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Algorand($ALGO)
$0.227108
Low $0.22422
High $0.23895
What is Algorand?
Algorand is a decentralized network designed to solve the blockchain trilemma of simultaneously achieving speed, security, and decentralization. Algorand, which was launched in June 2019 by computer scientist and MIT professor Silvio Micali...
Algorand is a decentralized network designed to solve the blockchain trilemma of simultaneously achieving speed, security, and decentralization. Algorand, which was launched in June 2019 by computer scientist and MIT professor Silvio Micali, is a permissionless and open-source blockchain network that anyone can build on. Algorand is intended to be a payments-focused network with fast transactions and a strong emphasis on achieving near-instant finality — that is, it will process over 1,000 transactions per second (TPS) and achieve transaction finality in less than five seconds.
Algorand employs a Proof-of-Stake (PoS) consensus mechanism, with validator rewards distributed to all holders of its native ALGO cryptocurrency. Algorand is capable of managing the high-throughput requirements of widespread global usage and a variety of use cases due to its strong throughput capacity and equitable community incentivization.
Algorand is currently capable of hosting decentralized application (dApp) development and providing scalability as a public smart contract blockchain that relies on staking. Rising Ethereum gas fees have prompted many dApp developers and decentralized finance (DeFi) traders to seek alternative blockchain solutions, with some turning to Algorand as an Ethereum alternative for dApp development and DeFi applications.
Algorand also allows developers to create new tokens or transfer existing tokens to the Algorand ecosystem using the Algorand Standard Asset (ASA) protocol. Stablecoins like USDT and USDC, for example, exist as ASAs on the Algorand blockchain and have much higher throughput and lower transaction fees than Ethereum. Furthermore, as central banks continue to investigate networks for hosting their central bank digital currencies (CBDCs), Algorand has emerged as a viable option and has been selected to host the Marshall Islands CBDC.
Funds
Influencers
155,738 followers
Twitter Mentions
4 mentions
4 mentions
3 mentions
2 mentions
2 mentions
1 mentions
1 mentions
1 mentions
CoinScouts Grade
Market Statistics
Volume
$242,444,528.00
Market Cap
$1,610,721,456.00
Fully Diluted
$2,271,080,000.00
Market cap Value
15.05 %
Circulating Supply
7,131,969,871
Max Supply
10,000,000,000
Total Supply
7,339,532,209
% of Max Supply
71.32%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
Algorand Statistics
Name
AlgorandTicker
ALGOPrice
$0.22710824 Hour Trading Volume
$242,444,528.0024 Hour Volume Change
18.50%Market cap
$1,610,721,456.0024 Hour Market Cap Change
-1.06%Fully Diluted Market Cap
$2,271,080,000.00Price change 24 hour
-0.93%Price change 7 days
-1.06%Price change 14 days
4.36%Price change 30 days
-16.44%All Time Low/High
$0.105336 | $3.56Percentage Change Since All Time High
-93.65%Percentage Change Since All Time Low
114.60%Market cap rank
#40Volume / Market Cap
0.15052Issuance Blockchain
AlgorandCirculating Supply
7,131,969,871 (97.17%)Max Supply
10,000,000,000Total Supply
7,339,532,20924h Volatility
$0.05Twitter Followers
331,361Telegram Users
20,874Reddit Subscribers
70,781Github subs
68Github issues
1,482Algorand Markets
Upcoming Algorand Events
No upcoming events for Algorand known.
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Algorand News
Crypto market: focus on Calvaria (RIA), SafeMoon (SFM) and Algorand (ALGO)
How are the crypto assets Calvaria (RIA), SafeMoon (SFM) and Algorand (ALGO) doing within the market? A look at the latest news and price prediction....Read full story
y The Cryptonomist
Last updated 9 hours ago
Neutral
Algorand price has been rising in the last two days: here's why
Algorand price has been on a sustained bullish trend over the past two days and was trading at $0.2254 at press time. The token has shown quite a strong bullish stance and although it could partly be buoyed by ...Read full story
y Invezz
Last updated 9 hours ago
Bullish
Crypto market: focus on Calvaria (RIA), SafeMoon (SFM) and Algorand (ALGO)
How are the crypto assets Calvaria (RIA), SafeMoon (SFM) and Algorand (ALGO) doing within the market? A look at the latest news and price prediction.... Read full story
By The Cryptonomist | Last updated 9 hours ago |
Neutral
Algorand price has been rising in the last two days: here's why
Algorand price has been on a sustained bullish trend over the past two days and was trading at $0.2254 at press time. The token has shown quite a strong bullish stance and although it could partly be buoyed by ... Read full story
By Invezz | Last updated 9 hours ago |
Bullish
Algorand gains 5% as it expands to India
Algorand seems to be on for a good market day recording an increase of over 6% in price valuation within a 24-hour period. This comes amid an India move by the web3 startup.... Read full story
By Crypto news | Last updated 13 hours ago |
Bullish
Algorand unveils AlgoKit to simplify adoption for developers
Algorand has introduced AlgoKit, a comprehensive toolkit designed to support developers as they transition to the emerging web3 landscape.... Read full story
By Crypto news | Last updated 1 day ago |
Bullish
Algorand up over 12% following on from India partnership
Algorand (ALGO) — the blockchain-based cryptocurrency protocol that leverages proof-of-stake technology — is up over 12% in 24-hour trading following the announcement of its partnership in India.... Read full story
By CryptoSlate | Last updated 1 day ago |
Bullish