Algorand (ALGO) Self Reported Market Capitalization Achieves $1.05 Billion

Algorand (ALGO) traded 1.7% lower against the U.S. dollar during the 1 day period ending at 9:00 AM Eastern on December 15th. One Algorand coin can now be bought for approximately $0.12 or 0.00000134 BTC on major cryptocurrency exchanges. Over the last seven days, Algorand has traded 11.6% lower against the U.S. dollar. Algorand has a total market capitalization of $1.05 billion and approximately $35.88 million worth of Algorand was traded on exchanges in the last day.

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

• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0968 or 0.00000108 BTC.
• Avalanche (AVAX) traded 0.6% higher against the dollar and now trades at $13.11 or 0.00014675 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.12 or 0.00000133 BTC.
• NEAR Protocol (NEAR) traded down 0.7% against the dollar and now trades at $1.61 or 0.00001802 BTC.
• Internet Computer (ICP) traded 1.2% lower against the dollar and now trades at $3.17 or 0.00003545 BTC.
• Cosmos (ATOM) traded down 0.3% against the dollar and now trades at $2.13 or 0.00002385 BTC.
• Fetch.ai (FET) traded 1.1% lower against the dollar and now trades at $0.24 or 0.00000265 BTC.
• Theta Fuel (TFUEL) traded down 2.3% against the dollar and now trades at $0.0204 or 0.00000023 BTC.
• PayProtocol Paycoin (PCI) traded 2.2% lower against the dollar and now trades at $0.0686 or 0.00000076 BTC.
• Akash Network (AKT) traded down 2.8% against the dollar and now trades at $0.43 or 0.00000480 BTC.

Algorand Coin Profile

Algorand (CRYPTO:ALGO) 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 8,830,083,108 coins. Algorand’s official website is algorand.foundation. The Reddit community for Algorand is https://reddit.com/r/algorandofficial and the currency’s Github account can be viewed here. Algorand’s official message board is forum.algorand.org. Algorand’s official Twitter account is @algofoundation and its Facebook page is accessible 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 US dollars. Investors seeking to acquire Algorand should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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