cryptocurrency widget, price, heatmap
arrow
Burger icon
cryptocurrency widget, price, heatmap
Cryptocurrencies/Coins/Algorand (ALGO)
Algorand price, market cap on Coin360 heatmap

Algorand(ALGO)

Arrow icon
Add to Watchlist
$0.142608
(4.07%)
0.00000243 BTC
Market Cap (Rank#65)
$1,173,427,717
19,956 BTC
Vol 24h
$10,658,248
181.257 BTC
Circulating Supply
8,228,339,287.79
Max Supply
10,000,000,000
4 days agonulltx
Analyst Recommends 3 Altcoins That Could Still Go 100x: Algotech (ALGT) Tops List Over Near Protocol (NEAR) and Worldcoin (WLD)
The cryptocurrency market has been experiencing significant volatility, with major coins showing fluctuating trends. Despite this, the market continues to present opportunities for substantial gains through strategic investments in promising altcoins. An analyst has identified three altcoins that have the potential to deliver 100x returns: Best Altcoin Algotech (ALGT), Near […]
10 days agonulltx
Algotech (ALGT) Switches Gears as Traders Accumulate AI Token Over Render (RNDR) and Fantom (FTM)
Amid a dynamic cryptocurrency marke­t, a notable shift in investor intere­st toward emerging AI-focused toke­ns is evident. Algotech (ALGT) stands out as a frontrunne­r, experiencing a notable­ rise in popularity despite marke­t volatility. Meanwhile, Rende­r (RNDR) and Fantom (FTM) are encountering hurdle­s in sustaining their growth momentum. Render (RNDR) Struggles […]
18 days agonulltx
Tether To Halt USDT Support On EOS and Algorand, Shifting Focus To Community-Driven Blockchain Support
Tether has announced a strategic transition to prioritize community-driven blockchain support, revealing plans to discontinue USDT support on EOS and Algorand. This transition will be completed within the next 12 months, marking a significant shift in Tether’s strategy. Tether announced a strategic transition to prioritize community-driven blockchain support. Tether will […]
19 days agocoindesk
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
20 days agonulltx
Best Altcoins to Get In Early: Algotech (ALGT) Leads Ahead of Polkadot Developments and Chainlink Price Prediction
The cryptocurrency market thrives on constant innovation. Identifying promising altcoins early on can be a recipe for significant investment returns. This article delves into three exciting contenders: Algotech (ALGT), Polkadot (DOT), and Chainlink (LINK). Each project offers unique value propositions that could position them as the Best Altcoins for early […]
23 days agonulltx
Return of the Memecoins: PEPE Leads Ahead of SHIB in Historic Resurgence, While Algotech Presale Shatters Record Surpassing $9 Million
Get ready for a double dose of excitement in the crypto market! Memecoins are back in the spotlight, with PEPE leading the charge and Shiba Inu (SHIB) hot on its heels. Meanwhile, Algotech, a revolutionary DeFi project, is shattering records with its groundbreaking presale that surpassed a staggering $9 million. […]
25 days agonulltx
Solana’s Biggest Investors are Investing in Algotech At Record Rates, Technicals Suggest 75% Rally On The Cards
Recently, significant attention in the cryptocurrency market has been drawn towards Algotech, a project that has garnered the interest of prominent investors. Surprisingly, leading supporters of Solana (SOL) have been rapidly investing in this emerging algorithmic trading platform. This surge in funding, along with optimistic technical signals, has led many […]
25 days agonulltx
Institutional BTC Whales Shift Away From Legacy Altcoins Like Solana (SOL) To Invest in Algotech (ALGT), Here’s Why!
The cryptocurrency sector has witnessed a surge in activity driven by institutional Bitcoin (BTC) whales who are making substantial shifts in their investments, moving away from established altcoins to upcoming projects. Recent data reveals that prominent figures in the crypto industry are divesting from Solana (SOL) and investing in the […]
29 days agonulltx
Best Cryptos ICOs in Bearish Market: Algotech (ALGT) Leads Against BlockDAG (BDAG) and PEPE With $6.6M Raised
The crypto market has been bleeding red over the last couple of weeks, with many established players taking double-digit hits. Many crypto ICOs seem unaffected as they continue to gain more volume, with projects like Algotech (ALGT) leading the pack and BlockDAG (BDAG) and PEPE following.  Can BlockDAG (BDAG) scale […]
30 days agonulltx
Near Protocol (NEAR) and Dogwifhat (WIF) take massive hits, while Algotech (ALGT) soars with CEX Listing.
