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$0.2295USD

+2.12%1D

The Algorand (ALGO) price in United States Dollar is $0.2295 USD as of 17:24 (UTC) today.

Algorand (ALGO) has been listed in the Innovation and Layer1 Zone. You can quickly sell or buy ALGO. Spot Trading Link: ALGO/USDT.

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Price chart

Algorand price USD live chart (ALGO/USD)

Last updated as of 2025-08-02 17:24:23（UTC+0）

Live Algorand price today in USD

The live Algorand price today is $0.2295 USD, with a current market cap of $2.00B. The Algorand price is up by 2.12% in the last 24 hours, and the 24-hour trading volume is $91.40M. The ALGO/USD (Algorand to USD) conversion rate is updated in real time.

How much is 1 Algorand worth in United States Dollar？

As of now, the Algorand (ALGO) price in United States Dollar is valued at $0.2295 USD. You can buy 1ALGO for $0.2295 now, you can buy 43.57 ALGO for $10 now. In the last 24 hours, the highest ALGO to USD price is $0.1790 USD, and the lowest ALGO to USD price is $0.1736 USD.

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Algorand market Info

Price performance (24h)

24h

24h low $0.1724h high $0.18

All-time high:

$3.28

Price change (24h):

+2.12%

Price change (7D):

-3.56%

Price change (1Y):

+29.46%

Market ranking:

#47

Market cap:

$1,995,091,527.89

Fully diluted market cap:

$1,995,091,527.89

Volume (24h):

$91,399,065.64

Circulating supply:

8.69B ALGO

Max supply:

About Algorand (ALGO)

What Is Algorand?

Algorand is a decentralized network that was designed to address the Blockchain Trilemma, which encompasses the challenges of achieving speed, security, and decentralization simultaneously. Founded by the computer scientist and MIT professor Silvio Micali in 2019, Algorand is an open-source blockchain platform that anyone can build upon. It stands out for its impressive capability to process over 1,000 transactions per second (TPS) and achieve transaction finality in less than five seconds. This rapidity is combined with a strong emphasis on security and decentralization.

The platform uses a Proof-of-Stake (PoS) consensus mechanism and distributes validator rewards to all holders of its native ALGO cryptocurrency. This approach ensures both high throughput and equitable community incentivization, making Algorand suitable for a wide range of global applications.

Algorand's architecture is unique, featuring a two-tiered blockchain structure. The base layer, Layer 1, supports smart contracts, asset creation, and atomic swaps between assets. This layer ensures security and compatibility. The second layer, Layer 2, is reserved for more intricate smart contracts and decentralized application (dApp) development. This bifurcation allows Algorand to process transactions efficiently, with simple transactions being processed swiftly on Layer 1 without interference from more complex smart contracts

Resources

Official Whitepaper: https://algorand.com/technology/white-papers

Official Website: https://algorand.com/

How Does Algorand Work?

Algorand operates on the Proof of Stake mechanism, termed Pure Proof of Stake (PPoS). This consensus mechanism is highly democratized, requiring only one ALGO coin to participate, making it accessible to a broad range of users. In the PPoS system, validator nodes are chosen randomly to confirm transaction data in a block.

This process involves two phases: proposing and voting. Any member of the Algorand network can partake in these phases by staking ALGO and generating a valid participation key. The proposal phase involves the selection of a block leader to propose the current block. This leader is chosen through Algorand's verifiable random function (VRF), a mechanism that selects nodes in a provably random manner. Following the proposal, the voting phase begins, where Participation Nodes are elected to a committee responsible for ensuring the integrity of the current block. If the block is approved, it's added to the blockchain; if not, the network enters recovery mode.

What Is The ALGO Token?

ALGO is Algorand's native cryptocurrency. The total supply of ALGO is capped at 10 billion coins. The current circulating supply of ALGO is 7.8 billion. It plays a pivotal role in the network's structure. Unlike many other platforms where only block producers receive rewards, in Algorand, rewards are distributed among all ALGO coin holders. This inclusive approach means that all ALGO coin holders can earn an annual percentage yield (APY). Users don't need to actively stake the coin for block production; merely holding ALGO in a non-custodial wallet or on an exchange allows them to access earned rewards.

