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
$0.821904
24 Hour % Change
7.91%
Market Cap
$4.58B
Volume (24h)
$434.75M
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.671379
24 Hour High
$0.837464
Net change
$0.060575
24 Hour Open
$0.766126
All time high
$3.56
Total Supply
5.57B
Returns (24H)
7.91%
Returns (YTD)
154.98%
Volatility (30d)
1.26
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. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
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
Market Wrap: Bitcoin Pops to $36.8K, Other Cryptos Higher Despite Worrying China Signals
Jun 9, 2021
Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.
Bitcoin dipped below $36K and ether fell under $2.6K on Tesla CEO’s bearish tweets, wiping out some leveraged players in the market.
Bitcoin is stabilizing after a wild May as traders gather in Miami. DOGE sees further gains.
Miami was chosen because of its blockchain and crypto-friendly outlook.
The past weekend saw the lowest number of bitcoin transfers from exchanges in 2021.
