Name: Algorand
Brand: Binance
Price: 0.12 KZT
Availability: InStock

Price of Algorand Today

The live price of Algorand is $0.115034 per (ALGO / USD) with a current market cap of $1.02B USD. 24-hour trading volume is $37.52M USD. ALGO to USD price is updated in real-time. Algorand is -3.09% in the last 24 hours with a circulating supply of 8.86B.

ALGO Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.003666	-3.09%
30 Days	$-0.003138	-2.66%
60 Days	$-0.031879	-21.70%
90 Days	$-0.070615	-38.04%

Algorand Chart Performance

24h Low & High

Low: $0.112429

High: $0.119008

The highest and lowest price paid for this asset in 24 hours.

All Time High

$3.280179

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.44%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-3.09%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-1.94%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.112429

High: $0.119008

All Time High

$3.280179

Price Change (1h)

+0.44%

Price Change (24h)

-3.09%

Price Change (7d)

-1.94%

About Algorand

Algorand (ALGO) is an open-source blockchain network and cryptocurrency designed to facilitate mainstream adoption of blockchain technology. It also aims to expand the use cases of digital currencies by accelerating transaction verification rates.

First launched in 2019, Algorand seeks to provide a similar transaction throughput rate as major centralized payment processors like Visa or Mastercard. It does so through the integration of scalability features like relay nodes, which are used to create efficient communication paths. At the same time, blockchain information is continuously compressed in order to reduce the data burden on Algorand network participants.

Algorand also provides smart contract functionality, making it possible for developers to create and deploy decentralized applications (DApps) and smart contracts on its blockchain.

Algorand is considered a third-generation blockchain. The network uses a proof-of-stake (PoS) consensus model in which validators help keep the network secure through transaction validation and block generation. The current price of ALGO is updated and available in real time on Binance.

People Also Ask: Other Questions About Algorand

What is ALGO Used For?

ALGO is used as a means of value transfer within the Algorand ecosystem; it is also used to secure the Algorand network. ALGO is also staked by network validators and used to reward them for their assistance in validating transactions while keeping the PoS blockchain secure. ALGO price is available live on Binance.

How Do Network Consensus and Validation Work on Algorand?

Algorand uses a PoS consensus model in which participants stake ALGO tokens to validate transactions and secure the blockchain.

Who is the Algorand Founder?

Algorand was founded by Silvio Micali, a computer scientist at the Massachusetts Institute of Technology (MIT), in 2017.

What is the Maximum Token Supply of Algorand?

The total supply of Algorand is limited to 10 billion ALGO tokens. At the time of writing, the circulating supply of ALGO is 7,126,147,542 tokens.

What Makes Algorand Different From Others?

Algorand’s founder, Silvio Macali, received the Turing Award in 2012 for his work in cryptography. The network offers similar functionality to Ethereum while operating on a PoS consensus model. Thanks to its carbon offset initiatives, Algorand is also a carbon-neutral blockchain network.

In February 2022, the Algorand Foundation dedicated $10 million to the development of The London Bridge to connect to the Ethereum blockchain, in an effort to attract more liquidity to the Algorand network. The robust DApps and vibrant Ethereum ecosystem offered promise to potentially attract more users to the low-cost, efficient blockchain platform.

How To Buy ALGO?

ALGO can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live ALGO price is updated in real time on Binance. For additional instruction and other relevant information, users can read our How to buy Algorand (ALGO) Guide.