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Algorand ALGO

Algorand Price (ALGO)
$0.2165
2.06% Buy ALGO Now

0.0000500 ETH

0.00000178 BTC

Buy ALGO Now
Low: $0.2135
High: $0.2259
24h
Market Cap
$1,906,883,019
2.06%
Fully Diluted Market Cap
$2,169,135,014
2.06%
Volume
24h
$54,639,894
4.80%
Volume / Market Cap
0.0287
Circulating Supply
8,809,480,881 ALGO
88.09 %
Max Supply
10,000,000,000
Total Supply
10,000,000,000

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Live ALGO Price Analysis

The current real time Algorand price is $0.2165, and its trading volume is $54,639,894 in the last 24 hours. ALGO price has plummeted by 2.06% in the last day, and decreased by 1.77% in the last 7 days. It's important to note that current Algorand market capitalization is $1,906,883,019, and the maximum supply is 10,000,000,000 ALGO coins. Talking about circulating supply, ALGO has 8,809,480,881 coins. Currently, Algorand rank on the market is #48.

Algorand price today is 93.40% below all time high, and it is 160.57% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling ALGO are Kraken, Crypto.com & Coinbase. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Algorand (ALGO)?

ALGO is the native token of the Algorand crypto platform. Algorand is a permissionless public blockchain. It supports a huge variety of scalable and efficient decentralized applications. If you’re interested in the current Algorand price, check out the ALGO price chart above.

The project's main goal is to use the blockchain platform to create a borderless economy. According to the project, a borderless economy is one in which everything of value can be exchanged completely frictionlessly between two or more parties.

Apart from that, it also aims to solve the scalability issues of other blockchains. One of the major issues facing the blockchain industry is finding the ideal mix between security, decentralization, and scalability, which is what Algorand is trying to do.

It’s important to note that Algorand never forks. It means that the Algorand blockchain cannot be altered in any way, and that neither a soft fork nor a hard fork can occur. This contributes to Algorand’s continued speed, stability, and protection against malicious network attacks.

Algorand employs a unique Pure Proof-of-Stake (PPoS) algorithm. It is based on the Byzantine consensus. The amount of tokens each user has invested in the system determines how much of an impact they have on the decision to create a new block. To propose blocks and cast votes on proposed blocks, users are chosen anonymously and at random. Every online user has the opportunity to be chosen to vote and make a proposal.

Besides, PPoS does not require users to set aside a portion of their stake in order to participate in the process of consensus. Thus, it does not limit a user's capacity to spend their stake. Algorand stakers are allowed to use their stake whenever they choose because it’s not locked in a staking pool.

The use of such a consensus mechanism reduces the need for unnecessary electricity use. In addition to that, it enables the processing of a considerably higher number of transactions per second without compromising decentralization.

The Story of Algorand

The Algorand network was founded by Silvio Micali in 2017 at MIT (since the founder is an MIT professor himself), but released to the public only on June 19th, 2019. On the same day, an Algorand ICO was held, during which the ALGO price was $2,4. It was organized as a Dutch Auction, meaning that the price was meant to decrease during a certain time period. The ICO resulted in over $60 million that was dedicated to the development of the Algorand crypto project.

Apart from being a founder of Algorand, Silvio Micali is also a professor of computer science at MIT. Besides, his work in the fields of secure two-party computation theory, electronic money, and various blockchain or crypto protocols earned him the Turing Award in 2012.

The Purpose of ALGO Coin

ALGO is the utility token of Algorand. The token is scalable and really fast. It allows users to complete transactions in roughly 3.3 seconds, no matter if it’s the first transaction of the day or the millionth. Besides, ALGO transactions are really low-cost compared to some other crypto assets.

The main use cases of Algorand tokens are the following:

  • ALGO is used to secure the PPoS consensus mechanism used in the creation process of each block;
  • ALGO is used as a payment method for transactions on the Algorand blockchain;
  • ALGO is used as a governance token, providing users with the ability to participate in the decision-making processes.

The Tokenomics of ALGO

The maximum supply of ALGO coins is 10 billion. During its initial ICO, 25 million tokens were distributed. Overall, the project seeks to distribute 600 million coins in an auction that is planned to occur every 5 years until the max supply is reached.

Algorand announced a 200 million ALGO staking incentives program in August 2019. In order to get rewards, users had to register their wallets before the 1618450th block was created, which happened by the end of August. Those who managed to do that had to undergo the KYC (Know Your Customer) process in order to receive their rewards.

However, this program was stopped in April 2022, and staking rewards were replaced fully with governance rewards. That said, a new staking program is planned to launch in Q4 2024.

If you want to buy Algorand coins, just be aware that the ALGO price is subject to fluctuation. Similar to how the prices of the majority of crypto assets are affected, the Algorand price is also impacted by a variety of factors that affect the whole crypto market.

The London Bridge

Despite promising low-cost transactions, minimal latency, and excellent scalability, Algorand has had trouble luring liquidity to its ecosystem. As the Algorand Foundation announced in February 2022, it will implement the London Bridge on the Algorand network. The foundation has dedicated $10 million for that.

In essence, the London Bridge is a trustless bridge that would provide Ethereum compatibility to the Algorand network. The bridge would allow Algorand to link various decentralized applications (dApps) to its blockchain this way drawing in more liquidity.

