Algorand Price

Track Algorand Price Today, Live ALGO Price Chart & Market Cap

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Algorand Price Live Data

24H Range
$?0.141494
24H Range
$?0.147555
52W Range
$?0.087583
52W Range
$?0.327902
ATH & ATL Range
$?0.084597
ATH & ATL
$?4.77
Algorand Price$?0.147337
Market Cap$?1.20B
Diluted Market Cap $?1.47B
24H Volume$?146.44M
Vol. / M. Cap Ratio 0.1217
Dominance 0.05%
ATH $?4.77 (-97%)
ATH Date Jun 21, 2019
ATL $?0.084597
ATL Date Aug 17, 2023
Cycle Low $?0.084597
Cycle High $?0.327902
Circ. Supply 8.17B (82%)
Total Supply 10.00B
Max Supply 10.00B
Supply Inflation 4.32% (Medium)
Volatility 8.33% (High)
PlatformALGO
Release Date Jun 20, 2019
Fear & Greed Index 56 (Greed)
Sentiment Neutral
Show more ↓

Algorand price today is $?0.147337 with a 24-hour trading volume of $?146.44M, market cap of $?1.20B, and market dominance of 0.05%. The ALGO price increased 4.28% in the last 24 hours.

Algorand reached its highest price on Jun 21, 2019 when it was trading at its all-time high of $?4.77, while Algorand's lowest price was recorded on Aug 17, 2023 when it was trading at its all-time low of $?0.084597. The lowest price since it's ATH was $?0.084597 (cycle low). The highest ALGO price since the last cycle low was $?0.327902 (cycle high). The Algorand price prediction sentiment is currently neutral, while Fear & Greed Index is showing 56 (Greed).

Algorand's current circulating supply is 8.17B ALGO out of max supply of 10.00B ALGO. The current yearly supply inflation rate is 4.32% meaning 338.25M ALGO were created in the last year. In terms of market cap, Algorand is currently ranked #12 in the Proof-of-Stake Coins sector, ranked #3 in the Algorand Network sector and ranked #31 in the Layer 1 sector.

Highlights

  • Price has increased by 53% in the last 1 year
  • Has liquidity based on its market cap
  • Trading on KuCoin

Risk Analysis

  • Outperformed by 62% of the in 1 year
  • Outperformed by and
  • Trading below the
  • Negative performance compared to
  • Only in the last 30 days (47%)
  • Down -97% from all-time high
  • Yearly inflation rate is
See All Risk Checks

Algorand Token Sale

Initial Price $?2.40
Start DateJun 19, 2019
End DateJun 19, 2019
ROI [USD]0.06x
ROI [BTC]0.01x
ROI [ETH]0.01x
TypeIEO
LaunchpadBgogo
More InfoAlgorand IEO

The price of Algorand in the IEO was $?2.40 and the token sale ended on Jun 19, 2019. Since then, ALGO price decreased 0.06x against US Dollar, decreased 0.01x against Ethereum and decreased 0.01x against Bitcoin. To learn more about Algorand IEO click here.

Algorand Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
AlgorandUS Dollar ALGO/USD 0.59%4.28%26.08%8.17%-22.33%-27.68%-34.76%52.76%-85.99%-72.59%-75.77%
AlgorandBitcoin ALGO/BTC 0.32%0.09%16.84%9.12%-16.28%-41.12%-56.78%-38.23%-89.41%-95.58%-96.55%
AlgorandEthereum ALGO/ETH -0.79%-0.39%17.61%21.74%5.86%-19.50%-46.18%-9.97%-84.02%-98.14%-97.70%
AlgorandTether ALGO/USDT 0.59%4.28%26.08%8.17%-22.33%-27.68%-34.76%52.76%-85.99%-72.59%-75.77%

Algorand price in US Dollar has increased by 8.17% in the last 1 month. ALGO is up 21.74% against Ethereum and up 9.12% against Bitcoin in the last 1 month.

Algorand Quarterly Returns

YearQ1Q2Q3Q4Total
2019--138.00%-82.76%-13.31%-64.43%
2020-28.97%35.60%66.15%-3.36%54.65%
2021309.60%-35.56%84.31%1.96%396.02%
2022-43.99%-66.06%12.01%-51.28%-89.63%
202331.23%-46.07%-15.22%117.08%30.26%
202419.37%-46.18%------
Average 57.45%-3.38%12.90%10.22%65.37%

The top-performing year for Algorand was 2021 when the price of ALGO increased by 396.02% from $?0.334476 to $?1.659052. The worst performing year for Algorand was 2022 when the price dropped by -89.63% from $?1.659052 to $?0.172109. The average yearly growth of Algorand over the last 6 years is 65.37% per year. Usually, Algorand performs best in Q1 with an average of 57.45% gain and worst in Q2 with -3.38% loss.

