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Algorand

Algorand ALGO

Coin
Algorand Price (ALGO)
$0.3387
3.33% Buy ALGO

0.00026 ETH

0.00001739 BTC

Low: $0.3367
High: $0.3525
24h
Market Cap
$2,376,032,776
3.33%
Fully Diluted Market Cap
$3,383,522,992
3.33%
Volume
24h
$98,991,238
8.25%
Volume / Market Cap
0.0417
Circulating Supply
7,015,120,848 ALGO
72.46%
Max Supply
10,000,000,000
Total Supply
7,245,637,112
Algorand ALGO
Price: $0.3387
3.33% Buy ALGO
Algorand (ALGO) Social Signals & Traffic Tracker
Algorand twitter
Twitter Stats
@AlgoFoundation

Followers

124,912

0.42%

Following

311

0.32%

Tweet count

7,752

1.79%

Joined at Jan 29, 2019
Algorand reddit
Reddit Stats
r/AlgorandOfficial

Subscribers

69,754

0.26%

Subreddit type

public

Moderators

21

0.00%

Joined at Feb 15, 2019
Algorand telegram
Telegram Stats
@AlgorandFoundation

Title

Algorand Foundation

Members

8,329

0.38%

Algorand traffic
Website Traffic
algorand.foundation

Website Rating (DR)

70 / 100

0.00%

Ahrefs Rank

97,109

1.68%

Organic Traffic (mo.)

0

0.00%

Algorand github
GitHub Organization
algorand

Public repos

69

Type

Organization

Created at Nov 01, 2016
Algorand github
GitHub Repository
algorand/go-algorand

Stars

1,150

0.79%

Watchers

63

1.61%

Forks

354

0.85%

Language

C

Created at Nov 01, 2016

Algorand is a scalable, secure and decentralized digital currency and transactions platform.

Algorand is a scalable, secure and decentralized digital currency and transactions platform.

Building trusted infrastructure for the borderless economy. Twitter: https://twitter.com/AlgoFoundation LinkedIn: https://www.linkedin.com/company/algorandfoundation/ Facebook: https://www.facebook.com/AlgorandFoundation/

Algorand Price statistics

Algorand Price
$0.3387
Price change 24h
-$0.0113
3.33%
24h Low / 24h High
$0.3367 /
$0.3525
All Time High
Jun 21, 2019 (3 years 3 months ago)
$3.28
89.67%
All Time Low
Mar 13, 2020 (2 years 6 months ago)
$0.1024
230.75%
Trading Volume 24h
$98,991,238
8.25%
Volume / Market Cap
0.0417
Market Dominance
0.24%
Market Rank
#32
Market Cap
$2,376,032,776
3.33%
Fully Diluted Market Cap
$3,383,522,992
3.33%

Live ALGO Price Analysis

The current real time Algorand price is $0.3387, and its trading volume is $98,991,237.73 in the last 24 hours. ALGO price has plummeted by 3.33% in the last day, and decreased by 5.66% in the last 7 days. It’s important to note that current Algorand market capitalization is $2,376,032,776.47, and the maximum supply is 10,000,000,000 ALGO coins. Talking about circulating supply, ALGO has 7,015,120,848 coins. Currently, Algorand rank on the market is #32.

Algorand price today is 89.67% below all time high, and it is 230.75% 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 Binance, Kucoin & Kraken. 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 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 $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 4 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 annual auction 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.

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 $98,991,237.73 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 (3 years 3 months ago).

What's Algorand lowest price ever?

ALGO has a lowest price of $0.1024, which was reached on Mar 13, 2020 (2 years 6 months ago).

What are the best exchanges for buying and selling ALGO?

Currently, the most active and dominating exchanges for buying and selling Algorand are Binance, Kraken & Kucoin. The most popular Algorand trading pairs are ALGO/USDT (on Binance ), ALGO/USD (on Coinbase ), ALGO/BUSD (on Binance ). 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.

Pages related to Algorand:

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Algorand project's Circulating Supply has been verified and is equal to:

Circulating Supply

7,015,120,848 ALGO

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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