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Algorand

ALGO

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Market

Market stats

Market cap

$1.4B

Volume (24h)

$66.9M

Circulating supply

8.1B ALGO

Typical hold time

78 days

Popularity

#61

All time high

$2.82

Price change (1h)

+0.77%

Price change (24h)

-3.15%

Price change (7d)

-25.71%

About Algorand

Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.

Algorand (ALGO) is a decentralized, blockchain-based network that strives to support a wide range of applications. It was designed with the goal of improving transaction speeds and efficiency, addressing the slow transaction times associated with other blockchains. Algorand's unique architecture is based on a permissionless pure proof-of-stake (PoS) blockchain protocol, which eliminates the need for energy-intensive mining processes. The network went live in June 2019 and aims to handle a significant number of transactions per day. Algorand's native cryptocurrency, ALGO, plays a crucial role in the network's operation, with compensation for block creation distributed among all coin holders.

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Social

Some highlights about Algorand on social media

1,793 unique individuals are talking about Algorand and it is ranked #51 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Algorand has an average sentiment score of 3.1 out of 5. Finally, Algorand is becoming more newsworthy, with 0 news articles published about Algorand. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Algorand. There were 17.89% of tweets with bullish sentiment compared to 8.83% of tweets with a bearish sentiment about Algorand. 73.27% of tweets were neutral about Algorand. These sentiments are based on 883 tweets.

On Reddit, Algorand was mentioned in 297 Reddit posts and there were 554 comments about Algorand. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

1,793 people

Volume rank

#51

Average Sentiment

3.1 out of 5

Twitter

Reddit

Posts

297

Comments

554

Post Score

414,969

Comment Score

416,341

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Algorand is on the decline this week.

The price of Algorand has increased by 0.77% in the last hour and decreased by 3.15% in the past 24 hours. Algorand’s price has also fallen by 25.71% in the past week. The current price is $0.17 per ALGO with a 24-hour trading volume of $66.94M. Currently, Algorand is valued at 93.94% below its all time high of $2.82. This all-time high was the highest price paid for Algorand since its launch.

The current circulating supply of Algorand is 8,130,172,346.654 ALGO which means that Algorand has as total market cap of 8,130,172,346.654.

FAQ

What is the current price of Algorand?

We update our Algorand to USD currency in real-time. Get the live price of Algorand on Coinbase.

What is the market cap of Algorand?

The current market cap of Algorand is $1.38B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Algorand?

The all-time high of Algorand is $2.82. This all-time high is highest price paid for Algorand since it was launched.

What is the 24 hour trading volume of Algorand?

Over the last 24 hours, the trading volume of Algorand is $66.94M.

What other assets are similar to Algorand?

Assets that have a similar market cap to Algorand include SUI, Aave MKR V2, Rocket Pool ETH, and many others. To see a full list, see our comparable market cap assets.

How many Algorand are there?

The current circulating supply of Algorand is 8.1 billion.

What is the typical holding time of Algorand?

The median time that Coinbase customers hold Algorand before selling it or sending it to another account or address is 78 days.

What is the relative popularity of Algorand?

Algorand ranks 19 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Algorand?

Currently, 99% of Coinbase users are buying Algorand. In other words, 99% of Coinbase customers have increased their net position in Algorand over the past 24 hours through trading.

Can I buy Algorand on Coinbase?

Yes, Algorand is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Algorand guide.

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