Algorand (ALGO)

2.67 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

220595203>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

2631346875>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

7,222,668,525.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

7,444,866,741.97
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

10,000,000,000.00
Low High
Week Month Year All Time
High

Feb 02 2023

0.260513565958
0.92%

Jan 30 2023

0.262571988848
0.13%

Feb 08 2022

1.07118315898
-75.46%

Jun 20 2019

-92.62%
Low

Jan 31 2023

0.239927235927
9.58%

Jan 08 2023

0.194549584501
35.13%

Dec 30 2022

0.165282885682
59.06%

Mar 13 2020

149.57%
For Detailed Research of Algorand - Visit - Algorand (ALGO)

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Algorand
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Coin Info

Algorand is a self-sustaining, decentralized blockchain-based network that enables a wide range of applications. These systems are reliable, adaptable, and effective, which are all essential traits for successful real-world applications. Algorand will provide calculations that demand trustworthy performance guarantees to build new types of trust.

The Algorand mainnet was active in June 2019, and by December 2020, it could process around 1 million transactions per day.  The Algorand initial coin offering (ICO) took place in June 2019, at an Algorand pricing of $2.4 per token.

Silvio Micali is a computer science professor at the Massachusetts Institute of Technology and the creator of Algorand. He received the Turing Award in 2012 for his important contributions to the theory and use of secure two-party computation, electronic money, cryptocurrencies, and blockchain protocols. This places him among the world's top developers of cryptocurrency.

On February 17, 2022, the Algorand Foundation announced a $10 million grant to Applied Blockchain to create the London Bridge, a trustless bridge that would provide Ethereum compatibility to the Algorand blockchain. Despite offering low-cost transactions, minimal latency, and high scalability, Algorand has struggled to draw liquidity to its ecosystem. Having a bridge to Ethereum, which presently has the most extensive DApp ecosystem, would allow Algorand to connect to these apps and draw additional liquidity. In the long run, the Algorand Foundation intends to have other chains validate Alogrand's smart contracts by adding state proofs in the form of Compact Certificates into the Algorand Consensus. 

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