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Rank #67

Algorand Price

ALGO

$0.1741

1.79%

฿0.00000272

0%

Algorand Price Chart (ALGO)

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Market Stats

Market Cap
$1,415,655,451.209
Fully Diluted Valuation
$1,420,067,457
Circulating Supply
8,130,180,973
Total Supply
8,130,181,069
Volume 24h
$75,620,805.574
Price Change (1h)
0.73%
Price Change (24h)
1.79%
Price Change (7d)
24.42%
All Time High

Jun 20, 2019

$3.56
95.11%
All Time Low

Sep 11, 2023

$0.09
98.96%
Algorand Price Update

Algorand price is $0.1741, up 1.79% in the last 24 hours, and the live market cap is $1,415,655,451.21. It has circulating supply of 8,130,180,973 ALGO coins and a max supply of 8,130,181,069 ALGO alongside $75,620,805.574 24h trading volume.

Notes

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About Algorand


What Is Algorand


Algorand is a project that aims to accelerate transaction speeds and reduce the time it takes transactions to be final on its network. It was originally launched in 2019 with the intention to achieve these goals through decisions that are slightly different from traditionally designed blockchains.


Algorand enables users to create smart contracts as well as tokens that can represent new alongside existing assets. 


The unique part about it is the fact that it features a two-tier blockchain structure, where the base layer supports smart contracts, atomic swaps between assets, and asset creation, while the second layer is reserved for complex dApp development. This is why Algorand processes transactions so efficiently.

Algorand uses a variation of Proof of Stake known as Pure Proof of Stake (PPoS), which is a highly democratized PoS consensus mechanism that has a low minimum staking requirement when it comes to participation and security of the network.


Algorand Founders


Algorand was created by Silvio Micali, who is a computer scientist as well as a professor at the Massachusetts Institute of Technology (MIT). It is important to note that he is the recipient of the 2012 Turing Award. Algorand is a company that lives up to Micali's vision.


How Does ALGO Work


ALGO is the native cryptocurrency that runs on ALGORAND and fills the role of the reward, which is paid out to validators that produce blocks as well as the users. The reward is actually split and distributed across all ALGO coin holders and isn't just awarded to the block producers. 


This, in turn, essentially means that each and every ALGO coin holder can earn an annual percentage yield (APY). This means that not only the producers accept the coin, but the holders as well.


The distribution of the reward takes place every 10 minutes and encourages users to join the Algorand staking platform and accelerate decentralization. It is fully decentralized, and through its pure proof of stake algorithm is efficient, and every new block is created efficiently, so ALGO goes at a good price, and the company behind it constantly develops the blockchain further for scalability while it remains decentralized. 


What Is Algorand Used For


Algorand is a blockchain that is designed to enable and accept developers to create new kinds of applications that are powered by cryptocurrency. The platform is used in microfinance, copyright, and a lot more. Furthermore, the code for Algorand is fully open-source and can be cloned, copied, and used in private or permission blockchains. The ALGO token powers all of this and provides rewards to the holders; this is why it has built up quite the market cap.


Where Can You Buy Algorand


If you want to buy, sell or trade Algorand (ALGO), you can do so on exchanges such as Binance Futures, Binance, Coinbase Pro, OKEX, BitZ, HuobiGlobal, and Hotbit. Keep in mind that due to the fact that it's an entire blockchain, the native token ALGO has a large market cap.


Our step-by-step guide on how to buy Algorand will help you get started!


Algorand has an available supply of 3,107,844,065 and a total supply of 10,000,000,000 coins. The Algorand blockchain allows for efficient transfers.


Read More

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Algorand Markets

See More
#ExchangePairVolume (24H)Volume (%)PriceLast Updated
1
Binance FuturesBinance Futures

ALGO/USDT

$68,419,342.72190.48%$0.1739

Recently

2
BinanceBinance

ALGO/USDT

$11,601,189.51715.34%$0.1741

Recently

3
BiboxBibox

ALGO/USDT

$10,798,270.21314.28%$0.1744

1m ago

4
BybitBybit

ALGO/USDT

$9,408,496.85312.44%$0.1741

Recently

5
WhitebitWhitebit

ALGO/USDT

$7,117,457.4319.41%$0.1741

Recently

6
UpbitUpbit

ALGO/KRW

$6,046,141.2838%$0.1893

2m ago

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