Algorand Price (ALGO)

$0.2238
1.00%

0.00001302 BTC1.08%

0.0001751 ETH2.55%

Low:$0.2192
High:$0.226
24h
ALGO  Algorand ALGO
Price:
$0.2238
 1.00%
Market Cap
$1,594,671,019
1.00%
24h Volume / Market Cap
0.0313
Fully Diluted Market Cap
$2,237,774,095
1.00%
Volume
24h
$49,977,906
26.86%
CEX Vol
$49,502,909
DEX Vol
$474,997
Circulating Supply
7B ALGO
71%
Max Supply
10,000,000,000
Total Supply
7,349,538,784

Algorand to USD Chart

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ALGO to USD Converter

ALGO

Algorand

USD

United States Dollar

ALGO Price Statistics

Algorand Price Today
Algorand Price$0.2238
Price Change24h+$0.002223
1.00%
24h Low / 24h High
$0.2192 /
$0.226
Trading Volume24h$49,977,906
26.86%
Volume / Market Cap0.03134
Market Dominance0.19%
Market Rank#29
Algorand Market Cap
Market Cap$1,594,671,019
1.00%
Fully Diluted Market Cap$2,237,774,095
1.00%
Algorand Price Yesterday
Yesterday's Low / High
$0.2204 /
$0.2345
Yesterday's Open / Close
$0.2341 /
$0.2216
Yesterday's Change

5.35%

Yesterday's Volume$68,569,468
Algorand Price History
7d Low / 7d High
$0.2192 /
$0.2457
30d Low / 30d High
$0.2192 /
$0.3349
90d Low / 90d High
$0.2192 /
$0.4518
52 Week Low / 52 Week High
$0.2192 /
$1.83
All Time High
Jun 21, 2019 (3 years ago)
$3.28
93.18%
All Time Low
Mar 13, 2020 (3 years ago)
$0.1024
118.53%
Algorand ROI

93.17%

Algorand Supply
Circulating Supply7,126,148,357 ALGO
Total Supply7,349,538,784 ALGO
Max Supply10,000,000,000 ALGO

ALGO to USD Converter

ALGO

Algorand

USD

United States Dollar

ALGO Price Live Data

The live Algorand price today is $0.223777 USD with a 24-hour trading volume of $49,977,906 USD. We update our ALGO to USD price in real-time. Algorand is up 1.00% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $1,594,671,019 USD. It has a circulating supply of 7,126,148,357 ALGO coins and a max. supply of 10,000,000,000 ALGO coins.

If you would like to know where to buy Algorand at the current rate, the top cryptocurrency exchanges for trading in Algorand stock are currently Binance, Bitrue, OKX, MEXC, and Tapbit. You can find others listed on our crypto exchanges page.

What Is Algorand (ALGO)?

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.

Who Are the Founders of Algorand?

Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.

What Makes Algorand Unique?

Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.

Algorand’s Compatibility with Ethereum

On Feb. 17, 2022, the Algorand Foundation announced a $10M grant to Applied Blockchain to develop the London Bridge, a trustless bridge that will bring Ethereum compatibility to the Algorand blockchain. Algorand has struggled to attract liquidity to its ecosystem, despite promising low cost transactions, low latency and high scalability. Having a bridge to Ethereum, which currently has the most robust DApp ecosystem, would allow Algorand to connect to these applications and attract more liquidity. In the long-term, the Algorand Foundation aims to have verification of other chains be performed on Alogrand’s smart contracts, by incorporating state proofs in the form of Compact Certificates into the Algorand Consensus. The foundation’s goal is to eventually solidify the DeFi ecosystem on Algorand.

Learn more about Ethereum.

Learn more about Avalanche.

Read more about our deep dive on Web 3.0.

Want to keep track of Algorand price live? Download the CoinMarketCap mobile app!

Curious about the crypto space? Read our educational section — Alexandria.

Algorand Staking Mechanism: Pure Proof-of-Stake

Algorand employs a kind of Proof-of-Stake known as Pure Proof-of-Stake (PPoS). PPoS is a highly democratized PoS consensus method with a minimal staking requirement for network participation and security: only one ALGO token is required to join. In comparison, Ethereum 2.0 needs a minimum stake of 32 ether (ETH), a substantially higher barrier to entry for consumers.

A low minimum staking requirement, on the other hand, may have a negative impact on network security since network users may be less inclined to behave properly when they do not have a significant value staked in the network.

Production of Algorand Blocks Through PPoS

Validator nodes are chosen at random in Pure Proof-of-Stake networks to confirm the transaction data in a block. The Algorand PPoS consensus method employs a two-phase block manufacturing procedure that includes proposing and voting.

By staking ALGO and establishing a valid participation key, every member of the Algorand network can participate in the proposing and voting procedure. A relay node is a form of Algorand network node that facilitates communication among participation nodes but does not actively engage in proposing or voting.

Algorand’s Native Cryptocurrency: ALGO

ALGO is the native coin of Algorand and a key component of its network topology. The benefits provided to validators for creating blocks are divided and dispersed among all coin holders, rather than being awarded just to block producers, as part of Algorand's unique protocol architecture.

The distribution of rewards occurs around every 10 minutes. It is meant to encourage people to join the Algorand staking platform and smoothen the route to decentralization.

To make things easier, users are not required to lock their coins as part of the block manufacturing and validation process. If they want to earn incentives, they may simply keep ALGO its official non-custodial wallet, named MyAlgo Wallet. In this regard, Algorand has reached near automation, since stakeholders can hold ALGO while also supporting the network.

How Many Algorand (ALGO) Coins Are There in Circulation?

The genesis of the Algorand blockchain states that 10 billion ALGO was minted. The distribution of the fixed and immutable 10 billion ALGO will end in 2030, rather than the initial plan of 2024. For more information about Algorand’s tokenomics, see here.

How Is the Algorand Network Secured?

The Algorand blockchain is a permissionless pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block.

Where Can You Buy Algorand (ALGO)?

Algorand can be bought on the following exchanges:

Coinbase

Binance

OKEx

Kraken

Huobi

To check Algorand price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Algorand price page. Alternatively, use the dedicated exchange rate converter page. Popular Algorand price pairs include: ALGO/USD, ALGO/GBP, ALGO/AUD and ALGO/EUR.

ALGO to USD Converter

ALGO

Algorand

USD

United States Dollar

ALGO Price Statistics

Algorand Price Today
Algorand Price$0.2238
Price Change24h+$0.002223
1.00%
24h Low / 24h High
$0.2192 /
$0.226
Trading Volume24h$49,977,906
26.86%
Volume / Market Cap0.03134
Market Dominance0.19%
Market Rank#29
Algorand Market Cap
Market Cap$1,594,671,019
1.00%
Fully Diluted Market Cap$2,237,774,095
1.00%
Algorand Price Yesterday
Yesterday's Low / High
$0.2204 /
$0.2345
Yesterday's Open / Close
$0.2341 /
$0.2216
Yesterday's Change

5.35%

Yesterday's Volume$68,569,468
Algorand Price History
7d Low / 7d High
$0.2192 /
$0.2457
30d Low / 30d High
$0.2192 /
$0.3349
90d Low / 90d High
$0.2192 /
$0.4518
52 Week Low / 52 Week High
$0.2192 /
$1.83
All Time High
Jun 21, 2019 (3 years ago)
$3.28
93.18%
All Time Low
Mar 13, 2020 (3 years ago)
$0.1024
118.53%
Algorand ROI

93.17%

Algorand Supply
Circulating Supply7,126,148,357 ALGO
Total Supply7,349,538,784 ALGO
Max Supply10,000,000,000 ALGO