Algorand's Impact on Finance

Algorand is making significant strides in the financial sector, particularly in the realm of decentralized finance (DeFi). The platform's efficiency, security, and scalability make it an attractive choice for dApp developers and DeFi traders, especially those seeking alternatives to Ethereum due to its rising gas fees. Additionally, Algorand's capability to host other cryptocurrencies and blockchain-based projects positions it as a direct competitor to Ethereum.

The Algorand Standard Asset (ASA) protocol allows developers to create new tokens or transfer existing ones to the Algorand ecosystem. Notably, stablecoins like USDT and USDC exist as ASAs on Algorand, benefiting from higher throughput and lower transaction fees than on Ethereum. Furthermore, as central banks explore networks for their central bank digital currencies (CBDCs), Algorand emerges as a top contender, with the Marshall Islands already selecting it to host their CBDC.

What Determines Algorand's Price

In the dynamic world of cryptocurrencies, the Algorand price has become a focal point of discussion among investors and crypto enthusiasts. Many are constantly seeking updates on the ALGO price today, which seems to be influenced by a myriad of factors, including its unique blockchain platform renowned for scalability and speed.

Various platforms offer Algorand price predictions, focusing on its Pure Proof of Stake (PPoS) consensus mechanism, a major attraction for large institutions and companies. They utilize Algorand's infrastructure layer to address real-world issues requiring scale, speed, and cost efficiency. Furthermore, the ALGO crypto price is significantly impacted by the initiatives and developments spearheaded by the Algorand Foundation. This non-profit entity nurtures the Algorand ecosystem through vibrant community engagement, innovative research, and governance initiatives.

Investors keeping a close eye on the Algorand ALGO price live must note that the ALGO coin price is inherently tied to its utility within the network. The current Algorand price may fluctuate based on transaction fees on the network, which stood remarkably low at 0.001 ALGO as of October 2022. The ALGO USD price also tends to respond to participation in the Governance Program, where ALGO can be staked for voting on significant proposals concerning the protocol's future, offering enticing rewards to participants. These aspects, coupled with community engagement, have the potential to elevate the Algorand coin price, as evidenced in various Algorand price charts.

Analyzing the Algorand price history, it's clear that the platform has progressed significantly since its 2017 inception by Professor Silvio Micali. The ALGO market cap has steadily increased, showcasing a network capable of processing up to 6,000 transactions per second. This makes it a formidable competitor against first and second-generation blockchains like Bitcoin and Ethereum. Those conducting ALGO price analyses frequently spotlight the technological advancements and growing adoption of the Algorand blockchain in sectors such as financial services, decentralized finance (DeFi), and fintech.

Looking ahead, the latest news on Algorand paints a promising trajectory for the cryptocurrency. The forecast for Algorand price is bolstered by its green blockchain initiative, where it has considerably offset carbon emissions since April 2021. Furthermore, predictions for the Algorand price in 2023 hinge on ongoing projects in the ecosystem, with a spotlight on decentralized finance sectors like lending and trading. Keeping a tab on real-time ALGO price movements and scrutinizing the ALGO price graph can offer insights into potential growth trajectories. As the ALGO cryptocurrency price reacts to internal ecosystem developments and broader market trends, investors are keenly observing to see if the upward trend in Algorand's token price will persist, reflecting its robust foundation and bright future.

AI analysis report on Algorand

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Algorand project analysis reportView report

Algorand Price history (USD)

The price of Algorand is +29.46% over the last year. The highest price of ALGO in USD in the last year was $0.6028 and the lowest price of ALGO in USD in the last year was $0.09505.

