Algorand (ALGO) USD Price

Algorand Price Data

Algorand (ALGO) currently has a price of $0.19 and is down -4.15% over the last 24 hours. The cryptocurrency is ranked 66 with a market cap of $1.5B. Over the last 24 hours, it saw $49.2M of trading volume. The token has a circulating supply of 8.1B tokens out of a total supply of 8.1B tokens.

Algorand, created by Silvio Micali, is a distinctive blockchain protocol that tackles the primary hurdles faced by current blockchain networks: security, scalability, and decentralization. It introduces Pure Proof-of-Stake (PPoS), a consensus protocol that is highly efficient, secure, and eco-friendly, significantly minimizing energy consumption compared to Proof-of-Work systems.