Algorand Reaches Self Reported Market Capitalization of $2.33 Billion (ALGO)

Algorand (ALGO) traded 5.5% higher against the US dollar during the 24-hour period ending at 13:00 PM Eastern on November 26th. During the last seven days, Algorand has traded up 21% against the US dollar. One Algorand coin can currently be bought for $0.28 or 0.00000303 BTC on major exchanges. Algorand has a total market cap of $2.33 billion and $383.46 million worth of Algorand was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $41.50 or 0.00044766 BTC.
• NEAR Protocol (NEAR) traded down 7.3% against the dollar and now trades at $6.07 or 0.00006547 BTC.
• Hedera (HBAR) traded up 0.7% against the dollar and now trades at $0.14 or 0.00000147 BTC.
• Internet Computer (ICP) traded down 6.7% against the dollar and now trades at $10.89 or 0.00011747 BTC.
• Cronos (CRO) traded down 7.1% against the dollar and now trades at $0.17 or 0.00000183 BTC.
• Fetch.ai (FET) traded down 6.6% against the dollar and now trades at $1.34 or 0.00001441 BTC.
• Cosmos (ATOM) traded 3.3% lower against the dollar and now trades at $7.73 or 0.00008334 BTC.
• Akash Network (AKT) traded 3.9% lower against the dollar and now trades at $3.73 or 0.00004023 BTC.
• Kava (KAVA) traded down 3.3% against the dollar and now trades at $0.50 or 0.00000539 BTC.
• Theta Fuel (TFUEL) traded 2.3% higher against the dollar and now trades at $0.0757 or 0.00000082 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 8,283,036,517 coins. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. The official message board for Algorand is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 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 Changelly, Coinbase or Gemini. 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