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ALGO Price
Algorand ALGO
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Within the last 24h, these are the crypto assets with the highest trading volume in the market
ALGO Price

Algorand Price ALGO

$0.340(0.15%)(1D)

ALGO Price Chart

18%
Past Month
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1W
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*Past performance is not an indication of future results
Asset negative trend

The Algorand price is on the decline this week.

i
A ‘rising’ price indicates that the weekly price has increased by more than 0.5%.
A price ‘on the decline’ indicates that the weekly price has decreased by more than 0.5%.
A ‘stable’ price indicates that the change in weekly price is between -0.5% and 0.5%.
The Algorand price today is 0.34, a 0.15% change in the last 24 hours and -12.14% in the past week. Algorand’s 24-hour trading volume is 420.25M and its current market capitalization is 2.99B. Algorand price changed by 53.11% in the past year.
Market Cap
i
The total value of a cryptoasset, found by multiplying the price by the total number of coins in circulation.
$2.99B
Day's Range
i
Shows the high and low prices of the day.
0.28 - 0.37
52 Week Range
i
Shows the high and low prices of the last year.
0.09 - 0.61
Volume (1D)
i
A measure of how much of an asset was traded in the last day.
420.25M
Market Rank
i
This crypto’s rank against other crypto by market cap.
46
All time high
i
The highest recorded price of an asset since its launch.
$2.88
All time low
i
The lowest recorded price of an asset since its launch.
$0.08
Price Change YTD
i
The amount the price of an asset has changed in the current calendar year.
51.21
What Is Algorand?
Algorand is a decentralised network that aims to accelerate cryptocurrency transactions. Computer scientist Silvio Micali, MIT professor and recipient of the Turing Award, founded the decentralised virtual currency and transaction platform in 2019. In conjunction with fellow academic Jing Chen, Micali developed the Algorand whitepaper that set out how the platform would aim to resolve blockchain scaling problems through fast and effective user consensus.

Algorand is based on a proof-of-stake (PoS) agreement process. This establishes the distribution of rewards to ALGO cryptocurrency holders, and randomly selects users to propose and vote on blocks, with a user’s stake in the system being proportional. Algorand’s design, with its decentralised finance (DeFi) capabilities and smart contracts, aims to reduce governance issues such as forks. Algorand’s novel approach secured $62 million in funding in 2018 from an investment group representing individuals and organisations from the venture capital, cryptocurrency, and financial services industries. However, the technology has not yet seen much testing under real-world market conditions.

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Create an eToro account:

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02

Deposit funds:

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03

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FAQ

The current price of ALGO is 0.34
The market capitalisation of Algorand is 2.99B
Algorand's all-time high is 2.88
Algorand has a 24-hour trading volume of 420.25M
Select the "1D" or "1W" timeframe on the eToro chart and zoom out to see the historical price movements of Algorand. The price of Algorand has ranged between 0.09 and 0.61 over the last year.
Algorand is very secure. Cryptocurrencies are encrypted using cryptography, which means that Algorand transactions cannot be tampered with.
To buy ALGO, visit the "Algorand (ALGO)" page. Once you have created an account and deposited funds, click the "Trade" button and decide how much Algorand you want to purchase. You can also place an order that will buy ALGO at a specific price in the future.
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