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How to Buy Algorand
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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.
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3/14/2025, 5:25:24 AM
Market Stats
Market Cap
$1,658,753,059.45
FDV
$1,952,006,609.83
Circulating Supply
8,497,681,570.822 ALGO
Max Supply
10,000,000,000 ALGO
Total Supply
10,000,000,000 ALGO
Hold Time
No data
Performance
Popularity
#49
Dominance
0.06%
Volume (24H)
$87,279,778.91
-0.11%
All time high
$2.82
Additional info about Algorand
Networks and details
The price of Algorand has decreased by 0.05% in the last hour and increased by 0.31% in the past 24 hours. Algorand’s price has also fallen by 19.16% in the past week. The current price is $0.20 per ALGO with a 24-hour trading volume of $87.28M. Currently, Algorand is valued at 93.06% below its all time high of $2.82. This all-time high was the highest price paid for Algorand since its launch.
The current circulating supply of Algorand is 8,497,681,570.822 ALGO which means that Algorand has as total market cap of $1,658,753,059.45.
Algorand:No contract address available;
Price history
Today | $0.20 | ↗ 0.31% |
1 Day | $0.19 | ↗ 0.31% |
1 Week | $0.24 | ↘ 19.16% |
1 Month | $0.29 | ↘ 33.21% |
1 Year | $0.32 | ↘ 39.12% |
Market details
Performance against other markets | ↘ 39.09% |
Performance against BTC | ↘ 48.34% |
Performance against ETH | ↗ 20.43% |
Performance in the past year | ↘ 39.12% |
FAQ
Algorand (ALGO) is a distributedledgerthat aims to remove the technical barriers in the blockchain and has a permissionless consensus mechanism.
According to the Algorand whitepaper, the current blockchain faces the main challenges of the “blockchain trilemma”: security, scalability, and decentralization.
Algorand relies on randomness to solve the blockchain trilemma and uses the pure proof-of-stake (PPoS) algorithm built on a Byzantine agreement. A Byzantine agreement is a protocol for communication that allows the distributed system users to reach a consensus in the presence of malicious actors. PPoS helps achieve greater scalability without compromising the decentralization and security of the network while preventing a potential 51% attack.
ALGO is the native utility token of the Algorand network. The token is used to secure the consensus used to build each block on the platform and pay for every transaction. The platform aims to use the token to govern the growth of the Algorand ecosystem and as governance rewards for those who commit to voting as part of governing.
Silvio Micali is the founder of the platform and has been an MIT faculty member since 1983 in the Electrical Engineering and Computer Science Department. He is the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions. Steve Kokinos is the CEO and responsible for the overall business vision and strategy. W. Sean Ford is the COO and responsible for go-to-market execution and operations, including product management, engineering, marketing, and global community development. He also ran the Integration Management Office for LogMeIn's acquisition of Jive Communications in early 2018.
The Algorand Foundation is a not-for-profit organization with a vision of a frictionless, borderless economy built on public, decentralized blockchain technology. The Algorand Foundation has built the Algorand blockchain protocol in partnership with Algorand Inc.
On the Algorand platform, every user receives rewards proportional to their stake for every block committed to the chain. Through this process, Algorand aims to encourage users to join the Algorand platform and accelerate the path to decentralization.
The total max supply of ALGO is 10 billion.
Algorand (ALGO) can be traded at an exchange like Coinbase.
We update our Algorand to USD currency in real-time. Get the live price of Algorand on Coinbase.
The current market cap of Algorand is $1.66B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Algorand is $2.82. 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 $87.28M.
Assets that have a similar market cap to Algorand include GateToken, Cosmos, Filecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Algorand is 8.5 billion.
Algorand ranks 16 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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Algorand news
Trending articles
Social stats
Popularity in posts
#49
Contributors
998
Posts
607,635
% About Algorand
0.351%
Hold times
0 days
X (Twitter)
42.18% bullish
Sentiment
4.4 ★
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.
Highlights
998 unique individuals are talking about Algorand and it is ranked #49 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 4.4 out of 5. Finally, Algorand is becoming more newsworthy, with 0 news articles published about Algorand. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Algorand. There were 42.18% of tweets with bullish sentiment compared to 2.27% of tweets with a bearish sentiment about Algorand. 55.55% of tweets were neutral about Algorand. These sentiments are based on 2110 tweets.
On Reddit, Algorand was mentioned in 14 Reddit posts and there were 38 comments about Algorand. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.