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How to Buy Algorand
Good news! You can buy Algorand on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Algorand.
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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.
Buy AlgorandHappening now
AI generated 7h ago
Amid a recent price drop, attention is turning to whether fundamental developments, such as a new bank pilot and growth in staked ALGO, will influence market activity.
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9/23/2025, 1:04:24 AM
Trading Insights
Buyer Ratio
74%0%
Traders
3.3K
107.78%
Buyers
2.4K
166.15%
Sellers
899
27.16%
Searched
1.5K
Market Stats
Market Cap
CA$2.59B
FDV
CA$2.95B
Circ. Supply
8.8B ALGO
Max Supply
10B ALGO
Total Supply
10B ALGO
Performance
Popularity
#57
Dominance
0.05%
Volume (24H)
CA$210.97M
161.22%
Volume (7D)
CA$1.53B
Volume (30D)
CA$2.12B
All time high
CA$3.90
Price Change (1Y)
61.52%
Additional details
Market details
ALGO vs markets
↘ 8.96%
ALGO vs BTC
↘ 8.71%
ALGO vs ETH
↘ 0.6%
Tags
pos
platform
research
smart-contracts
+5
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$0.29 | ↘ 5.99% |
1 Day | CA$0.31 | ↘ 6.20% |
1 Week | CA$0.32 | ↘ 8.11% |
1 Month | CA$0.36 | ↘ 18.28% |
1 Year | CA$0.18 | ↗ 61.52% |
Coinbase insights
Happening now
AI generated 7h ago
Amid a recent price drop, attention is turning to whether fundamental developments, such as a new bank pilot and growth in staked ALGO, will influence market activity.
Recent price drop contrasts with strong yearly performance
The price of ALGO fell by
↘8%
in the last 24 hours, a larger decline than the
↘3%
average for similar Layer 1 projects. Despite this, the asset maintains a nearly
↗60%
price increase over the past year, ranking it as a top-10 performer in its category.
Trading volume increases sharply
ALGO's daily trading volume surged
↗186%
, outpacing the broader market's average volume increase of
↗135%
.
Network sees foundational growth
Recent developments for the Algorand network include a pilot project with VersaBank
to test tokenized deposits. Additionally, the amount of ALGO being staked on the network grew by
↗29%
in the second quarter of 2025.
Recent trends
The latest ALGO price is CA$0.29. Compared to Algorand's value of CA$0.31 from 24 hours ago, there's been a -6% decrease, while the current price is -8% down from CA$0.32 which was recorded one week ago. Algorand's all time high is CA$3.90, which was reached on November 18, 2021. This is a -92% change from its price today.
The current circulating supply of Algorand is 8,781,571,327. This is 88% of its max supply of 10,000,000,000 ALGO and 88% of its total supply of 10,000,000,000. The market cap is currently CA$2.59B, which is a result of multiplying the current price of Algorand(CA$0.29) by the total supply(10,000,000,000 ALGO). The fully diluted valuation of Algorand is CA$2.95B. The diluted valuation of Algorand is CA$2.95B.
Algorand had 2,422 buyers, 899 sellers and total 3,260 trades in the last 24h. Algorand was searched 1,543 times in the last 24h.
FAQ
Algorand (ALGO) is a distributedledgerthat aims to remove the technical barriers in the blockchain and has a permissionless consensus mechanism.
According to the Algorand whitepaper, the current blockchain faces the main challenges of the “blockchain trilemma”: security, scalability, and decentralization.
Algorand relies on randomness to solve the blockchain trilemma and uses the pure proof-of-stake (PPoS) algorithm built on a Byzantine agreement. A Byzantine agreement is a protocol for communication that allows the distributed system users to reach a consensus in the presence of malicious actors. PPoS helps achieve greater scalability without compromising the decentralization and security of the network while preventing a potential 51% attack.
ALGO is the native utility token of the Algorand network. The token is used to secure the consensus used to build each block on the platform and pay for every transaction. The platform aims to use the token to govern the growth of the Algorand ecosystem and as governance rewards for those who commit to voting as part of governing.
Silvio Micali is the founder of the platform and has been an MIT faculty member since 1983 in the Electrical Engineering and Computer Science Department. He is the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions. Steve Kokinos is the CEO and responsible for the overall business vision and strategy. W. Sean Ford is the COO and responsible for go-to-market execution and operations, including product management, engineering, marketing, and global community development. He also ran the Integration Management Office for LogMeIn's acquisition of Jive Communications in early 2018.
The Algorand Foundation is a not-for-profit organization with a vision of a frictionless, borderless economy built on public, decentralized blockchain technology. The Algorand Foundation has built the Algorand blockchain protocol in partnership with Algorand Inc.
On the Algorand platform, every user receives rewards proportional to their stake for every block committed to the chain. Through this process, Algorand aims to encourage users to join the Algorand platform and accelerate the path to decentralization.
The total max supply of ALGO is 10 billion.
Algorand (ALGO) can be traded at an exchange like Coinbase.
We update our Algorand to CAD currency in real-time. Get the live price of Algorand on Coinbase.
The current market cap of Algorand is CA$2.59B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Algorand is CA$3.90. This all-time high is highest price paid for Algorand since it was launched.
Over the last 24 hours, the trading volume of Algorand is CA$210.97M.
Assets that have a similar market cap to Algorand include Render, Render (ERC-20), MYX Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Algorand is 8.8 billion.
Algorand ranks 15 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.
Yes, Algorand is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Algorand guide.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Algorand news
Trending articles
Social stats
Popularity in posts
#101
Contributors
837
Posts
2,540
% About Algorand
0.186%
Hold times
0 days
X (Twitter)
53.03% bullish
Sentiment
4.5 ★
Highlights
837 unique individuals are talking about Algorand and it is ranked #101 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 89 out of 5. Finally, Algorand is becoming less newsworthy, with 0 news articles published about Algorand.
On Twitter, people are mostly bullish about Algorand. There were 53.96% of tweets with bullish sentiment compared to 1.75% of tweets with a bearish sentiment about Algorand. 46.04% of tweets were neutral about Algorand. These sentiments are based on 2527 tweets.
On Reddit, Algorand was mentioned in 4 Reddit posts and there were 5 comments about Algorand. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.