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    Cryptocurrencies Algorand
    USD
    $0.229394 $ 0.229394
    +¥5204,24 -3.3% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    1.64B
    24H Volume
    50.87M
    Circulating Supply
    7.13B ALGO
    Max Supply
    10B ALGO
    All Time High
    3.56
    Rank
    32

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    • About Algorand (ALGO)

      Algorand, Inc. in Boston is responsible for the design and development of the Algorand platform. In 2017, the company was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology and a Turing prize winner. The test network will be listed in April 2019, and the mainnet will be launched in June 2019.

      Algorand is a cryptocurrency platform based on blockchain, aiming at security, high scalability and decentralization. The Argoland platform supports smart contract functions. Its consensus mechanism is based on the principle of proof of stake and Byzantine consensus protocol. The platform's native cryptocurrency is called Algo. In addition, using Algorand, you can also create a customLayer 1 blockchain.


      How does Algorand (ALGO) work?

      Algorand's pure proof of stake consensus mechanism helps to decentralize the power in the traditional proof of stake model. Anyone who wants to participate and stake (even if the amount is small) has the opportunity to be randomly selected as a validator or block proposer.

      ALGO is the native token of Algorand, with a maximum supply of 10 billion. The goal of the project is to complete distribution by the end of 2030. You can earn ALGO by holding at least one ALGO in an unmanaged-type wallet, and APY is expected to reach approximately 5-8%.

      ALGO is suitable for investors who want to passively obtain returns without staking tokens. You can also use tokens to pay network transaction fees and stake when generating consensus.


      What is Algorand (ALGO)?

      Algorand is a decentralized, efficient and sustainable blockchain platform designed to support various types of economic models, from decentralized finance to NFT digital art. Algorand relies on pure proof of share (PPOS consensus mechanism) to solve the problems of decentralization, security and scalability of blockchain. Another unique feature of Algorand is that it has cooperated with ClimateTrade to establish a negative carbon network and is determined to become the greenest blockchain.

      Like other ecosystems, Algorand introduces its native currency ALGO into the economy, enabling users to pay transaction fees based on Algorand and have the right to govern the community.


      Algorand (ALGO) Crypto Wallet

      In addition to placing ALGO in the Gate.io exchange to facilitate trading, ALGO can also be placed in the crypto wallet.

      The safe and open source community driven Pera wallet is the simplest and safest way to store, purchase and exchange on the Algorand blockchain.

      Pera wallet is built and maintained by Hipo's expert team, which is the team behind Tinyman, Vesta Equity, Aorist, Algorand governance platform and many other successful Algorand projects.

      Pera wallet is fully committed to the Algorand ecosystem.
      Expand
    • Algorand Market

      Currency Price 24H Change Action
      Algorand
      ALGO /USDT
      3X Margin
      $0.229394 -3.3% Trade
      Algorand
      ALGO /USDT
      Perpetual
      $0.2196 -6.71% Trade
      Algorand
      ALGO /USDT
      Spot
      $0.229394 -3.3% Trade

    Algorand FAQs

    • 1. What determines the price 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.

      HODLers 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.
    • 2. What is the highest price of Algorand in history?
      Algorand achieved the all-time high of $3.56 in 2019-06-20, and is currently trading at $0.23.
    • 3. What is the lowest price of Algorand in history?
      In 2020-03-13, Algorand reached the all-time low of $0.11.
    • 4. Should I buy Algorand now?
      It is important to remember that Algorand, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Algorand News

    News
    Announcements
    Market Trend|FDIC Calls To Limit Stablecoins To Permissioned Blockchains, Algorand’s On-Chain Activity Soars By 60%

    Market Trend|FDIC Calls To Limit Stablecoins To Permissioned Blockchains, Algorand’s On-Chain Activity Soars By 60%

    After what appeared to be the cryptocurrency market’s re-entry into the decimating bear market, that is plaguing the international economic stage, last week, the market appears to have rebounded amidst growing bullish sentiments. With the likes of Polygon seeing a 13.41% rebound and Ethereum climb...
    Source: Gate.blog Posted: 2022-10-21
    Gate.io AMA: Are Algorithmic Stablecoins Really Stable?

    Gate.io AMA: Are Algorithmic Stablecoins Really Stable?

    [//]:content-type-MARKDOWN-DONOT-DELETE **Q: As an innovative type of stablecoin in the DeFi world, the question is how algorithmic stablecoin can realize a low or even zero mortgage rate step by step under the design of DeFi excess mortgage, and finally change the currency supply through automatic...
    Source: Gate.blog Posted: 2022-10-09
    Algorand Boosters Push Back on Helium’s Proposed Move to Solana

    Algorand Boosters Push Back on Helium’s Proposed Move to Solana

    Decentralized Wi-Fi network Helium Network has proposed moving to the Solana blockchain. But a Solana competitor has another idea.
    Source: coindesk Posted: 2022-09-12
    Algorand Foundation Seeks 'Legal Remedies' to Reclaim $35M Hodlnaut Deposit

    Algorand Foundation Seeks 'Legal Remedies' to Reclaim $35M Hodlnaut Deposit

    The $35 million hole in the form of the stablecoin USDC is claimed to be less than 3% of the Algorand Foundation’s assets.
    Source: decrypt Posted: 2022-09-12
    Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

    Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

    The Foundation stated that it is “pursuing all legal remedies to maximize asset recovery.”
    Source: cointelegraph Posted: 2022-09-12
    Algorand upgrade boosts speed, adds trustless cross-chain communication

    Algorand upgrade boosts speed, adds trustless cross-chain communication

    Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade.
    Source: cointelegraph Posted: 2022-09-08
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