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How to Buy Algorand
Good news! You can buy Algorand on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Algorand.
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About Algorand
Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.
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6/4/2025, 3:17:04 AM
Trading Insights
Buyer Ratio
61%0%
Traders
2.1K
0.19%
Buyers
1.3K
-7.88%
Sellers
857
15.65%
Searched
1.3K
Market Stats
Market Cap
$1.72B
FDV
$2.00B
Circ. Supply
8.6B ALGO
Max Supply
10B ALGO
Total Supply
10B ALGO
Performance
Popularity
#53
Dominance
0.05%
Volume (24H)
$48.21M
-3.5%
Volume (7D)
$332.73M
Volume (30D)
$2.48B
All time high
$2.82
Price Change (1Y)
6.22%
Additional info about Algorand
Recent trends
The latest ALGO price is $0.20. Compared to Algorand's value of $0.20 from 24 hours ago, there's been a 0% increase, while the current price is -9% down from $0.22 which was recorded one week ago. Algorand's all time high is $2.82, which was reached on November 18, 2021. This is a -93% change from its price today.
The current circulating supply of Algorand is 8,614,270,252. This is 86% of its max supply of 10,000,000,000 ALGO and 86% of its total supply of 10,000,000,000. The market cap is currently $1.72B, which is a result of multiplying the current price of Algorand($0.20) by the total supply(10,000,000,000 ALGO). The fully diluted valuation of Algorand is $2.00B. The diluted valuation of Algorand is $2.00B.
Market details
ALGO vs markets
↘ 20.33%
ALGO vs BTC
↘ 28.58%
ALGO vs ETH
↗ 57.08%
Tags
pos
platform
research
smart-contracts
+4
Network & Addresses
Network | Address | |
|---|---|---|
Algorand | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.20 | ↗ 0.02% |
1 Day | $0.20 | ↗ 0.02% |
1 Week | $0.22 | ↘ 9.36% |
1 Month | $0.21 | ↘ 2.72% |
1 Year | $0.19 | ↗ 6.22% |
FAQ
Algorand (ALGO) is a distributedledgerthat aims to remove the technical barriers in the blockchain and has a permissionless consensus mechanism.
According to the Algorand whitepaper, the current blockchain faces the main challenges of the “blockchain trilemma”: security, scalability, and decentralization.
Algorand relies on randomness to solve the blockchain trilemma and uses the pure proof-of-stake (PPoS) algorithm built on a Byzantine agreement. A Byzantine agreement is a protocol for communication that allows the distributed system users to reach a consensus in the presence of malicious actors. PPoS helps achieve greater scalability without compromising the decentralization and security of the network while preventing a potential 51% attack.
ALGO is the native utility token of the Algorand network. The token is used to secure the consensus used to build each block on the platform and pay for every transaction. The platform aims to use the token to govern the growth of the Algorand ecosystem and as governance rewards for those who commit to voting as part of governing.
Silvio Micali is the founder of the platform and has been an MIT faculty member since 1983 in the Electrical Engineering and Computer Science Department. He is the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions. Steve Kokinos is the CEO and responsible for the overall business vision and strategy. W. Sean Ford is the COO and responsible for go-to-market execution and operations, including product management, engineering, marketing, and global community development. He also ran the Integration Management Office for LogMeIn's acquisition of Jive Communications in early 2018.
The Algorand Foundation is a not-for-profit organization with a vision of a frictionless, borderless economy built on public, decentralized blockchain technology. The Algorand Foundation has built the Algorand blockchain protocol in partnership with Algorand Inc.
On the Algorand platform, every user receives rewards proportional to their stake for every block committed to the chain. Through this process, Algorand aims to encourage users to join the Algorand platform and accelerate the path to decentralization.
The total max supply of ALGO is 10 billion.
Algorand (ALGO) can be traded at an exchange like Coinbase.
We update our Algorand to USD currency in real-time. Get the live price of Algorand on Coinbase.
The current market cap of Algorand is $1.72B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Algorand is $2.82. This all-time high is highest price paid for Algorand since it was launched.
Over the last 24 hours, the trading volume of Algorand is $48.21M.
Assets that have a similar market cap to Algorand include Cosmos, Sky Governance Token, Arbitrum, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Algorand is 8.6 billion.
Algorand ranks 15 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 99% of Coinbase users are buying Algorand. In other words, 99% of Coinbase customers have increased their net position in Algorand over the past 24 hours through trading.
Yes, Algorand is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Algorand guide.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.