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.
Trading Insights
Buyer Ratio
Traders
1.5K
-42.3%
Buyers
933
-48.42%
Sellers
635
-32.16%
Searched
1.6K
Market Stats
Market Cap
£1.15B
FDV
£1.31B
Circ. Supply
8.8B ALGO
Max Supply
10B ALGO
Total Supply
10B ALGO
Performance
Popularity
#52
Dominance
0.05%
Volume (24H)
£40.44M
-51.09%
Volume (7D)
£494.74M
Volume (30D)
£1.39B
All time high
£2.14
Price Change (1Y)
29.32%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of Algorand has decreased by 1.01% in the last hour and decreased by 3.88% in the past 24 hours. Algorand’s price has also fallen by 4.28% in the past week. The current price is £0.13 per ALGO with a 24-hour trading volume of £40.44M. Currently, Algorand is valued at 93.88% below its all time high of £2.14. This all-time high was the highest price paid for Algorand since its launch.
The current circulating supply of Algorand is 8,791,809,505.398 ALGO which means that Algorand has as total market cap of £1,153,664,414.68.
Market details
ALGO vs markets
↘ 3.87%
ALGO vs BTC
↗ 2.24%
ALGO vs ETH
↗ 20.95%
Tags
pos
platform
research
smart-contracts
+5
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.13 | ↘ 3.39% |
1 Day | £0.14 | ↘ 3.88% |
1 Week | £0.14 | ↘ 4.28% |
1 Month | £0.16 | ↘ 20.40% |
1 Year | £0.10 | ↗ 29.32% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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.
Algorand operates on a permissionless pure proof-of-stake (PoS) blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators using computing power, in Algorand's pure proof-of-stake approach, all validators are known to each other and only need to agree on the next block to create a new one. Algorand employs a two-phase block manufacturing procedure that includes proposing and voting. By staking ALGO and establishing a valid participation key, every member of the Algorand network can participate in this process. Compensation is provided at regular intervals, which may encourage participation in the Algorand network.
Algorand news
Trending articles
Social stats
Popularity in posts
#155
Contributors
562
Posts
562
% About Algorand
0.128%
Hold times
0 days
X (Twitter)
37.87% bullish
Sentiment
4.3 ★
Highlights
562 unique individuals are talking about Algorand and it is ranked #155 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 4.3 out of 5. Finally, Algorand is becoming less newsworthy, with 0 news articles published about Algorand.
On Twitter, people are mostly neutral about Algorand. There were 41.32% of tweets with bullish sentiment compared to 9.11% of tweets with a bearish sentiment about Algorand. 58.68% of tweets were neutral about Algorand. These sentiments are based on 7343 tweets.
On Reddit, Algorand was mentioned in 115 Reddit posts and there were 270 comments about Algorand. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Algorand calculator
Related assets
Discover popular crypto to currency conversions
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.