The live Algorand price today is $0.18** with a **24-hour trading volume** of **$90.16 million. ALGO's price has increased by 0.72% in the past hour and 5.17% since yesterday. With a circulating supply of 8.64 billion ALGO, the platform boasts a market cap of $1.57 billion.
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What Is Algorand (ALGO)?
Algorand is a decentralized blockchain platform designed for scalability, security, and efficiency. It supports smart contracts and digital currencies using its unique Pure Proof-of-Stake (PPoS) consensus mechanism. Unlike traditional PoS models, PPoS eliminates slashing risks while maintaining network integrity.
Key Features of Algorand:
- Pure Proof-of-Stake (PPoS) – Energy-efficient consensus without validator penalties.
- Scalability – Processes thousands of transactions per second.
- Decentralized Governance – Future plans include on-chain governance.
Algorand Market Data Overview
| Metric | Value |
|---|---|
| Current Price | $0.18 |
| 24h Volume | $90.16M |
| Market Cap | $1.57B |
| Circulating Supply | 8.64B ALGO |
| Max Supply | 8.64B ALGO |
Why Is Algorand’s Market Cap Significant?
Algorand’s $1.57B market cap reflects strong market confidence. A higher capitalization often indicates stability and long-term potential.
👉 Discover how ALGO compares to other cryptos
Trading Activity & Supply Insights
- 24h Trading Volume: $90.16M (+5.17% change).
- Circulating Supply: 8.64B ALGO (fully diluted).
- Rank: #72 among cryptocurrencies by market cap.
FAQ: Algorand (ALGO)
1. What is Algorand used for?
Algorand facilitates fast, low-cost transactions and supports smart contracts for DeFi, NFTs, and institutional applications.
2. How does Pure Proof-of-Stake (PPoS) work?
PPoS randomly selects validators to propose blocks, ensuring fair participation without staking risks.
3. What affects ALGO’s price?
Factors include market demand, adoption in DeFi ecosystems, and broader crypto trends.
4. Where can I buy ALGO?
ALGO is available on major exchanges like OKX, Binance, and Coinbase.
5. Is Algorand a good investment?
While past performance isn’t indicative of future results, ALGO’s technology and use cases make it a noteworthy project.
6. What’s Algorand’s max supply?
The max supply is capped at 8.64B ALGO, ensuring no inflationary pressure.
Final Thoughts
Algorand’s innovative PPoS, scalability, and growing ecosystem position it as a key player in blockchain. Stay updated with real-time data to make informed decisions.