Current Algorand (ALGO) Market Overview
The real-time Algorand price stands at $0.1749**, with a 24-hour trading volume of **$65,034,747. ALGO has experienced:
- 5.02% price drop in the last 24 hours
- 3.41% decline over the past 7 days
Key market metrics:
- Market Capitalization: $1,510,721,234 (Ranked #49)
- Circulating Supply: 8,636,099,863 ALGO
- Max Supply: 10,000,000,000 ALGO
👉 Track ALGO's real-time price movements for the latest updates.
Historical Perspective:
- Currently 94.67% below all-time high
- 110.58% above all-time low
What Is Algorand (ALGO)?
Algorand is a permissionless public blockchain platform designed for:
- Scalable decentralized applications (dApps)
- Frictionless value exchange
- Solving blockchain's "trilemma" (security, decentralization, scalability)
Key Differentiators:
- Pure Proof-of-Stake (PPoS): Energy-efficient consensus mechanism
- Forkless Architecture: Ensures network stability
- Instant Finality: Transactions complete in ~3.3 seconds
ALGO Token Utility
Primary use cases:
- Network Security: Powers the PPoS consensus
- Transaction Fees: Low-cost payments on-chain
- Governance: Voting rights for protocol changes
Token Distribution & Economics
- Total Supply: 10 billion ALGO
- Initial Distribution: 25 million tokens via Dutch Auction ICO ($2.4 starting price)
- Future Distribution: 600 million coins auctioned every 5 years
Staking Evolution:
- 200M ALGO incentive program (2019-2022)
- Transitioned to governance rewards
- New staking program anticipated Q4 2024
Ecosystem Development: London Bridge Initiative
Key facts about this Ethereum-compatibility project:
- $10 million allocated by Algorand Foundation
- Trustless bridge for cross-chain dApps
- Goal: Boost liquidity and DeFi ecosystem growth
Future plans include expansion to additional blockchain networks.
Where to Buy ALGO
Top exchanges for ALGO trading:
- Binance
- KuCoin
- Kraken
👉 Compare exchange features to find your ideal trading platform.
FAQs About Algorand
Q: How fast are ALGO transactions?
A: Approximately 3.3 seconds with instant finality.
Q: What makes Algorand's consensus unique?
A: Pure Proof-of-Stake doesn't lock staked tokens, maintaining liquidity while securing the network.
Q: When was Algorand launched?
A: Mainnet went live June 19, 2019, following development since 2017.
Q: Who founded Algorand?
A: MIT professor Silvio Micali, 2012 Turing Award winner.
Q: Can Algorand fork?
A: No, its forkless design prevents chain splits.
Q: What's the London Bridge timeline?
A: Announced February 2022, currently in development.
Final Thoughts
Algorand continues to evolve as a high-performance blockchain solution, with its ALGO token serving multiple ecosystem functions. While facing market volatility like all cryptocurrencies, its technological innovations position it for potential long-term growth.