Algorand chose to do that specifically with Ethereum since it has one of the most developed dApp ecosystems. However, in the future, Algorand plans to connect to even more blockchains, which would eventually allow it to establish a strong and stable DeFi ecosystem.

What's Algorand trading volume in the last 24 hours?

ALGO has a trading volume of $54,639,894 in the last 24 hours.

What's Algorand highest price ever?

ALGO has a highest price of $3.28, which was reached on Jun 21, 2019 (6 years 3 months ago).

What's Algorand lowest price ever?

ALGO has a lowest price of $0.0831, which was reached on Sep 11, 2023 (2 years 3 weeks ago).

What are the best exchanges for buying and selling ALGO?

Currently, the most active and dominating exchanges for buying and selling Algorand are Kraken, Crypto.com & Coinbase. The most popular Algorand trading pairs are ALGO/USDT (on Huobi Global ), ALGO/USDT (on Binance ), ALGO/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping ALGO?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Algorand. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Algorand Markets' Analysis

The in-depth analysis of Algorand Markets shows that the top exchanges are Kraken. It's clear that the most popular trading pairs currently are USDC/EUR, USDT/EUR, USDC/USD, USDC/USDT, SOL/USD. Looking at the combined Volume of these Top 5 ALGO pairs, it's evident that they have an overall market dominance of 785%, which makes up a worth of $428,741,934. Currently, the Number 1 Algorand trading pair is USDCEUR, with the current price of $1.08 & a volume of $117,515,827 with a dominance 215% rate.

Algorand (ALGO) Volume By Exchange And Quote Currency

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Algorand (ALGO) Markets
# Exchange Base Currency Quote Currency Name Price Volume Volume %
1 Huobi Global Centralized Exchange Algorand ALGO Tether USDT ALGO/USDT $0.2165 $12,978,552 59,949,994 ALGO 23.75%
2 Binance Centralized Exchange Algorand ALGO Tether USDT ALGO/USDT $0.2165 $7,609,118 35,147,722 ALGO 13.93%
3 Coinbase Centralized Exchange Algorand ALGO US Dollar USD ALGO/USD $0.2157 $3,202,260 14,845,897 ALGO 5.86%
4 KuCoin Centralized Exchange Algorand ALGO Tether USDT ALGO/USDT $0.2166 $3,139,117 14,493,365 ALGO 5.75%
5 Gate Centralized Exchange Algorand ALGO Tether USDT ALGO/USDT $0.2166 $3,081,606 14,225,857 ALGO 5.64%

Algorand (ALGO) Markets

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# Exchange Base Currency Quote Currency Name Price Volume Volume %


Algorand Price History Analysis

Price History for Algorand (ALGO)
Date Open High Low Close Volume Market Cap
Oct 07, 2025 $0.2191 $0.2307 $0.2167 $0.2295 $66,601,994 $2,019,744,534
Oct 06, 2025 $0.2198 $0.2296 $0.2184 $0.2192 $47,001,674 $1,928,300,587
Oct 05, 2025 $0.2250 $0.2254 $0.2162 $0.2199 $58,529,506 $1,934,778,452
Oct 04, 2025 $0.2251 $0.2294 $0.2213 $0.2250 $54,720,834 $1,978,950,459
Oct 03, 2025 $0.2205 $0.2272 $0.2201 $0.2249 $65,989,757 $1,977,950,384
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Date Open High Low Close Volume Market Cap

On this day

October 09

Algorand ALGO
Today
$0.2165
| 76%
2024 (1 year ago)
$0.1249
| 24.83%
2023 (2 years ago)
$0.1000
| 70.07%
2022 (3 years ago)
$0.3343
| 82.4%
2021 (4 years ago)
$1.90
| 517.88%
2020 (5 years ago)
$0.3074
| 31.53%
2019 (6 years ago)
$0.2337

Algorand Popularity Metric Analysis

By analyzing Algorand social media signals, you can instantly see how active, community-involved and popular the company is. Looking at Algorand X statistics, it's clear that the brand has 208,902 followers, which is considered to be a quite average follower base. On the other hand, Algorand is following 1,049 X accounts. It's important to note that Algorand has posted 19,356 tweets since it joined X on Jan 29, 2019, which shows the brand's level of involvement and proactiveness.

Looking at Algorand Telegram stats, the project has 6,030 members. Algorand currently has 0 monthly organic visitors to its website, which is quite a low amount of traffic. The company's Ahrefs Rank is 104,660, and the Website Domain Rating is 69 - both of these metrics are deemed as good.

Algorand has joined Reddit on Feb 15, 2019. Since then, the brand has generated 75,677 subscribers, which is a normal-sized fan base. Algorand GitHub activity began on Nov 01, 2016, until now it has 79 public repositories. Its core repository has 74 watchers, 1,409 stars & 505 forks.

Algorand Price
$0.2165
Price Change 24h
-$0.0045
2.06%
24h Low / 24h High
$0.2135 /
$0.2259
All Time High
Jun 21, 2019 (6 years 3 months ago)
$3.28
93.40%
All Time Low
Sep 11, 2023 (2 years 3 weeks ago)
$0.0831
160.57%
Trading Volume 24h
$54,639,894
4.80%
Volume / Market Cap
0.0287
Market Dominance
0.05%
Market Rank
#48
Market Cap
$1,906,883,019
2.06%
Fully Diluted Market Cap
$2,169,135,014
2.06%

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