Current Algorand Price Overview
As of July 4, 2025, Algorand (ALGO) trades at $0.176005, reflecting a -6.03% 24-hour change. Key metrics:
- 1-hour change: -0.37%
- 7-day change: +2.21%
- 30-day change: -11.55%
Market Snapshot
- 24h Trading Volume: $55.4M
- Price Range: $0.17596 (low) to $0.188263 (high)
- All-Time High: $3.56 (June 20, 2019)
- All-Time Low: $0.087513 (September 11, 2023)
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Algorand Market Position
- Market Rank: #73
- Market Cap: $1.52B
- Fully Diluted Valuation: $1.52B
Supply Metrics
| Metric | Amount |
|---|---|
| Circulating Supply | 8.64B ALGO |
| Total Supply | 8.64B ALGO |
| Max Supply | 10B ALGO |
Historical Performance
- 1-Year Change: +28.47%
- 200-Day Change: -57.93%
Understanding Algorand's Blockchain Technology
Solving the Blockchain Trilemma
Algorand (founded 2017 by MIT's Silvio Micali) addresses the core challenges of:
- Scalability: Processes 10,000+ TPS vs Bitcoin's 7 TPS
- Decentralization: Random validator selection
- Security: Byzantine Agreement protocol
Pure Proof-of-Stake (PPoS) Mechanism
- Energy-efficient validation requiring minimal computing power
- Randomized block production: 1 proposer + 1000 approvers per block
- Participation keys separate from spending keys for enhanced security
ALGO Token Utility
- Transaction fees on Algorand blockchain
- Governance voting rights
- Staking rewards for network participants
- DApp ecosystem fuel
Tokenomics
- Initial Price (2019 ICO): $2.40
- Current Price: $0.176 (-95.05% from ATH)
- Max Supply: 10B ALGO
Ethereum Compatibility Developments
- $10M grant program for EVM compatibility
- Potential to run Ethereum DApps on Algorand
- Cross-chain interoperability solutions
👉 Explore staking opportunities for ALGO
Frequently Asked Questions
How does Algorand achieve fast transaction speeds?
Algorand's PPoS consensus eliminates mining delays and uses cryptographic sortition to randomly select validators in seconds.
What makes Algorand more eco-friendly than Bitcoin?
As a PoS blockchain, Algorand consumes ~0.000008 kWh per transaction vs Bitcoin's ~1,173 kWh.
Can I stake ALGO on hardware wallets?
Yes! Ledger and Trezor both support ALGO staking through their Algorand integrations.
Where is the best place to buy ALGO tokens?
Top exchanges include Binance, Kraken, and Coinbase. For decentralized options, check Algofi or Tinyman.
What's the future outlook for Algorand price?
While past performance shows volatility, Algorand's tech fundamentals and growing DeFi ecosystem suggest long-term potential. Always DYOR before investing.
Key Takeaways
- Algorand solves scalability without sacrificing decentralization
- ALGO serves multiple functions from staking to governance
- Current price reflects broader crypto market trends
- EVM compatibility could drive future adoption
- PPoS offers sustainable blockchain infrastructure