TimePrice change (%)

Lowest price

Highest price

24h+2.12%$0.1736$0.1790

7d-3.56%$0.1700$0.1918

30d-5.77%$0.1527$0.2088

90d+4.39%$0.1493$0.2584

1y+29.46%$0.09505$0.6028

All-time-25.89%$0.08761(2023-09-11, 1 years ago )$3.28(2019-06-21, 6 years ago )

Algorand price historical data (all time)

What is the highest price of Algorand?

The ALGO all-time high (ATH) in USD was $3.28, recorded on 2019-06-21. Compared to the Algorand ATH, the current Algorand price is down by 93.00%.

What is the lowest price of Algorand?

The ALGO all-time low (ATL) in USD was $0.08761, recorded on 2023-09-11. Compared to the Algorand ATL, the current Algorand price is up 161.97%.

Algorand price prediction

When is a good time to buy ALGO? Should I buy or sell ALGO now?

When deciding whether to buy or sell ALGO, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget ALGO technical analysis can provide you with a reference for trading.

According to the ALGO 4h technical analysis, the trading signal is Strong sell.

According to the ALGO 1d technical analysis, the trading signal is Sell.

According to the ALGO 1w technical analysis, the trading signal is Buy.

What will the price of ALGO be in 2026?

Based on ALGO's historical price performance prediction model, the price of ALGO is projected to reach $0.2457 in 2026.

What will the price of ALGO be in 2031?

In 2031, the ALGO price is expected to change by +4.00%. By the end of 2031, the ALGO price is projected to reach $0.2836, with a cumulative ROI of +22.60%.

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Global Algorand prices

How much is Algorand worth right now in other currencies? Last updated: 2025-08-02 17:24:23（UTC+0）

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FAQ

Is Algorand (ALGO) a good investment?

Algorand (ALGO) ranks prominently among the leading 50 cryptocurrencies by market cap as of August 2023, positioning it as a notable investment contender. Here's why ALGO could be a key addition to your investment portfolio: Esteemed Development Team Led by the acclaimed Professor Silvio Micali, a Turing Award recipient, Algorand boasts a team with unparalleled expertise in computer science. Their solid foundation in innovation and research lends credibility to the Algorand project. Eco-friendly and Efficient Algorand's unique Proof-of-Stake (PoS) blockchain emphasizes efficient transaction processing. Renowned for being one of the most environmentally-conscious blockchains worldwide, Algorand ensures dependable, green performance. Seamless Integration with Ethereum The Algorand Virtual Machine (AVM) offers interoperability with Ethereum, a crucial feature enticing dApp developers. By providing an economical and scalable platform for new projects, the expanding Algorand ecosystem positions ALGO as a promising investment. Rising in the Web3 Era Beyond its prowess in DeFi and NFTs, Algorand is poised to shine in the web 3.0 landscape. As web3 applications continue to proliferate on its blockchain, the demand and potential value surge for Algorand can be anticipated.

Where will ALGO price go?

Algorand's (ALGO) potential in the crypto market is underscored by key factors: Ethereum Compatibility and DeFi Boom: ALGO's alignment with Ethereum and the burgeoning DeFi sector positions it favorably. Ethereum's network issues further spotlight Algorand as a viable alternative for developers. Notable Gains: In 2021, ALGO boasted a staggering 250% ROI, marking its place among top-performing cryptocurrencies. This growth was fueled by rising demand for DeFi and Algorand-based dApps. Prospective Upswing: ALGO's future value hinges on sustained tech adoption and overall crypto market sentiment. While its historical performance is commendable, investors should practice due diligence, consider market trends, and gauge risk when investing in ALGO or other digital assets.This makes algo an interesting choice for an investment

What is ALGO Token used for?

Algorand's (ALGO) ecosystem boasts a multifaceted utility: Utility Token of Algorand ALGO serves as the primary currency for transaction fees within Algorand's diverse applications. By staking ALGO, holders participate in the consensus process, bolstering the network's robustness. In return, they gain passive earnings from block creation transaction fees. Invest in ALGO Algorand's compatibility with Ethereum boosts its appeal. As developers and users increasingly embrace the platform, the upward movement in ALGO's price solidifies it as an investment-worthy asset. Generate Steady Earnings Multiple avenues exist for ALGO holders to earn passively. Beyond Algorand blockchain staking, investors can stake on DeFi platforms and exchanges. Lending ALGO on platforms like KuCoin also offers lucrative returns, propelling portfolio growth.

