Algorand Price (ALGO)
Algorand to USD Chart
Please wait, we are loading chart data
ALGO Price Live Data
The live Algorand price today is $1.67 USD with a 24-hour trading volume of $502,097,590 USD. We update our ALGO to USD price in real-time. Algorand is up 2.42% in the last 24 hours. The current CoinMarketCap ranking is #22, with a live market cap of $10,482,902,113 USD. It has a circulating supply of 6,265,973,639 ALGO coins and a max. supply of 10,000,000,000 ALGO coins.
If you would like to know where to buy Algorand, the top cryptocurrency exchanges for trading in Algorand stock are currently Binance, Mandala Exchange, OKEx, Huobi Global, and FTX. 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.
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.
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:
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.
Our most recent articles about Algorand:
ALGO to USD Converter
ALGO Price Statistics
|24h Low / 24h High|
|Volume / Market Cap||0.0479|
|Fully Diluted Market Cap||$16,729,885,437.68|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighJun 21, 2019 (2 years ago)
All Time LowMar 13, 2020 (2 years ago)
|Circulating Supply||6,265,973,639 ALGO|
|Total Supply||6,721,316,655 ALGO|
|Max Supply||10,000,000,000 ALGO|