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Algorand logo Algorand (ALGO)

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An impartial, objective analysis of Algorand's features to help you compare it with other coins.
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Algo is the native cryptocurrency of Algorand Blockchain. Algorand blockchain is open-source and decentralized. Algorand Blockchain has its unique consensus mechanism with a two-tiered structure based on proof of stake. Algorand was created by MIT professor Silvio Micali and launched in 2019. Algorand aims to solve blockchain trilemma with ultra-fast transactions with high security. Algo is a promising coin focused on payment network functionality.

With a total market cap of over $988 million, Algorand is the No. 61 cryptocurrency by market size. The currency symbol for Algorand is ALGO. There will only ever be 10 billion Algorand tokens issued. So far 8 billion tokens (80% of the total supply) have been issued.

We found crypto protocols offering up to 6.7% APY on Algorand deposits (6.7% APY CeFi) and loans as low as 8% APR against Algorand used as collateral. Check out our Algorand staking yields table and Algorand loan rates table for further details.

Algorand Price History

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7 Days


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1 Year
All Time Low
$0.0875 USD
11 Sep 2023
221 days ago
All Time High
$3.56 USD
20 Jun 2019
4 years and 305 days ago

Will the Price of Algorand Go Up or Down?

The technical price analysis for Algorand below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Algorand.

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Algorand YouTube Reviews

Algorand FAQs

AThe highest price that Algorand ever reached was $3.56 USD. This all time high price occured on 20 Jun 2019.
AThe lowest price that Algorand ever reached was $0.087513 USD. This all time low price occured on 11 Sep 2023.
AYes you can find the Algorand Reddit channel at
AAlgorand uses a proof of stake concensus algorithm.
AYes, staking is available for Algorand on a number of platforms. For a full list of Algorand staking yields see our list of Algorand staking yields.
AYou can earn up to 6.7% APY by staking your Algorand tokens. Check out our Algorand staking yields table for further details.
ARight now the best staking rates are on Coinbase with an income rate of up to 6.7% APY.
AYou can check the technical indicators for Algorand on the Algorand Price Trend tab. These indicators are based on the analysis of multiple trading signals for Algorand.
AYou can find the cheapest exchange on which to buy Algorand on the Algorand Buy tab.
AAlmost all Algorand loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Algorand flash loans which allow you to borrow uncollateralised Algorand for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Algorand loans on the Algorand Loans tab.
AThe following venture capital firms have invested in Algorand: Arrington XRP Capital, Exnetwork Capital, Multicoin Capital, Union Square Ventures (USV) and Kenetic Capital.

Algorand Comparisons

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