Current Algorand (ALGO) Price and Market Performance
As of July 2, 2025, the price of Algorand (ALGO) stands at $0.182172. Over the past 24 hours, the token has experienced a 5.03% increase, with a 0.39% change in the last hour. Looking at broader timeframes, ALGO has seen a 2.66% movement over the previous seven days and a -6.24% shift in the last month.
Real-Time Market Data
The 24-hour trading volume for Algorand is $88,724,096. During this period, the price fluctuated between a low of $0.170226 and a high of $0.182952. The token's all-time high of $3.56 was recorded on June 20, 2019, while its all-time low of $0.087513 occurred on September 11, 2023.
Market Position and Valuation
Algorand currently holds the #72 position in global cryptocurrency rankings. Its market capitalization is $1,573,080,466, with a fully diluted valuation of $1,573,126,525. These metrics place ALGO among the top digital assets by market value.
Supply Metrics
The circulating supply of ALGO tokens is 8,635,903,440, with a total supply of 8,636,156,294. The maximum supply is capped at 10,000,000,000 tokens, ensuring a controlled emission schedule.
Historical Price Changes
Examining longer-term performance, Algorand has shown a 22.2% price increase over the past year. However, it has experienced a -6.24% change over the last 30 days and a -55.49% movement over the previous 200 days. All market data updates every minute to provide accurate, real-time information.
What Is Algorand?
Algorand is a proof-of-stake blockchain network launched in 2019. The platform was specifically designed to address the blockchain trilemma—the challenge of achieving security, decentralization, and scalability simultaneously. The project emerged from research conducted by an MIT professor in 2017 who aimed to create a blockchain that maximized all three properties.
The ALGO token serves as the native cryptocurrency of the Algorand blockchain. It launched in 2019 through an initial coin offering that raised over $60 million. While the initial token price was $2.40, current trading values are significantly lower.
History and Development of Algorand
Computer scientist Silvio Micali founded the Algorand project in 2017. As a faculty member at MIT's Electrical Engineering & Computer Science Department, Micali had extensive experience in digital assets. His previous work included creating Peppercoin, a micro-payments system, in the early 2000s.
Micali's vision focused on building a blockchain that offered exceptional scalability, security, and decentralization. He implemented a proof-of-stake consensus mechanism, which relies on stakeholder agreement rather than computational power to process transactions and create new blocks.
The Algorand ecosystem consists of two entities: Algorand Inc., a private U.S. company, and the Algorand Foundation, a nonprofit registered in Singapore. The decentralized nature of the project allows ALGO holders to participate in governance decisions concerning the blockchain's future.
Key Features of Algorand
Scalability: The Algorand blockchain can process over 10,000 transactions per second, making it one of the fastest public blockchains available. This significantly outperforms Bitcoin's approximately 7 transactions per second.
Sustainability: As a proof-of-stake blockchain, Algorand requires considerably less computing power and energy than proof-of-work networks. This makes it an environmentally friendly option for developers and users.
Decentralization: Algorand maintains true decentralization without centralized control. Validators and ALGO token holders govern the network decisions. The random selection of validators ensures broad participation, as any token holder can potentially validate transactions and earn rewards.
Security: The consensus-level security protocol prevents malicious actors from gaining control. Validators are selected randomly and secretly, making it impossible for bad actors to coordinate attacks. This ensures the integrity of all ALGO transactions.
ALGO Token Supply and Distribution
The current circulating supply of ALGO tokens is 8,635,903,440 out of a maximum supply of 10 billion. With a market capitalization of $1,573,080,466, Algorand ranks among the top cryptocurrencies globally by market value.
Security Measures on the Algorand Network
Consensus-Level Security: The blockchain randomly selects validators from around the world to verify transactions. This geographic diversity prevents collusion among malicious validators attempting to compromise the network.
Secret Participation Key: Users who stake ALGO tokens generate a separate participation key that expires after several rounds. This separation between spending keys and participation keys ensures that staked tokens remain secure throughout the validation process.
Ethereum Compatibility Efforts
Algorand is working toward compatibility with the Ethereum Virtual Machine (EVM). This compatibility would allow decentralized applications built on Ethereum to run on the Algorand blockchain. In February 2022, the Algorand Foundation announced $10 million in grants for developers working on this technical challenge.
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Staking Mechanism: Pure Proof-of-Stake
Algorand utilizes a Pure Proof-of-Stake (PPoS) protocol based on consensus. Users can lock their ALGO tokens for specific periods to help secure the network and verify transactions. In return, stakers receive a portion of the transaction fees paid to the blockchain.
The selection of stakers is random and secret. Rewards depend on the amount of tokens staked—higher amounts yield greater potential returns. This mechanism encourages active participation while maintaining network security.
Block Production Through PPoS
New blocks on the Algorand blockchain are produced in two phases. First, a single token is randomly selected, and its owner proposes the next block. Second, 1,000 tokens are randomly chosen, and their owners approve the proposed block. This two-phase approach ensures both efficiency and security in transaction validation.
The ALGO Token: Native Cryptocurrency
ALGO serves as the native token for the Algorand blockchain, used for paying transaction fees and rewarding participants in the consensus mechanism. The token launched in June 2019 through an ICO that sold 25 million coins at $2.40 each, raising approximately $60 million.
The maximum supply is capped at 10 billion tokens, with current circulation at 8,635,903,440. The current price represents a -94.89% change from its all-time high of $3.56 recorded on June 20, 2019.
Algorand (ALGO) Price Analysis
All-Time High Performance: Algorand reached its peak price of $3.56 on June 20, 2019. Since then, the token has declined by -94.89% from this historical high.
All-Time Low Recovery: The token's lowest point occurred on September 11, 2023, when it dropped to $0.087513. ALGO has since recovered by 108% from this record low.
Where to Acquire Algorand (ALGO)
You can purchase ALGO tokens on numerous cryptocurrency exchanges. Popular centralized platforms including Binance, Huobi, Kraken, and Coinbase offer ALGO trading pairs with both fiat currencies and other digital assets. Currently, decentralized exchanges that don't require identification documents rarely support ALGO trading.
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Frequently Asked Questions
How can I stake Algorand tokens?
You can stake ALGO directly on centralized exchange platforms like Coinbase or Nexo, which take a percentage of rewards as fees. Alternatively, you can connect your wallet to the Algorand Governance Portal for direct staking participation.
What are the primary uses of Algorand?
ALGO serves as the native token for decentralized applications built on the Algorand blockchain. It's used for paying transaction fees, accessing services within dApps, and staking to earn additional rewards through network participation.
Which network does Algorand operate on?
Algorand operates as an independent blockchain network rather than being built atop another blockchain. It hosts various decentralized applications and maintains its own consensus mechanism and security protocols.
What makes Algorand's consensus mechanism unique?
Algorand uses Pure Proof-of-Stake, which randomly selects validators to propose and approve blocks. This approach ensures security while maintaining decentralization and energy efficiency compared to proof-of-work systems.
How does Algorand address scalability challenges?
The network achieves high throughput through its efficient consensus protocol and block production method, enabling over 10,000 transactions per second without compromising security or decentralization.
What is the token distribution schedule for ALGO?
The maximum supply is capped at 10 billion tokens, with current circulation approaching 8.6 billion. The emission schedule follows a controlled distribution plan managed by the Algorand Foundation.