How to stake ALGO on Algorand network

Earning passive income through ALGO staking on the Algorand network is both beneficial and supportive of the blockchain. Here's a step-by-step guide to stake your $ALGO: Get an ALGO-compatible wallet. Some popular choices are Pera Wallet, Atomic Wallet, and Ledger Wallet. Procure ALGO on platforms like KuCoin, then transfer to your wallet. Navigate to the Algorand governance platform, typically located in the staking or governance section of your wallet. Look for the delegate ALGO option within this portal and click on it. A list of validators will appear. These entities ensure the network's security. Note that rewards may differ based on your validator selection. Finalize your delegation and authenticate the transaction using your wallet.

How much can you make from staking ALGO?

The current estimated reward rate of Algorand is 6.86%. This means that, on average, stakers of Algorand are earning about 6.86% if they hold an asset for 365 days.

How often are ALGO rewards distributed?

The Algorand Governance initiative operates in three-month cycles, comprising a registration stage, a balloting phase, and a reward distribution period. ALGO incentives are dispensed within the initial week following the cycle's conclusion

What factors are currently influencing Algorand's price?

Algorand's price is influenced by market trends, adoption of its technology, partnerships, and overall sentiment in the cryptocurrency market.

What is the current price of Algorand and is it expected to rise?

The current price of Algorand can be checked on platforms like Bitget Exchange. Price projections vary based on market conditions and expert analyses.

How does Algorand's price compare to other cryptocurrencies?

Algorand's price can be compared to other cryptocurrencies on Bitget Exchange to gauge its performance against market leaders like Bitcoin and Ethereum.

What is the all-time high price for Algorand?

The all-time high price for Algorand was around $3.56, reached in June 2019. Current price information can be checked on Bitget Exchange.

Is Algorand a good investment based on its price history?

Investing in Algorand should be based on its price history, market trends, and your individual risk tolerance. Use tools on Bitget Exchange to analyze its historical performance.

What do analysts predict for Algorand's future price?

Analysts have varying predictions based on technical and fundamental analysis. Insights can be found through market analysis tools available on Bitget Exchange.

How can I buy Algorand at the best price?

To buy Algorand at the best price, track its price movement on Bitget Exchange and consider placing limit orders during favorable market conditions.

Why did Algorand's price drop recently?

Price drops can be attributed to broader market corrections, negative news, or competition. Specific reasons can often be found by researching news sources or market analyses related to Algorand.

What role does Algorand play in the DeFi space and how does this affect its price?

Algorand's scalability and low transaction costs make it attractive for DeFi applications, which can positively influence its price as demand for these services increases.

How can I track Algorand's price in real-time?

You can track Algorand's price in real-time by using price trackers or directly on Bitget Exchange for up-to-date pricing information.

What is the current price of Algorand?

The live price of Algorand is $0.23 per (ALGO/USD) with a current market cap of $1,995,091,527.89 USD. Algorand's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Algorand's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Algorand?

Over the last 24 hours, the trading volume of Algorand is $91.40M.

What is the all-time high of Algorand?

The all-time high of Algorand is $3.28. This all-time high is highest price for Algorand since it was launched.

Can I buy Algorand on Bitget?

Yes, Algorand is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy algorand guide.

Can I get a steady income from investing in Algorand?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Algorand with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Algorand (ALGO)?

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Cryptocurrency investments, including buying Algorand online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Algorand, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Algorand purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

ALGO/USD price calculator

ALGO

USD

1 ALGO = 0.2295 USD. The current price of converting 1 Algorand (ALGO) to USD is 0.2295. Rate is for reference only. Updated just now.

