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 Algorand
Trading Insights
Buyer Ratio
Traders
1.5K
-27.25%
Buyers
848
-34.01%
Sellers
680
-15.53%
Searched
1K
Market Stats
Market Cap
£1.52B
FDV
£1.73B
Circ. Supply
8.8B ALGO
Max Supply
10B ALGO
Total Supply
10B ALGO
Performance
Popularity
#55
Dominance
0.05%
Volume (24H)
£39.36M
-3.62%
Volume (7D)
£411.77M
Volume (30D)
£1.02B
All time high
£2.09
Price Change (1Y)
76.28%
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 0.32% in the last hour and decreased by 1.58% in the past 24 hours. Algorand’s price has also fallen by 3.12% in the past week. The current price is £0.17 per ALGO with a 24-hour trading volume of £39.36M. Currently, Algorand is valued at 91.70% below its all time high of £2.09. This all-time high was the highest price paid for Algorand since its launch.
The current circulating supply of Algorand is 8,781,253,270.269 ALGO which means that Algorand has as total market cap of £1,516,219,329.37.
Market details
ALGO vs markets
↘ 5.07%
ALGO vs BTC
↘ 3.03%
ALGO vs ETH
↗ 1.65%
Tags
pos
platform
research
smart-contracts
+5
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.17 | ↘ 1.58% |
1 Day | £0.18 | ↘ 1.58% |
1 Week | £0.18 | ↘ 3.12% |
1 Month | £0.19 | ↘ 6.33% |
1 Year | £0.0993 | ↗ 76.28% |
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 aims to support a broad spectrum of applications, with its secure, scalable, and efficient systems being particularly suited for real-world applications that require reliable performance guarantees. The network's low transaction fees and fast transaction times make it a suitable platform for a variety of use cases. Furthermore, Algorand's compatibility with Ethereum, facilitated by a bridge, aims to connect to Ethereum's DApp ecosystem, potentially attracting more participants to its own ecosystem. The network's goal is to eventually solidify the DeFi ecosystem on Algorand.
Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology. Micali, a recipient of the Turing Award in 2012 for his contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols, is recognized as a contributor to the crypto space. The Algorand mainnet went live in June 2019, and by December 2020, it was capable of handling a significant number of transactions per day. The initial token distribution for Algorand took place in June 2019. The Algorand blockchain's genesis indicates that a large quantity of ALGO was created, with the distribution of this set amount projected to conclude in 2030.
We update our Algorand to GBP currency in real-time. Get the live price of Algorand on Coinbase.
The current market cap of Algorand is £1.52B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Algorand is £2.09. 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 £39.36M.
Assets that have a similar market cap to Algorand include Render (ERC-20), Render, KuCoin Token, 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.
Algorand news
Trending articles
Social stats
Popularity in posts
#120
Contributors
834
Posts
2,422
% About Algorand
0.16%
Hold times
0 days
X (Twitter)
20.56% bullish
Sentiment
4.3 ★
Highlights
834 unique individuals are talking about Algorand and it is ranked #120 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 85 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 21.17% of tweets with bullish sentiment compared to 2.93% of tweets with a bearish sentiment about Algorand. 78.83% of tweets were neutral about Algorand. These sentiments are based on 2400 tweets.
On Reddit, Algorand was mentioned in 7 Reddit posts and there were 112 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
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.