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Algorand

ALGO

Algorand Market Stats

Algorand Price

$22,014.48

Algorand Price Change (24H)

$22,014.48

Algorand Price (24H Low)

$22,014.48

Algorand Price (24 High)

$22,014.48

Algorand Price (All Time High)

$22,014.48

Algorand Market Cap

$22,014.48

Algorand Volume (24H)

$22,014.48

Algorand Circulating Supply

$22,014.48

Algorand Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

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What is Algorand (ALGO)?

Algorand (ALGO) is a distributed network built with speed, security, and decentralization in mind. It is a permissionless, open-source blockchain network. Algorand promises to be a payments-centric network with quick transactions and a strong emphasis on obtaining near-instant finality.

Proof-of-stake (PoS) is used for consensus in Algorand, with validator rewards shared equally among all ALGO token holders. Due to its vast capacity and egalitarian community incentive structure, Algorand can meet the high throughput demands of widespread global usage.

Algorand (ALGO) can currently host dApp development and provide scalability as a public blockchain with smart contracts that depend on staking. Some developers of decentralized apps and DeFi apps have switched to Algorand as an alternative to Ethereum.

Developers can issue new tokens using the Algorand Standard Asset (ASA) protocol. They may also migrate existing tokens into the Algorand ecosystem. Stablecoins like USDT and USDC can also be found within this system. These coins benefit more from this system than the Ethereum network.

Algorand-Coin-Comparewise

Who Created Algorand (ALGO)?

Silvio Micali is responsible for developing Algorand (ALGO). He is widely regarded as among the most brilliant mathematicians and computer scientists of the past fifty years. Cryptography, zero-knowledge technologies, pseudorandom generation, secure protocols, and the creation of economic systems are all areas of study that interest him.

Many crucial blockchain technologies that are now commonplace originated with his work. He has earned the Godel Prize and RSA Award for theoretical computer science. Recently, Silvio was awarded the Turing Award, sometimes called the “Nobel Prize of Computers” (in cryptography).

Silvio Micali is in charge of Algorand’s secure theoretical crypto-financial blockchain research. Additionally, since 1983 he has been a part of Italy’s prestigious Accademia dei Lincei, among other institutions.

Silvio has a Ph.D. in computer science from the University of California, Berkeley, and a Laurea in mathematics from the University of Rome.

How Does Algorand (ALGO) Work?

Among Algorand’s defining characteristics is its “pure-proof-of-stake” implementation. In “proof of work,” computers keep the blockchain running by solving challenging mathematical puzzles to create new blocks and confirm transactions.

While this technology is cryptographically secure, it demands a lot of resources to operate. One of the main dividing lines between various cryptocurrencies is whether they use proof of work or proof of stake.

Pure proof-of-stake allows for faster transactions and more efficient creation of new blocks. Algo holders “review and approve” each new block added to the blockchain. Whenever a new block is generated, a random selection of users is made to form this group.

Developers of the Algorand network claim that this protocol is what makes the blockchain truly global, decentralized, and safe. One’s chances of being selected to verify and validate new blocks and transactions increase proportionally to the Algo they own.

Is Algorand (ALGO) a Good Investment?

Algorand is seriously trying to expand the cryptocurrency’s potential uses with new activities. This development is motivated by the need to hasten the time it takes to conduct a transaction. It has the potential to compete with Visa and MasterCard while being new and unproven in the real world.

Algorand’s various benefits bode well for its potential market price and widespread adoption in the future. It is a fast, low-cost, and interoperable blockchain with a rapidly expanding ecosystem. It’s a simple coin listed on many great exchanges where individuals can get regulation.

Many people may be persuaded to put money into Algorand because of its rapidly developing NFT market. As a result of these possibilities, knowledgeable market observers have made optimistic price predictions.

FAQs about Algorand (ALGO)

How Many Algorand (ALGO) Are There?

The total number of available ALGO tokens was capped at 10 billion at launch. Unfortunately, a sizeable number of these coins will no longer be accessible for circulation.

How Is Algorand (ALGO) Secured?

Users’ funds are always secure on the Algorand chain since it never experiences turbulences. In each given round, a block’s validation and addition to the chain is limited to an instance. This means that it cannot be undone once a deal is made in Algorand (ALGO).

What Can You Use Algorand (ALGO) for?

Algorand’s primary use case is to facilitate the creation of unique cryptocurrency-powered applications by other developers. The technology also works for real estate, intellectual property protection, and microfinance.

Algorand News

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Algorand Community

Best Algorand Apps

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Get $100 when you top up $1k + earn up to 20% APR
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Trade crypto at competitive rates in Changelly
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0.5% - 5%
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200+
Trade crypto, stock, and metals in one place
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Best Algorand Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
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70+
Limitless wallet addresses on one device
Storage Type
Cold
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40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
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Storage Type
Cold
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Storage Type
Cold
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1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
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100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
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100+
Stake and earn almost up to 40% yield
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50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
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1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
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Algorand Analysis

Algorand (ALGO) Analysis Summary

Algorand’s historical data index received a “C” grade and a “poor” long-term investment recommendation from WalletInvestor. Algorand’s ROI might drop to -97.03% in 2024, -95.04% in 2025, and -98.14% in 2026.

Trading beasts analyzed the past performance of the Algorand market to predict its future price. By April 2023, the price will have dropped to $0.3486868 before rising to $0.4263212 by December.

The opening price for January 2024 is predicted to be $0.4441143, with a closing price of $0.5891704. In 2025, it will begin the year at $0.5998029 and close at $0.697630; hence, it will be positive.

According to Digitalcoin, the average price of Algorand in 2025 will be $0.57. It will be at a maximum of $0.61 and a minimum of $0.60.

Algorand’s growth will be unprecedented between 2023 and 2031. In 2030, we anticipate an average price of $1.35 for Algorand, ranging from $1.39 to $1.30.

According to Cryptopolitan,  the value of one Algorand (ALGO) token is expected to reach $10.58 in 2030. That year, Algorand’s market capitalization will still be lower than Ethereum’s. Hence, it’s still not sure if it will end up being a replacement for Ethereum.

Analysis Q&As

What is Algorand price today?

Algorand price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Algorand?

Algorand hit an all time high of [All High].

What was the lowest price for Algorand?

Algorand had an all time low of [All Low].

What was the 24 hours trading volume of Algorand?

The 24 hour trading volume of Algorand is [Volume].

Where can Algorand be traded?

You can trade Algorand on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Algorand in the market includes ALGO/USD, Algorand/CAD, Algorand/EUR, Algorand/GBP, and Algorand/AUD. Algorand is a token that is related to the ... categories.

What exchange is Algorand on?

Online traders can buy or sell Algorand (ALGO) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Algorand Technicals

See Comparewise coin rating definitions for more information.

Algorand Price Statistics
Algorand Price Today

08/16/2022

Algorand Price

$22,014.48

Algorand Price Change (24H)

$22,014.48

Algorand Price (24H Low)

$22,014.48

Algorand Price (24H High)

$22,014.48

Algorand Price (All Time High)

$22,014.48

Algorand Market Cap

$22,014.48

Algorand Volume (24H)

$22,014.48

Algorand Circulating Supply

$121.3M

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