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Algorand, founded in 2017, says it’s a permissionless, public and decentralized blockchain. It’s similar to Bitcoin or Ethereum in this respect. It’s designed to serve as a base-level blockchain protocol on which other dapps can be built and smart contracts operated.
One thing that makes Algorand different is that it claims to be highly scalable, so it’s not prone to the same bottlenecks or fee issues that Bitcoin or Ethereum frequently are. It uses a proof-of-stake system that provides immediate transaction finality, which eliminates a lot of the forking problems of earlier blockchains.
Algorand (ALGO) is the 37th largest cryptocurrency in the world by market cap, valued at $1,730,985,431. The current price of Algorand is $0.240432, which is -6.724% lower than yesterday. Prices have ranged between $0.25873 and $0.237848 over the past 24 hours. All prices are listed in US dollars and accurate as of January 31, 2023 04:01 UTC.
| Coin symbol | ALGO |
|---|---|
| Coin Marketcap | US$1,730,985,431 |
| Total ALGO supply | 7,434,211,157 |
| Circulating ALGO | 7,199,412,904 |
| Current price | US$0.240432 |
| All time high | US$3.56 |
| All time high date | June 20, 2019 |
| Notable team members | Silvio Micali |
| Partnerships | AIKON, Envision Racing |
| Industry | Decentralised finance |
| Token uses | Transaction fees, digital currency |
| Network | Algorand |
Historical prices compared with the price of US$0.240432.
| 1 hour | -0.39% |
|---|---|
| 24 hours | -6.72% |
| 7 days | -4.08% |
| 14 days | 2.57% |
| 30 days | 38.96% |
|---|---|
| 60 days | -0.53% |
| 200 days | -27.24% |
| 1 year | -74.57% |
Disclaimer: Cryptocurrencies, including Algorand, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ALGO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Algorand or any other cryptocurrency discussed.
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