Understand ALGO cryptocurrency and its network: Algorand
Algorand
ALGO
ALGO price
0.18510000
USD
Apr 05, 2025
Algorand statistics
Ranking
Ranking, also refered to as popularity, refers to a combination of the crypto-asset market cap and its trading volume within 24h. Ranks are created by ranking companies, so the ranking factors may change from list to list.
#52
Market cap
Market Capitalization refers to the total value of the coin in USD, which is calculated by multiplying the asset circulating supply with the asset current price.
1,598,496,362
USD
24h Volume
The 24 hour volume refers to the sum of all trades reported by all exchanges in the last 24h for that specific crypto-asset.
101,477,516
USD
Circulating supply
Circulating supply is an approximation of the total supply of tokens that are in the hands of the public and being traded. It is not rare that some tokens end up being burned or frozen in accounts. This metric ignores this number
8,558,563,912
ALGO
All-time high
All-time-high is the highest price that the unit of a crypto-asset has reached since its foundation. This metric refers to the history of prices of the asset alone, and not compared to others.
3.2802
USD
About ALGO
ALGO is the crytocurrency of the Algorand blockchain. Created in 2019, the Algorand network was developed to solve speed issues in crypto transactions by using Pure Proof-of-Stake (PPoS...
Website
https://www.algorand.com/Clear your doubts about ALGO and Algorand
What are the benefits of Algorand and how does it work?
One of the main difficulties of blockchain technology is the transaction processing capability that networks can support. To solve this problem, the Algorand network was created in 2019. The idea is to enable a much faster and lower-cost transaction volume compared to existing networks. For this, Algorand uses its own consensus mechanism, the Pure Proof-of-Stake (PPoS).
How is ALGO priced?
As is commonly the case in the cryptocurrency market, the price of ALGO is set according to market supply and demand. Other factors such as price fluctuations can interfere with this cryptocurrency pricing. The official supply of ALGO has been previously limited to 10 billion units, and mining of the last ALGO unit is planned for 2030.
Where can ALGO cryptocurrency be used?
ALGO cryptocurrency can be purchased on exchanges and transacted on blockchain wallets. When you have ALGO among your digital assets, you can send it to other wallets and use it to earn yields on DeFi platforms or buy NFTs in ecosystems that accept this cryptocurrency. It can also serve for governance, when holders vote on improvements for the Algorand network.
How to buy and sell Algorand (ALGO)?
At Bitso, you can buy ALGO and other cryptocurrencies and tokens. In our website bitso.com, check other cryptoassets you can add to your basket.