The 24-hour change of the crypto Algorand was followed by positive news. The token gained 4% moving upwards on the crypto chart from $1.93 to $2.01. The coin’s Market Cap is $12,209,934,742 which brings it on the #15 rank on Market Cap among other coins. Furthermore, the Trading Volume equals $1,112,474,953 with the Fully Diluted Valuation $20,008,612,583. Moreover, Circulating Supply is 6,102,339,525 when the Total Supply is making up 10,000,000,000.
Despite the coin is smaller than its opponent Cordana but Algorand could be an also-ran. Only for the two years since its opening ALGO has attracted serious capital. Crypto funds have invested over $500 million to fund projects using its blockchain. Along with this, well-known investment firms are adding it to their crypto portfolios. The bright example Anthony Scaramucci’s Skybridge Capital hedge fund has so far bought $700 million worth of Algorand tokens.