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Algorand Price, News and Analysis (ALGO)

$0.6125
+0.0556 (+9.07%)
(As of 01/25/2021 10:54 AM ET)
Add
1-Hour Price Change +0.98%
1-Day Price Change +9.07%
7-Day Price Change +11.49%
1-Day Volume$280.43 million
Market Cap$750.89 million
BTC Price0.00001783 BTC
Circulating Supply1.23 billion
Total Supply3.70 billion
Maximum Supply10.00 billion

About Algorand (ALGO)

Currency Details

Name Algorand
SymbolALGO
Market Capitalization$750.89 million
Coin or TokenCoin
Algorithm
Proof TypePoS
Genesis Date6/19/2019
Mineable?No

Official Links

Official Websitealgorand.foundation
Official Website (Alt)algorand.com
BitcoinTalk AnnouncementView
Twitter Account@
Facebook PageView
Github AccountView

Community Discussion

Reddit Communityr/AlgorandOfficial
Telegram GroupView
Discord GroupView
Message Board (Alt)forum.algorand.org

Research Tools

Blockchain Exploreralgoexplorer.io
Blockchain Explorer (Alt)N/A
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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Algorand (ALGO) Frequently Asked Questions

What is Algorand?

The Algorand platform is the first public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once. Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization. (Description provided by CryptoCompare)

How do I buy Algorand?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Algorand.

Where can I get Algorand wallet?

Algorand produces its own wallet software that is available for download on its website, which allows you to store Algorand on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Algorand?

One Algorand (ALGO) is currently worth $0.61 on major cryptocurrency exchanges. You can also exchange one Algorand for 0.00001783 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Algorand in U.S. dollars is $750.89 million.

How do I mine Algorand?

Algorand is a proof-of-stake (PoS) currency, which means that blocks on the Algorand blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.

What is the Reddit page for Algorand?

The official Reddit community (subreddit) for Algorand is r/AlgorandOfficial.


MarketBeat Community Rating for Algorand (ALGO)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  273 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  604
MarketBeat's community ratings are surveys of what our community members think about Algorand and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

Chart

Algorand (ALGO) Price Chart for Monday, January, 25, 2021

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Google Trends

Algorand (ALGO) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Algorand. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Algorand Coin" over the last 90 days.



Algorand (ALGO) Website Traffic

Algorand (ALGO) Social Media Trends

Social Media Mentions

Algorand (ALGO) Reddit Feed


This page was last updated on 1/25/2021 by MarketBeat.com Staff

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