Algorand
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These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$1.36
24 Hour % Change
1.14%
Market Cap
$7.51B
Volume (24h)
$732.96M
USD
Linear
Log
to
Key metrics
24 Hour Low
$1.28
24 Hour High
$1.45
Net change
$0.015417
24 Hour Open
$1.35
All time high
$3.56
Total Supply
5.51B
Returns (24H)
1.14%
Returns (YTD)
322.98%
Volatility (30d)
1.27
Transaction Count (24h)
n/a
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
n/a
About Algorand
Category
Software Platform
Value proposition
Global computer
Algorand is a proof-of-stake (PoS) blockchain that supports smart contracts. Its protocol uses Pure PoS, through which users are selected on a random and secret basis to propose blocks and vote on proposals. In that way, the blockchain ensures that each user’s influence on the choice of a new block is proportional to the user’s stake in the system. Founded by MIT professor and Turing Award recipient Silvio Micali in June 2019, Algorand is designed as a scalable and secure blockchain free of potential governance issues such as forks. The network’s Algorand 2.0 update, released in late 2019, adds decentralized finance (DeFi) features and smart contracts.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
Foundations - Consensus: Distributed
The firms aim to build technology that "appeals to traditional institutions, payment providers [and] governments."
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
Very low spot volume Thursday isn’t helping bitcoin's price.
Bitcoin fell by over $3,300 while options traders see ether going higher.
Market Wrap: Bitcoin Claws Back to $36.4K While 25% of Ether Options Will Expire in March
Jan 13, 2021
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.
