Overview of Algorand (ALGO)
- Current Price: $0.1754 USD (-5.78% change)
- Market Capitalization: $1.5 billion (#53 rank)
- 24-Hour Trading Volume: $48.8 million (#75 rank, -32.92% change)
- Circulating Supply: 8,352,675,037 ALGO
- Total Supply: 10,000,000,000 ALGO
- All-Time High: $3.04 (-94.23% from peak)
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Key Algorand Metrics
| Metric | Value |
|---|---|
| Fully Diluted Valuation (FDV) | $1.8 billion |
| 24-Hour Price Range | $0.1740–$0.1879 |
| Coin Type | Coin (PoS) |
| Platform | Algorand Blockchain |
| Launch Year | 2019 |
Price Performance
- 1-Hour Change: -0.34% (USD), -0.56% (BTC)
- 7-Day Change: +1.64% (USD), -0.16% (BTC)
- 30-Day Change: -10.80% (USD), -13.85% (BTC)
- 1-Year Change: +20.37% (USD), -33.05% (BTC)
Historical Data & ROI
- ICO Price (2019): $2.40 (-92.69% ROI)
- 52-Week Range: $0.0951–$0.6031
- 3-Month Volatility: 40.35%
- Max Drawdown: -97.36%
Technical Analysis
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 54.64 | Neutral |
| SMA (50) | 0.1940 | Sell |
| EMA (200) | 0.2189 | Sell |
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FAQs About Algorand (ALGO)
1. What is Algorand’s consensus mechanism?
Algorand uses Pure Proof-of-Stake (PPoS), ensuring fast transactions and low energy consumption.
2. How does ALGO’s current price compare to its ICO?
ALGO’s ICO price was $2.40; its current price ($0.1754) reflects a -92.69% return for ICO investors.
3. Where can I buy Algorand?
ALGO is available on 54 exchanges, including major platforms like OKX and Binance.
4. What drives Algorand’s price volatility?
Factors include market sentiment, adoption of its blockchain for DeFi/NFTs, and macroeconomic trends.
5. Is Algorand a good long-term investment?
While past performance shows volatility, ALGO’s scalable technology and institutional partnerships may offer growth potential.
Final Thoughts
Algorand remains a prominent layer-1 blockchain, balancing decentralization with efficiency. Monitor its developer activity and ecosystem expansions for future price cues.