Algorand Price Today
As of July 4, 2025, the current price of Algorand (ALGO) is $0.176005. Here’s a breakdown of its recent performance:
- 24-hour change: -6.03%
- 7-day change: +2.21%
- 30-day change: -11.55%
- 1-year change: +28.47%
These metrics are updated every minute to provide real-time accuracy for traders and investors.
Live Market Update
The market dynamics for ALGO are constantly shifting. Key data points include:
- 24-hour trading volume: $55,390,677
- 24-hour price range: $0.17596 (low) to $0.188263 (high)
- All-time high (ATH): $3.56 (June 20, 2019)
- All-time low (ATL): $0.087513 (September 11, 2023)
Market Ranking and Capitalization
Algorand currently holds the #73 rank by market capitalization in the cryptocurrency ecosystem.
- Market Cap: $1,523,376,187
- Fully Diluted Valuation (FDV): $1,523,406,696
Supply Metrics Explained
Understanding token supply is crucial for evaluating any cryptocurrency.
- Circulating Supply: 8,636,351,343 ALGO
- Total Supply: 8,636,524,306 ALGO
- Maximum Supply: 10,000,000,000 ALGO
What is Algorand?
Algorand is a pioneering proof-of-stake blockchain launched in 2019. It was specifically engineered to tackle the "blockchain trilemma"—the challenge of achieving security, scalability, and decentralization simultaneously without compromising on any front.
Founded by MIT professor and renowned computer scientist Silvio Micali, the project aimed to create a more efficient and sustainable blockchain infrastructure. The ALGO token is the native cryptocurrency that powers this ecosystem. It was introduced through an Initial Coin Offering (ICO) in 2019 that raised over $60 million, with an initial price of $2.40 per token.
Key Features of the Algorand Network
Algorand distinguishes itself through a set of robust technological features designed for high performance and security.
Pure Proof-of-Stake (PPoS) Consensus
Unlike energy-intensive proof-of-work systems, Algorand uses a Pure Proof-of-Stake (PPoS) protocol. This mechanism is based on consensus and allows for energy-efficient transaction processing and block production. Validators are selected randomly and secretly, enhancing security and decentralization.
High Scalability
The network is built for speed and volume, capable of processing over 10,000 transactions per second (TPS). This far exceeds the capacity of earlier blockchains like Bitcoin (~7 TPS) and provides a robust foundation for decentralized applications (dApps).
Enhanced Security Measures
Security is paramount on Algorand, achieved through two primary methods:
- Consensus-Level Security: Validators are chosen at random for each block, making it virtually impossible for malicious actors to predict or corrupt the validation process.
- Secret Participation Key: Users who stake ALGO generate a unique participation key separate from their spending key. This separation ensures that staked funds remain secure even if the participation key is compromised.
Commitment to Sustainability
As a proof-of-stake chain, Algorand requires minimal computing power, making it one of the most energy-efficient and environmentally sustainable blockchain platforms available today.
The ALGO Token: Utility and Economics
The ALGO token serves multiple critical functions within the Algorand ecosystem:
- Network Fees: Used to pay for transaction fees.
- Staking Rewards: Users can stake ALGO to participate in network consensus and earn rewards.
- Governance: ALGO holders can vote on important protocol upgrades and decisions.
With a maximum supply capped at 10 billion tokens, ALGO has a defined monetary policy. The gradual release of tokens into circulation helps manage inflation and incentivize long-term participation.
Staking on Algorand
Staking is a core activity for network participants. You can earn rewards by locking your ALGO tokens to help secure the network.
- Through Centralized Exchanges: Many major exchanges offer user-friendly staking services.
- Directly via Governance: Users can connect their wallets to the official Algorand Governance Portal to stake directly and participate in governance, often for higher rewards.
Rewards are proportional to the amount staked, providing an incentive for long-term holding. For those looking to maximize their returns, it's essential to explore more strategies for effective asset management.
Algorand and Ethereum Compatibility
A significant development for Algorand is its ongoing work towards Ethereum Virtual Machine (EVM) compatibility. This initiative, backed by a $10 million grants program from the Algorand Foundation, aims to allow developers to port dApps built on Ethereum to the Algorand network. This compatibility could significantly expand Algorand's ecosystem and utility.
Frequently Asked Questions
How can I start staking my ALGO tokens?
You can begin staking easily on many major centralized cryptocurrency exchanges, which handle the technicalities for a small fee. For a more direct and often more rewarding experience, you can stake through the Algorand Governance Portal by connecting a compatible wallet. This method also grants you voting rights in governance proposals.
What is the primary use case for the ALGO token?
ALGO is the lifeblood of the Algorand network. Its primary uses include paying for transaction fees, participating in governance by voting on proposals, and staking to earn rewards while helping to secure the blockchain. It is also the default currency for any dApps built on Algorand.
Is Algorand built on its own blockchain?
Yes, Algorand is an independent, layer-1 blockchain. It is not a token built on another network like Ethereum or Binance Smart Chain. It operates on its own secure, scalable, and decentralized infrastructure.
What makes Algorand’s consensus mechanism unique?
Algorand uses Pure Proof-of-Stake (PPoS), which randomly selects validators for each block. This randomness enhances security by preventing targeted attacks and ensures a truly decentralized validation process without the need for energy-intensive mining.
Where is the best place to buy Algorand (ALGO)?
ALGO is listed on numerous top-tier centralized exchanges, making it accessible for purchase with fiat currency or other cryptocurrencies. Always ensure you are using a reputable platform with strong security measures. To make an informed decision, you can view real-time tools that compare exchange offerings.
How does Algorand achieve such high transaction speeds?
Algorand's high throughput is achieved through its efficient PPoS consensus mechanism and a block proposal process that occurs in two phases, allowing for rapid finality. This architectural design eliminates bottlenecks and enables the network to scale effectively.