Algorand Price in US Dollar (ALGO to USD)

  
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$0.21

-1.01% (24H)
Low $0.22
High $0.23
  • Market Cap $1.80 B
  • Volume $127.44 M
  • Available Supply 8.48 B ALGO

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Date Price Volume MarketCap

Algorand Price Today ( ALGO to USD ) is $0.21 with market capitalization is $1.80 B. ALGO price experienced -1.01% down in last 24 hours.

About Algorand (ALGO)

Algorand (ALGO) is a decentralized blockchain platform designed for speed, scalability, and security. Founded by Turing Award winner Silvio Micali, Algorand employs a unique Pure Proof-of-Stake (PPoS) consensus mechanism, allowing for rapid transaction processing and minimal latency. This enables the seamless execution of smart contracts and the development of decentralized applications (dApps). The platform's architecture supports a wide range of use cases, from decentralized finance (DeFi) to supply chain management. Algorand prioritizes environmental sustainability, as its energy-efficient model significantly reduces carbon footprints compared to traditional proof-of-work systems. With a growing ecosystem, partnerships, and a commitment to innovation, Algorand is positioned as a formidable player in the evolving blockchain landscape, offering solutions for both developers and enterprises.

  • Name: Algorand
  • Symbol: (ALGO) ALGO price
  • First Date: 2019
  • Max Supply: 10,000,000,000 ALGO
  • Mineable: No
  • Blockchain: Algorand
  • Explorer Contract Address:

ALGO Price

The ALGO price data presented above reflects the latest real-time valuation of Algorand (ALGO), a prominent cryptocurrency notable for its innovative blockchain technology. This price is determined by the current market capitalization, which takes into account the total circulating supply of ALGO tokens and their prevailing market demand. As a decentralized platform designed to enable efficient and secure transactions, Algorand aims to address scalability and speed challenges in the blockchain space. Monitoring the ALGO price is essential for investors, traders, and analysts who seek to understand market trends and make informed decisions. By keeping an eye on real-time updates, stakeholders can better navigate the dynamic cryptocurrency market and capitalize on opportunities as they arise.

People

Silvio Micali, Steven Kokinos, Sean Lee, Gary Malouf, Matthew Commons, Michele Quintaglie.

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