Algorand

ALGO Price

About Algorand

Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more complex blockchain solutions.

Where can you buy Algorand?

ALGO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Algorand is Coinbase Exchange, where the most active trading pair ALGO/USD has a trading volume of $5,423,602.63 in the last 24 hours. Other popular options include Binance and Bybit.

What is the daily trading volume of Algorand (ALGO)?

The trading volume of Algorand (ALGO) is $179,096,628.68 in the last 24 hours, representing a -23.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Algorand (ALGO)?

Algorand (ALGO) reached an all-time high of $3.56 and an all-time low of $0.07573. It’s now trading -96.50% below that peak and 64.60% above its lowest price.

What is the market cap of Algorand (ALGO)?

Market capitalization of Algorand (ALGO) is $1,129,201,755 and is ranked #75 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ALGO tokens (9.1 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Algorand (ALGO)?

The fully diluted valuation (FDV) of Algorand (ALGO) is $1,129,206,782. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion ALGO tokens are in circulation today. Depending on how the emission schedule of ALGO tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Algorand compare against its peers?

With a price increase of 12.70% in the last 7 days, Algorand (ALGO) is outperforming the global cryptocurrency market which is down -2.30%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -2.10%.