Algorand Price Closing History by Level

PriceDays Above% of Algorand's Life
$?4.77 ATH--
$?4.0010.05%
$?3.0020.11%
$?2.00191.00%
$?1.90311.64%
$?1.80623.28%
$?0.147337 Price Now164887.06%
$?0.14166888.11%
$?0.13171690.65%
$?0.12175192.50%
$?0.11180395.25%
$?0.10183797.04%

The table above shows the number of days which Algorand closed above a certain price level.

Algorand Price & ROI on this Date

DatePriceROI
Aug 24, 2024 Today$?0.147337-
Aug 24, 2023$?0.0986849.31%
Aug 24, 2022$?0.307739-52.12%
Aug 24, 2021$?1.158714-87.28%
Aug 24, 2020$?0.613747-75.99%
Aug 24, 2019$?0.542402-72.84%

The table above shows the price and ROI of Algorand today and previous years on the same date (Aug 24).

ALGO Exchanges

Algorand is being traded on 61 cryptocurrency exchanges, including Binance and KuCoin. $?146.44M worth of Algorand changed hands in the last 24 hours. If you wish to purchase ALGO, check our guide on how to buy Algorand in 6 steps.

ExchangePrice Volume Action
Binance$?0.147706$?4.36M$?0.147706$?4.36M Trade Now
KuCoin$?0.147463$?853,138$?0.147463$?853,138 Trade Now
Kraken$?0.147772$?240,527$?0.147772$?240,527 Trade Now
Bybit$?0.147711$?1.11M$?0.147711$?1.11M Trade Now
OKX$?0.147587$?634,883$?0.147587$?634,883 Trade Now
gate.io$?0.147618$?321,760$?0.147618$?321,760 Trade Now
Binance Futures$?0.147568$?11.56M$?0.147568$?11.56M Trade Now
PrimeXBT$?0.147368$?30,308$?0.147368$?30,308 Trade Now
MEXC$?0.147671$?583,702$?0.147671$?583,702 Trade Now
AscendEX$?0.147701$?1.36M$?0.147701$?1.36M Trade Now

About Algorand

Algorand is a cryptocurrency that uses a proof-of-stake consensus mechanism. Launched in 2019, Algorand was initially developed by Algorand Inc., a company founded by Silvio Micali. Micali is a computer science professor at the prestigious MIT university and is a recipient of both the Turing Award and the G?del Prize.

Key Algorand Features:

  • A blockchain platform based on pure proof-of-stake (PPoS)
  • Permissionless network where anyone can participate in the consensus process
  • Fast transactions with immediate finality
  • Supports custom assets and smart contracts

Algorand’s consensus protocol is called pure proof-of-stake (PPoS). In Algorand, the process of staking is not delegated, and each user receives a reward proportional to their stake when a new block is added to the Algorand blockchain. Each holder of ALGO can participate in the blockchain’s consensus process. The protocol’s design is also geared towards preventing hard forks.

ALGO can be used in a manner similar to Bitcoin, for simple peer-to-peer value transfers. Transactions are completed in a matter of seconds and transactions achieve finality as soon as they are included in a block.

However, the Algorand blockchain also allows users to create custom assets, opening up the possibility for using Algorand to tokenize real-world assets or issue tokenized securities. The tokens that can be created on Algorand are referred to as Algorand Standard Assets (ASAs). 

The Algorand protocol also supports smart contracts written in a programming language called TEAL (Transaction Execution Approval Language). The smart contracts operate on Algorand’s first layer, improving efficiency. 

Atomic swaps are another feature supported by the Algorand protocol, and it makes it possible for different assets to be transferred between multiple parties simultaneously. 

Despite being a relatively new crypto asset, ALGO has already been listed on many of the world’s leading cryptocurrency exchanges including Binance, Coinbase Pro, Kraken and Bitfinex

On CoinCodex, you can stay up to date with the latest information regarding the Algorand price, market cap and news. 

FAQ

What is Algorand?

Algorand is a blockchain built with the purpose of creating a scalable cryptocurrency that facilitates efficient and safe value exchange. The main principles that Algorand follows are fast transactions, performance simplicity and adoption.

