Home
Crypto prices
Algorand Price
Algorand price

Algorand Price(ALGO)

Currency
Currency
Buy ALGO
Trade ALGO
Algorand logo
ALGO
1 ALGO =
USD $0.138951
Buy ALGO
Last updated 2024/07/11 04:59 (UTC)
Binance has the lowest transaction fee rate amongst all major trading platforms.
Coinbase
1.99%
Kraken
0.26%
Binance
0.1%
No records
$ 0.138951
-0.13%
1D
Page last updated: 2024-07-11 16:59 (UTC+0)
How do you feel about Algorand today?
Good
0
Bad
0
Note: This information is for reference only.

Price of ALGO today

The live price of Algorand is $ 0.138951 per (ALGO / USD) with a current market cap of $ 1.14B USD. 24-hour trading volume is $ 25.62M USD. ALGO to USD price is updated in real-time. Algorand is -0.13% in the last 24 hours with a circulating supply of 8.23B.
ALGO Price History USD
Date ComparisonAmount Change% Change
Today$ -0.000181-0.13%
30 Days$ -0.018444-11.72%
60 Days$ -0.040969-22.77%
90 Days$ -0.07952-36.40%

ALGO Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.137706
High: $ 0.142905
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 3.280179
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.26%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-0.13%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+2.87%
The percent change in trading volume for this asset compared to 7 days ago.

ALGO Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#64
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 1.14B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 25.62M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
8.23B
82.28%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
10.00B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 1.39B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Algorand

Algorand (ALGO) is an open-source blockchain network and cryptocurrency designed to facilitate mainstream adoption of blockchain technology. It also aims to expand the use cases of digital currencies by accelerating transaction verification rates. 

First launched in 2019, Algorand seeks to provide a similar transaction throughput rate as major centralized payment processors like Visa or Mastercard. It does so through the integration of scalability features like relay nodes, which are used to create efficient communication paths. At the same time, blockchain information is continuously compressed in order to reduce the data burden on Algorand network participants.

Algorand also provides smart contract functionality, making it possible for developers to create and deploy decentralized applications (DApps) and smart contracts on its blockchain.

Algorand is considered a third-generation blockchain. The network uses a proof-of-stake (PoS) consensus model in which validators help keep the network secure through transaction validation and block generation. The current price of ALGO is updated and available in real time on Binance.

People Also Ask: Other Questions About Algorand

  1. What is ALGO Used For?

    ALGO is used as a means of value transfer within the Algorand ecosystem; it is also used to secure the Algorand network. ALGO is also staked by network validators and used to reward them for their assistance in validating transactions while keeping the PoS blockchain secure. ALGO price is available live on Binance.

  2. How Do Network Consensus and Validation Work on Algorand?

    Algorand uses a PoS consensus model in which participants stake ALGO tokens to validate transactions and secure the blockchain.

  3. Who is the Algorand Founder?

    Algorand was founded by Silvio Micali, a computer scientist at the Massachusetts Institute of Technology (MIT), in 2017.

  4. What is the Maximum Token Supply of Algorand?

    The total supply of Algorand is limited to 10 billion ALGO tokens. At the time of writing, the circulating supply of ALGO is 7,126,147,542 tokens.

  5. What Makes Algorand Different From Others?

    Algorand’s founder, Silvio Macali, recived the Turing Award in 2012 for his work in cryptography. The network offers similar functionality to Ethereum while operating on a PoS consensus model. Thanks to its carbon offset initiatives, Algorand is also a carbon-neutral blockchain network.

    In February 2022, the Algorand Foundation dedicated $10 million to the development of The London Bridge to connect to the Ethereum blockchain, in an effort to attract more liquidity to the Algorand network. The robust DApps and vibrant Ethereum ecosystem offered promise to potentially attract more users to the low-cost, efficient blockchain platform.

  6. How To Buy ALGO?

    ALGO can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live ALGO price is updated in real time on Binance. For additional instruction and other relevant information, users can read our How to buy Algorand (ALGO) Guide.

  7. How Much Will ALGO Be Worth in the Future?

    Check out our ALGO Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

ALGO to Local Currency

FiatPriceOperation
1 ALGO to USD$ 0.138951
1 ALGO to TRY$ 0.138951
1 ALGO to RUB$ 0.138951
1 ALGO to EUR$ 0.138951
1 ALGO to AED$ 0.138951
1 ALGO to AUD$ 0.138951
1 ALGO to BRL$ 0.138951
1 ALGO to VND$ 0.138951
1 ALGO to IDR$ 0.138951
Last updated 2024/07/11 04:59 (UTC)

Video Section

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.