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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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4/27/2025, 2:30:28 PM
Market Stats
Market Cap
$1,916,153,795.71
FDV
$2,231,274,973.95
Circulating Supply
8,587,708,005.863 ALGO
Max Supply
10,000,000,000 ALGO
Total Supply
10,000,000,000 ALGO
Performance
Popularity
#47
Dominance
0.07%
Volume (24H)
$59,621,582.13
-0.32%
Volume (7D)
$539,104,227.38
Volume (30D)
$1,868,683,839.41
All time high
$2.82
Overall Price Change (1Y)
0.16%
Additional info about Algorand
Recent trends
The price of Algorand has increased by 0.70% in the last hour and decreased by 1.98% in the past 24 hours. Algorand’s price has also risen by 17.04% in the past week. The current price is $0.22 per ALGO with a 24-hour trading volume of $59.62M. Currently, Algorand is valued at 92.09% 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 8,587,708,005.863 ALGO which means that Algorand has as total market cap of $1,916,153,795.71.
Market details
ALGO vs markets
↘ 9.89%
ALGO vs BTC
↘ 22.37%
ALGO vs ETH
↗ 109.57%
Tags
pos
platform
research
smart-contracts
+4
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.22 | ↘ 1.98% |
1 Day | $0.23 | ↘ 1.98% |
1 Week | $0.19 | ↗ 17.04% |
1 Month | $0.21 | ↗ 6.90% |
1 Year | $0.19 | ↗ 15.77% |
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 $1.92B. 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 $59.62M.
Assets that have a similar market cap to Algorand include Ethena, Artificial Superintelligence Alliance, Render, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Algorand is 8.6 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.
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Algorand news
Trending articles
Social stats
Popularity in posts
#54
Contributors
956
Posts
1,825
% About Algorand
0.319%
Articles
5
Hold times
0 days
X (Twitter)
71.41% bullish
Sentiment
4.5 ★
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
956 unique individuals are talking about Algorand and it is ranked #54 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 90 out of 5. Finally, Algorand is becoming less newsworthy, with 5 news articles published about Algorand.
On Twitter, people are mostly bullish about Algorand. There were 75.55% of tweets with bullish sentiment compared to 5.79% of tweets with a bearish sentiment about Algorand. 24.45% of tweets were neutral about Algorand. These sentiments are based on 933 tweets.
On Reddit, Algorand was mentioned in 519 Reddit posts and there were 4353 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
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.