Near Protocol (NEAR) and Dogwifhat (WIF) Record Massive Losses, Algotech (ALGT) Stands Tall With CEX Listing No cryptocurrency has been left unscathed in the recent  market correction. Big players like Near Protocol (NEAR) and Dogwifhat (WIF) among other projects have recorded up to -10% and above losses. However, projects like […]
32 days agonulltx
Price Predictions For Arbitrum And Ethena; Algotech (ALGT) Emerges As A Next-Generation DeFi Platform
Embark on a journey into the heart of decentralized finance as we delve into the intriguing realm of price forecasts for Arbitrum (ARB) and Ethena (ENA), two pillars shaping the future of crypto. Concurrently, Algotech (ALGT) emerges as a trailblazing DeFi platform poised to redefine how we interact with financial […]
98 days agocoindesk
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
157 days agocryptodaily
Algotech (ALGT) Presale Soars as It Challenges Industry Leaders Solana (SOL) and Cardano (ADA)
In the rapidly evolving landscape of blockchain and cryptos, a new contender has emerged to challenge the established giants like Solana (SOL) and Cardano (ADA).
162 days agocryptopotato
Wombat Exchange Releases First Single-Sided Volatile Pool AMM in DeFi
[PRESS RELEASE – Hong Kong, Hong Kong, February 2nd, 2024] Wombat Exchange, a leading multi-chain and cross-chain single-sided stablecoin swap, published the first-ever single-sided Volatile Pool Automated Market Maker (AMM) algorithm in the decentralized finance (DeFi) space. This groundbreaking development marks a new era in DeFi, providing the very first oracle-less, user-friendly single-asset-deposit, and capital-efficient […]
164 days agocryptodaily
Ethereum (ETH) and Toncoin (TON) Face Bearish Pressure as Algotech (ALGT) Presale Looks Attractive for Investors
Explore Ethereum's $1B sell-off, MyTonWallet V17 for Toncoin, and Algotech's $1.1M success shaping DeFi in this crypto update.
165 days agocryptodaily
A Deep Dive Into the Unique Offerings of Render (RNDR), Filecoin (FIL), and Algotech (ALGT)
Dive into the unique offerings of top crypto coins: Render (RNDR), Filecoin (FIL), and Algotech (ALGT). Explore their bullish potential now! Keywords:
166 days agocryptodaily
(NEWS) As New Narratives Form for Cronos (CRO) and AAVE, Investors Reckon Algotech (ALGT) Presents the Best Presale This Year
Learn what Cronos (CRO) and AAVE have to offer as Algotech (ALGT) demonstrates the prospect of high Roi after the best presale this year.
166 days agocryptodaily
(NEWS) As New Narratives Form for Cronos (CRO) and AAVE, Investors Reckon Algotech (ALGT) Presents the Best Presale This Year
Learn what Cronos (CRO) and AAVE have to offer as Algotech (ALGT) demonstrates the prospect of high ROI after the best presale this year.
168 days agocryptopotato
Algorand Foundation CEO’s X Account Hacked
Hacker compromises Warden's X account, promoting the sale of ALGO for ETH and offering an ETH giveaway linked to the drop in ALGO price.
170 days agocryptopotato
Algotech Presale Raised $1.1 Million In 2 Days And is Transforming the DeFi Landscape
[PRESS RELEASE – London, United Kingdom, January 24th, 2024] Algotech (ALGT) is revolutionizing cryptocurrency trading with its advanced decentralized algorithmic trading platform, disrupting traditional manual trading methods. By utilizing cutting-edge algorithms and blockchain technology, Algotech ensures transparency, immutability, and security, overcoming the limitations of manual trading. Its platform is tailored for the dynamic realm of […]
170 days agocryptodaily
Algotech Presale Raised $1.1 Million In 2 Days And is Transforming the DeFi Landscape
Algotech Presale Raised $1.1 Million In 2 Days And is Transforming the DeFi Landscape
170 days agocryptodaily
Multiplying Your Investment Tenfold: Can Algotech Turn $100 Into $1000 in the Crypto Market by 2025?
Invest in Algotech (ALGT), one of the best cryptos to invest in for profits, growth, and dividends. A transformative crypto experience awaits!
177 days agocryptodaily
Algorand’s New Update Speeds Up Block Time By 20%
The latest Dynamic Lambda upgrade on the Algorand blockchain has successfully sped up the process by shaving off 20% of the block time.
182 days agocryptopotato
Algorand Investors Face Setbacks, 88% of ALGO Holders in Loss: Analysis
Algorand’s challenges are not affecting the network’s usage and transaction volume, which are rising.

