Algorand
ALGOWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$0.555628
24 Hour % Change
7.82%
Market Cap
$2.09B
Volume (24h)
$364.99M
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.502596
24 Hour High
$0.572012
Net change
$0.040387
24 Hour Open
$0.516478
All time high
$3.56
Total Supply
3.75B
Returns (24H)
7.82%
Returns (YTD)
37.26%
Volatility (30d)
1.58
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
May 13, 2020
May 13, 2020
Bitcoin breaks $34K while ether futures continue to gain steam.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
Market Wrap: Bitcoin Closes 2020 Near Record Highs
Dec 31, 2020
Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
Bitcoin’s price is setting records again Thursday as decentralized finance may be overlooked in a heated crypto market.
Market Wrap: Bitcoin Steadies at $18.7K; Big Ether Options Position Around $1,120 Isn’t Bullish
Dec 8, 2020
The bitcoin market dipped again Tuesday while traders have scooped up ether options at the $1,120 price level.