Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD
Home
Crypto prices
Algorand Price

Algorand Price(ALGO)

Currency
Currency
ALGO Price Calculator
Buy
ALGO
Price
USD $ 0.00
Buy ALGO
Binance has the lowest transaction fee rate amongst all major trading platforms.
Coinbase
1.99%
Kraken
0.26%
Binance
0.1%
$ 0.3530621
-5.74%
(1D)

ALGO Price Live Data

The live price of Algorand is $ 0.3530621 per (ALGO / USD) today with a current market cap of $ 2.43B USD. 24-hour trading volume is $ 81.17M USD. ALGO to USD price is updated in real-time. Algorand is -5.74% in the last 24 hours. It has a circulating supply of $ 6.89B USD.
ALGO Price Performance USD
ChangeAmount%
Today$ -0.0202501-5.74%
30 Days$ 0.0190383+5.39%
60 Days$ 0.0533522+15.11%
90 Days$ -0.0958034-27.13%

ALGO Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.3515251
High: $ 0.3752752
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.
$ 3.2801786
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.
-1.31%
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.
-5.74%
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.
-3.31%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-3.31%
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.
#31
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.
$ 2.43B
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.
$ 81.17M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
$ 6.89B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
$ 6.89B
Circulating supply shows the number of coins or tokens that have been issued so far.

About Algorand (ALGO)

Algorand is a blockchain founded in 2017 by Professor Silvio Micali, a computer scientist from MIT. Its mainnet went live in June 2019 along with the launch of its native cryptocurrency, ALGO. The blockchain aims to improve the scalability problems of older blockchains while supporting smart contracts. Algorand's blockchain is decentralized and public with a Pure Proof-of-Stake blockchain. You can also use Algorand to create customized layer-1 blockchains. 

The blockchain's Pure Proof of Stake consensus mechanism helps decentralize the power seen in traditional Proof of Stake models. Anyone who wants to take part and stakes (even small amounts) has the chance to be randomly selected as a validator or block proposer.

ALGO is Algorand's native coin with a maximum total supply of 10 billion. The project aims to have the supply fully distributed by the end of 2030. You can earn ALGO by holding at least 1 ALGO in a non-custodial wallet. This occurs whenever a new block is successfully added, and you can expect roughly 5-8% APY. ALGO is a popular coin to hold for investors who want to make returns passively without needing to stake the coin. You can also use the coin to pay network transaction fees and staking when generating consensus.


People Also Ask: Other Questions About Algorand (ALGO)

  1. Where to buy ALGO?

    You can purchase ALGO on Binance by trading it on the exchange. You will need to use a token in a trading pair with ALGO such as BNB or BUSD.

  2. Is ALGO a coin or token?

    ALGO is a coin with its own Pure Proof of Stake blockchain.

  3. What is ALGO used for?

    ALGO has three primary use cases:

    1. To pay transaction fees on the Algorand blockchain.

    2. To stake and possibly become a block proposer or validator.

    3. To hold in a non-custodial wallet and earn ALGO rewards with every successfully-added block.

Top News
Algorand Foundation partners with Boston University to support African Farmers
The Algorand Foundation announced via a blog post on Monday that it has partnered with Boston University and Hello Tractor to develop an application where local farmers can share access to tractors.According to the Algorand Foundation, this project is the first to combine blockchain technology and contract theory to help firms ‘leapfrog’ institutional and infrastructure problems in Africa and other developing countries and drive the formation of pro-poor, inclusive digital ecosystems.Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products.” As such, Algorand ensures "full participation, protection and speed within a truly decentralized network." ALGO is trading at $0.3523 at press time, down by more than 4% in the last 24 hours.
Hassan Maishera - Cryptowisser
2022-08-09
#Algorand
#Algorand
Hassan Maishera - Cryptowisser
2022-08-09
#Algorand
#Algorand
Top Blog
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. 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.