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Algorand ratings

4.6

101 ratings

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14h

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After one week of hacking, we had an intense day of demos with every single participants presenting what they got done and their plan for the next week We started with a presentation by @williamhwgeorge on pairwise bounded comparisons for groups, basically applying cluster QF formulas to pairs rather than groups @sarkazein7 followed it up with an application to OSS, attempting to quantify the value of contributions to git repositories @hey_stefi_ then did a deep dive into automated metrics to evaluate progress, based on which we can have a more regular stream or RPGF rewards than we currently do This livestreamed segment was rounded up by @clesaege who presented a model where traders can bet on a repos score by a judge if it was evaluated, while @juanbenet gave us a concrete use case for all these ideas: the PL dev guild that gets a new cohort every 6 weeks enabling rapid iteration of new ideas, with payouts to them depending on scores given by their mentors The 2nd half was not livestreamed, so I'm only taking names where i have permission to do so @CS_Synthesist gave a talk on a computerized system for managing people, with particular interest in condorcet voting as a formula Another participant spoke about modelling agent behavioral in these impact evaluator systems and how it changes with extended timelines and clear vs lottery reward functions The next participants then spoke about how impact evaluators become more right upon application of control theory, with a 3 step process: defining a goal or success, defining key actors (like miners in btc) along with the outcome we want (preventing double spend) and finally letting the system self organized through the fitness landscape defining the outcome but not steps required to get there Next up was a presentation on how retro rewards can ideally lead to long term cooperation instead of short term opportunism by shaping collaborative behavior Ideally we have an assess, estimate, infer loop that links impact evaluation with impact. Next was an application of this framework to create a graph of actions, run a pagerank algo to get weights & finally put into a reward function for distribution in online gaming or for impact certificates We then got a theoretical perspective from @0xNaiky on how despite being endogenous loops, impact evaluators still depend on an external factor (price) for the incentive system to work A very specific application of IEs was then proposed by @iammadab in the mathematical domain of formal verification, where a new programming language called lean allows for more seamless Collab by showing proofs without having to actually so them @bah_eth had a really fun presentation on combining pump fun memecoin dynamics with kaito style rewards for social media activity Our goal is capturing social media impulsive behavior with pump & dump schemes to create long term value for communities rather than enrichment of a few @davidgasquez then looked at how we can get better rankings from AI, highlighting issues with jury such as order of voting being important or LLMs giving everything a 7/10 He applied a pairwise model where AI can be given a list of items to compare as input and as output we get a rank between them @dwddao followed up with a provocative invitation to all participants for creating a digital twin of themselves, using just 1 hour of their speaking time in a podcast. His key insight was to decoupled opinion from judgment We then had a presentation on generalizing the @ProtocolGuild contract so that anyone can create a splits and give weights between them using any formula they prefer @owocki then spoke on solving eths biggest challenges, evolving capital allocation software & alignment between tokenholders, contributors & ecosystem, via tokenizable extractable value thru proof of allocation intelligence We then had ideas on provable data being brought onchain to measure IEs & standard structures to communicate impact (cont'd)

The last 2 demos of the day were particularly interesting to me personally One was how we need to scale evaluation since we only have money for doing some He proposed using a netflix style algo where we break down a bigger matrix into a smaller one with topical themes, but which can be fed back into the bigger matrix with more values Final presentation of the day was @thelazyliz who dug deep into our deep funding jury data and found a formula to normalise juror ratings, so that one who gives a high rating to everything doesn't impact the allocation outcome more than a juror who gives low scores to all Overall quite a meaty but exhausting day. @Shakaleikaumaka put it well when he said we've already reached the point that many retreats take a month to get to. We now have another week to convert these kernels into something that can deliver

Somehow the algo started showing me crypto accounts opining on MSTR and man they really struggle with understanding it

interesting day in l1 land. $algo drops fresh roadmap focusing on quantum security and tokenized markets - @SantoXBT noting it's 'eyeing the future while most chains fight over tps'. meanwhile @Aptos ships shoal++ consensus upgrade live on mainnet, pushing transaction speeds

ALGO-2.71%

Algorand technical analysis

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