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    Algorand

    ALGO

    Rank #68

    $0.2382

    -10.95%
    24H Low$0.2363
    $0.271324H High
    24H Volume
    $122.78 M
    All-Time High(ATH)
    $3.56
    All-Time Low(ATL)
    $0.08751
    Market Cap
    $1.92 B
    Fully Diluted Valuation
    $1.92 B
    Market Cap/FDV
    100%
    Circulating Supply
    8.07 B ALGO
    Total Supply
    8.07 B ALGO
    Max Supply
    10 B ALGO
    Market Sentiment
    Positive
    * Data from 3rd parties

    Algorand (ALGO) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.006337
    -2.66%
    24H
    $-0.02609
    -10.95%
    7D
    $-0.04398
    -18.46%
    30D
    $+0.05728
    +24.04%
    1Y
    $+0.02085
    +8.75%

    Credibility Indicators

    87.28

    Reliability Score

    Rank #1

    # 191

    Percentile

    TOP 5%

    Team Members

    Silvio Micali

    Silvio Micali

    Founder

    Gary Malouf

    Gary Malouf

    CTO

    Michele Quintaglie

    Michele Quintaglie

    CMO

    Matthew Commons

    Matthew Commons

    CFO

    Investors

    Multicoin Capital

    Multicoin Capital

    NGC Ventures

    NGC Ventures

    Shima Capital

    Shima Capital

    Arrington XRP Capital

    Arrington XRP Capital

    Kenetic Capital

    Kenetic Capital

    Union Square Ventures

    Union Square Ventures

    Eden Block

    Eden Block

    Lemniscap

    Lemniscap

    Live Algorand (ALGO) Price Update

    Algorand price today is $0.2382 with a 24-hour trading volume of $122.78 M, and as such Algorand has a market cap of $1.92 B, giving it a market dominance of 0.072%. The Algorand price moved -10.95% in the last 24 hours.

    Algorand reached its highest price on 2019-06-20 when it was trading at its all-time high of $3.56, while its lowest price was recorded on 2023-09-11 when it was trading at its all-time low of $0.08751. The current lowest price since the last cycle high was $0.08751, and the highest price since the last cycle low was $3.56. The social sentiment of Algorand is currently Positive.

    The current circulating supply of Algorand is $8.07 B ALGO. In terms of market cap, Algorand is currently ranked 68.

    About Algorand (ALGO)

    Algorand is a blockchain project led and developed by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), a G ö del prize winner and a Turing Award winner. The project successfully raised a round of seed financing of US $4 million. The investors include well-known venture capitalists pillar and Union Square ventures. Algorand does not introduce incentive mechanism or issue digital cryptocurrency. The project itself has broad market space. It improves the efficiency of blockchain and expands the application prospect of blockchain through Ba * consensus mechanism, password lottery and other technological innovations, and enjoys a high reputation in Silicon Valley.

    FAQs

    1. What determines the price movement of Algorand?

    There are two schools of thought in determining the price of Algorand.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Algorand, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Algorand from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Algorand on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Algorand as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Algorand and the cryptocurrency market as a whole.

    Algorand Tokenomics

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    Algorand Analysis

    Algorand (ALGO) News

    Date
    Market Cap
    Volume
    Open
    Close
    2024-03-19
    $1.97 B
    467562.43 ALGO
    $0.2446
    N/A
    2024-03-18
    $2.14 B
    762079.6 ALGO
    $0.2656
    $0.2446
    2024-03-17
    $2.11 B
    535876.97 ALGO
    $0.2614
    $0.2656
    2024-03-16
    $2.36 B
    388159.7 ALGO
    $0.2922
    $0.2614
    2024-03-15
    $2.51 B
    232806.88 ALGO
    $0.3115
    $0.2922
    2024-03-14
    $2.53 B
    652530.32 ALGO
    $0.3136
    $0.3115
    2024-03-13
    $2.5 B
    638259.97 ALGO
    $0.3106
    $0.3136
    2024-03-12
    $2.35 B
    653403.63 ALGO
    $0.2918
    $0.3106