What is Algorand?
Algorand (ALGO) is a Layer-1 blockchain network currently ranked 54th by market capitalization across all crypto assets we track. As a Layer-1 network, ALGO provides settlement, consensus, and computation for a wider ecosystem of applications. The token plays a dual role: paying for transaction fees, and acting as the economic incentive securing the network.
Market position
At the current price of $0.1147, Algorand carries a market capitalization of $1.01B. Daily trading volume across exchanges sits at roughly $31.43M. That works out to a 24-hour turnover of about 3.12% of the float — consistent with healthy market activity for a mid-to-large cap asset.
Price action across timeframes
Over the past 24 hours, Algorand has moved -0.88%; over the past week, Algorand has moved -3.33%; over the past 30 days, Algorand has moved ++10.64%; over the past year, Algorand has moved -50.41%. The trend reads as broadly negative across timeframes — short-, mid-, and long-term momentum align downward.
Cycle position
Algorand is currently trading far below its all-time high (all-time high of $2.65, -95.7% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.0795, current pricing represents a +44% recovery.
Supply & dilution
The circulating supply stands at 8,446,894,635 ALGO. About 84.5% of the maximum supply is now in circulation; remaining issuance is gradual but should be factored into long-term valuation.
Volatility profile
Recent price action puts Algorand in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets. Over the past 30 days, the 30-day move totals +10.64%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Algorand
A balanced read on ALGO typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is ALGO performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
Algorand (ALGO) is a decentralized blockchain platform designed for speed and efficiency, enabling the creation of secure and scalable applications. It uses a unique consensus mechanism called Pure Proof-of-Stake to facilitate fast transactions and maintain network security. Source: CoinPaprika.com