Algorand was founded by cryptography expert and MIT professor Silvio Micali. The project was founded in 2017 and raised over $60 million in a token sale on CoinList in June 2019. 

How does Algorand work?

Algorand uses a unique consensus mechanism called Pure Proof-of-Stake (PPOS). They created this mechanism in an attempt to address the main problems faced by Proof-of-Work and existing Proof-of-Stake mechanisms.

The PPOS mechanism is different for a few reasons. The PPOS mechanism makes it impossible for users with minor funds staked to cheat. It also makes cheating meaningless for users with large amounts of staked funds because they would have nothing to gain in an economic sense.

Another way this mechanism is different is because it doesn’t require the funds to be bonded for a set amount of time. Their money is always in the users wallet and can be spent on the network.

The transaction blocks on the network are created through two stage consensus: a proposal stage and a voting stage. Anyone who decides to participate in the consensus will be assigned their role at random, so manipulation is almost impossible to pull off. 

Algorand also supports smart contracts that are integrated into the blockchain’s main blockchain architecture, providing benefits to speed, security and scalability.

Algorand can handle over 1000 transactions per second, which is faster than most other popular blockchains. The platform also boasts immediate transaction finality and a developer-friendly design, as it supports multiple programming languages like Java, JavaScript and Python.

How to use Algorand?

In order to use Algorand, you’ll need to download and install an Algorand wallet. The project has created their own wallet, which can be downloaded from their official website.

If you’re interested in building on Algorand, you can find plenty of useful resources on the Algorand developer portal.

How is Algorand different?

Algorand is unique because of its Pure Proof-of-Stake consensus mechanism and scalability. The project is tackling some of the biggest challenges facing blockchains, such as decentralization, security and scalability. 

Why are ALGO tokens valuable?

ALGO tokens are utility tokens, and they have a few functions on the Algorand platform. Mainly, they can be staked, for which users will receive rewards. It can also be used to pay transaction fees and computations on DApps.

Other than this, they can be used for trading with other cryptocurrencies. ALGO is listed on a large number of exchanges, so they are a valuable trading asset.

Is ALGO a good investment?

Analysts are divided on the future of this token, with some saying that price will increase because of its technical innovations, while others think ALGO could underperform because of its tokenomics.

Whether you choose to invest in ALGO or not, you should keep in mind that nothing is ever certain in the crypto world and that prices can change dramatically in a short amount of time. If you do decide to invest, you should only invest an amount that you are willing to lose.

How do I get ALGO tokens?

ALGO tokens can be bought on a number of exchanges like Coinbase, Binance and Kraken. Since it is a relatively big cryptocurrency, ALGO is listed on most of the popular crypto exchanges. You should keep in mind that there will be some fees involved when buying ALGO, and that they vary depending on the exchange.

You can also earn ALGO tokens by staking them. By doing this, you can earn more ALGO tokens as a reward.

What is the current price of ALGO tokens?

On , the price of an ALGO token is .

How many ALGO tokens are left?

There are currently ALGO tokens on the market, with tokens available. The total supply of 10 billion ALGO will be reached in 2030.

Is Algorand safe?

Algorand is considered safe to use by the crypto community, as they have some standard security measures in place, along with some innovations. Mainly, their Pure Proof of Stake mechanism which randomly selects participants in the consensus process. This randomization provides additional security to the network and makes it more resilient to manipulation.

Of course, no crypto platform is ever completely safe, so we recommend doing your own research on this topic before joining their platform.

Is ALGO legal?

While a lot of countries are slowly warming up to the idea of using cryptocurrencies in their system, the legality status still varies between regions and countries. To see which countries have legalized cryptocurrencies, click here.

Where can you store ALGO?

ALGO can be stored in the official Algorand wallet, which can be downloaded from the app store. Other than that, it can be stored in many other online and offline wallets. Algorand is also supported by Ledger, which means that you can hold you ALGO coins in their hardware wallets, like the Ledger Nano S.

How do you cash out ALGO?

You can exchange ALGO for fiat currency like USD or EUR on Coinbase and Kraken. If your cryptocurrency exchange doesn’t offer a direct pairing between ALGO and a fiat currency, you can exchange your coins to BTC or ETH first and then cash out.

Are Algorand transaction fees high?

Algorand has low transaction fees. While the exact fee might depend on the software you’re using, you will typically only be paying 0.001 ALGO per transaction.

Algorand News

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ALGO
Algorand
$?0.147337
4.28% Last 24h
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