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Algorand Price, ALGO/USD Exchange Rates


Current Rating 19
Symbol ALGO
Logo
Price change, 1h 0.35%
Price change, 24h 9.24%
Price change, 7d 13.34%
ALGO current price $1.97
ALGO Market cap $12 144 777 230
Available supply 6 156 464 181 ALGO
Volume, 24h $462 193 744
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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 2.12%
2 ETH Information Ethereum 11.7%
3 BNB Information Binance Coin 0.88%
4 ADA Information Cardano 1.13%
5 USDT Information Tether 0.08%
6 SOL Information Solana 34.4%
7 XRP Information XRP 1.28%
8 DOT Information Polkadot 8.85%
9 DOGE Information Dogecoin 4.68%
10 USDC Information USD Coin 0.09%
11 LUNA Information Terra 19.35%
12 SHIB Information SHIBA INU 43.54%
13 UNI Information Uniswap 4.21%
14 LINK Information Chainlink 26.24%
15 AVAX Information Avalanche 20.74%
16 WBTC Information Wrapped Bitcoin 2.26%
17 LTC Information Litecoin 5.78%
18 BUSD Information Binance USD 0.1%
19 ALGO Information Algorand 13.34%
20 BCH Information Bitcoin Cash 2.21%
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