About Algorand?

The live price of Algorand (ALGO) today is 0.142608 USD, and with the current circulating supply of Algorand at 8,228,339,287.79 ALGO, its market capitalization stands at 1,173,427,717 USD. In the last 24 hours ALGO price has moved 0.001127 USD or 0.01% while 9,840,327 USD worth of ALGO has been traded on various exchanges. The current valuation of ALGO puts it at #65 in cryptocurrency rankings based on market capitalization.

Learn more about the Algorand blockchain network and how it works or follow the price of its native cryptocurrency ALGO and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in June 2019 by the Turing Award winner and MIT Professor Silvio Micali, Algorand (ALGO) is an open-source, decentralized and "self-sustaining" blockchain, which intends to solve the blockchain trilemma - that any such network can at most have two out of three important properties, namely: security, scalability and decentralization.

The main purpose of creating Algorand is to improve the efficiency and transaction speed of other blockchains like Bitcoin and Ethereum, while reducing the transaction costs. In order to accomplish this, Algorand uses a special, more scalable, ‘Proof of Stake’ consensus mechanism referred to as ‘Pure Proof of Stake’ (PPoS), which secures its network.  

While the core development of Algorand protocol is managed by the Boston-based private corporation Algorand Inc., the umbrella organization Algorand Foundation oversees the decentralization, ecosystem growth, on-chain governance, cryptographic research and award funding of the Algorand network.

ALGO price

Algorand was funded through an Initial Coin Offering (ICO) in June 2019, at a price of $2.4 per coin. Its value appreciated quickly by almost 50% within a few days of launch, with the coin reaching its all-time high of $3.56 on June 20, 2019. ALGO’s fully diluted valuation crossed $35 billion that day. Its value dropped gradually thereafter, dipping to $0.16 by late September, and closing the year at around $0.2, according to our ALGO live price chart.

The price of ALGO, in USD terms, rallied again in February 2020, touching $0.50 before correcting down below $0.1 in the March 2020 crypto crash. Its next big jump came in August 2020, as it peaked around $0.75 before another correction saw it ending the year below $0.35.

2021 was a good year for crypto markets in general, and ALGO also continued to attempt a breach of $2, before finally succeeding in September 2021, and even went on to test $3 in November. However, the year ended around $1.8 for ALGO.

2022 saw a sharper decline in ALGO's price, where the cryptocurrency was trading around $0.35 in May 2022.

How ALGO works

Algorand employs something known as Pure Proof-of-Stake (PPoS) consensus mechanism to secure its network and validate transactions. PPoS was developed by Silvio Micali and is meant to provide scalability, decentralization and security, in a sustainable and eco-friendly manner.

Anyone can participate as a validator, depending upon the amount of ALGO coins they hold in their wallet, as compared to ALGO holdings of other interested participants. The ‘Pure’ in PPoS implies that the participants can freely come and go, without the need of locking up their ALGO coins for a specific time period.

ALGO, the native coin of the Algorand blockchain, is used to pay for transactions done on the Algorand network. You can also use ALGO for staking purposes and to participate in the functioning and governance of the Algorand network. At the time of writing, ALGO holders have staked over $3.9 billion ALGO for simultaneous participation in Decentralized Finance (DeFi) and Algorand governance, by the ALGO holders. 

Algorand has an average transaction throughput of 11 TPS, while 1,100 transactions can be processed per second at peak. The block creation time is well under 5 seconds and the average transaction fee for using the network’s resources is 0.002 ALGO. Algorand blockchain is actively used to deploy and run DeFi apps as well as mint non-fungible tokens (NFTs).

ALGO news, updates and highlights

In an important ALGO news, Six Clovers, a Fintech infrastructure provider led by former Ripple and PayPal executives, launched a cross-border payments network on Algorand, in June 2021. It uses fully regulated stablecoins to facilitate global transactions between merchants, payment providers and banking establishments. The same month Arrington Capital also launched a $100 million ecosystem fund, to promote project development and coin minting on the Algorand blockchain. Both these developments contributed positively to ALGO price action in 2021.

In another major news for ALGO, the Algorand Foundation put up a $20 million fund in February 2022 to accelerate development on its ecosystem. From the fund, $10 million were awarded as a grant to Applied Blockchain, for building a trustless bridge called ‘London Bridge’. This initiative holds great significance for the Algorand network as it will connect the blockchain with Ethereum’s robust dApp ecosystem, thus bringing in more liquidity.

Frequently asked questions about ALGO

  • Is it possible to mine or stake ALGO?

While you cannot mine ALGO coins, it’s certainly possible to stake ALGO to earn staking rewards.

  • What are some of the best ALGO wallets?

Algorand recommends the mobile Pera wallet to store your ALGO coins. However, you can also opt for other popular choices like Ledger Nano X, Atomic Wallet and Trust Wallet.

  • What can you do with ALGO cryptocurrency?

You can use your ALGO coins to pay fees for using apps running on the Algorand network. It’s also possible to stake ALGO to participate in Algorand’s operations and governance. In addition, the coin can be used to trade against other crypto assets on well-known exchanges, as well. 

  • How to buy ALGO coins?

The ideal way to buy ALGO is on established crypto exchanges. You may use fiat currency to buy ALGO or exchange your already-owned crypto coins for ALGO. Use trading pairs like ALGO/XRP, ALGO/USDT, ALGO/BTC, ALGO/MATIC, ALGO/ETH and so on, to make the purchase.

Algorand Price0.142608 USD
Market Rank#65
Market Cap1,173,427,717 USD
24h Volume10,658,248 USD
Circulating Supply8,228,339,287.79 ALGO
Max Supply10,000,000,000 ALGO
Yesterday's Market Cap1,137,969,536 USD
Yesterday's Open / Close0.137172 USD / 0.138299 USD
Yesterday's High / Low0.138313 USD / 0.134276 USD
Yesterday's Change
0.01% ( 0.001127 USD )
Yesterday's Volume9,840,327 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
twitter iconreddit icontelegram iconmedium icon
Source Code
cryptocurrency widget, price, heatmap
v 5.6.31
© 2017 - 2024 COIN360.com. All Rights Reserved.