Algorand (ALGO) price summary
The live Algorand price today is $0.1095 (about ₹10.39), up 1.11% in the last 24 hours, with a 24-hour trading volume of $46.75M. Algorand ranks #76 by market capitalisation at $993.60M, with 9,073,302,566 ALGO in circulation out of a maximum supply of 10,000,000,000. Its all-time high was $3.56 on 20 June 2019, and it now trades 96.9% below that peak.
About Algorand
Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.
Official links
Website ↗Whitepaper ↗Explorer ↗GitHub ↗
Market data & description: CoinGecko. Chart & technical rating: TradingView.