEAR) traded 0.8% lower against the dollar and now trades at $1.52 or 0.00001708 BTC.
• Internet Computer (ICP) traded 3.4% lower against the dollar and now trades at $2.80 or 0.00003154 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $1.96 or 0.00002210 BTC.
• Fetch.ai (FET) traded 0.4% lower against the dollar and now trades at $0.21 or 0.00000233 BTC.
• PayProtocol Paycoin (PCI) traded down 0.2% against the dollar and now trades at $0.0683 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded down 0.1% against the dollar and now trades at $0.0177 or 0.00000020 BTC.
• Akash Network (AKT) traded down 2.1% against the dollar and now trades at $0.37 or 0.00000415 BTC.

Algorand Profile

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 8,836,729,268 coins. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible here. Algorand’s official website is algorand.foundation. Algorand’s official message board 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 currently possible to buy alternative cryptocurrencies such as Algorand directly using U.S. dollars. Investors seeking to trade Algorand should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Algorand using one of the exchanges listed above.

ALGO/USD price chart by TradingView