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Algorand Price, ALGO/USD Exchange Rates


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.

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 very 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 blockchain protocol.

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 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.

ALGO/USD Price and Exchange Rates Charts

ALGO/USD Price, Exchange Rates chart – 7 days

ALGO/USD Price, Exchange Rates chart – 30 days

ALGO/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Algorand Price or ALGO Information. For the most recent information please visit the Algorand official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin -0.94%
2 ETH Information Ethereum 1.22%
3 USDT Information Tether -0.02%
4 USDC Information USD Coin 0.02%
5 BNB Information BNB 0.39%
6 BUSD Information Binance USD -0.18%
7 XRP Information XRP 0.59%
8 ADA Information Cardano -1.24%
9 SOL Information Solana -6.54%
10 STETH Information Lido stETH -3.32%
11 DOGE Information Dogecoin 8.95%
12 DOT Information Polkadot -7.94%
13 DAI Information Dai 0.05%
14 WTRX Information Wrapped TRON 0.98%
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16 TRX Information TRON 1.31%
17 SHIB Information Shiba Inu 3.78%
18 LEO Information UNUS SED LEO -0.44%
19 WBTC Information Wrapped Bitcoin -1.21%
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BTC/USD Forecasts

Bears prepare for a new attack on Bitcoin
Bears prepare for a new attack on Bitcoin

Bitcoin was down 3.1% on Tuesday, ending the day around $20.3K, where it is consolidating on Wednesday morning. Ethereum has lost 3.1% in the past 24 hours, leading other altcoins...

29 Jun 2022

Rotation from Bitcoin to altcoins?
Rotation from Bitcoin to altcoins?

Bitcoin gained 3.8% over the past week, ending around $21.4K, dropping slightly to $21.2K on Monday morning. Ethereum added 9.4%, while other top-ten altcoins gained between 4.6% (Cardano) and 19.3% (Dogecoin)...

27 Jun 2022

Crypto Crash and Stock Market
Crypto Crash and Stock Market

The horrors of 2018 and 2017 are back in the crypto market, and crypto traders are not only highly nervous about it, but many are also losing faith in cryptos as the current...

24 Jun 2022

Bitcoin may be near the bottom but not yet ready to rise
Bitcoin may be near the bottom but not yet ready to rise

The tug of war in Bitcoin near the psychologically important $20K continues. After losing 4.7% to $19.9K on Wednesday, the first cryptocurrency returned to $20.4K on Thursday morning...

23 Jun 2022

Cryptocurrencies are attracting investors, but it will pass
Cryptocurrencies are attracting investors, but it will pass

Bitcoin rallied from $20.5K to $21.6K during the day on Tuesday but later reversed to decline and went back on Wednesday morning. Ether corrected deeply...

22 Jun 2022

Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally

Bitcoin has rebounded 5% in the past 24 hours, trading at $20,800. Ethereum has recovered 6.4% to $1130 in the same time frame. Leading altcoins in the top 10 are adding from a modest 3.5%...

21 Jun 2022

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