Algorand ALGO Price: Live Charts & Interest Rates

Price of Algorand (ALGO) Today

As of the latest data, Algorand (ALGO) is currently priced at $0.34 with a market capitalization of $2.87B. The 24-hour trading volume stands at $184.78M, The circulating supply of Algorand is approximately $8.36B. The cryptocurrency has seen a -3.62% decrease in value over the past 24 hours.

Platform	Coin	Price
Nexo	Algorand (ALGO)	0.28
PrimeXBT	Algorand (ALGO)	0.28
M2	Algorand (ALGO)	0.28
Uphold	Algorand (ALGO)	0.28
OKX	Algorand (ALGO)	0.28
Binance	Algorand (ALGO)	0.28

Platform

Coin

Price

0.28

0.28

0.28

0.28

0.28

0.28

Platform	Coin	Interest rate
Nebeus	Algorand (ALGO)	Up to 4.5 APY

Platform

Coin

Interest rate

Nebeus

Algorand (ALGO)

Up to 4.5 APY

Platform	Coin	Staking rewards
MyCointainer	Algorand (ALGO)	Up to 4.2 APY

Platform

Coin

Staking rewards

MyCointainer

Algorand (ALGO)

Up to 4.2 APY

Platform	Coin	Interest rate
Nebeus	Algorand (ALGO)	From 10 APR

Platform

Coin

Interest rate

Nebeus

Algorand (ALGO)

From 10 APR

Frequently Asked Questions About Algorand (ALGO)

What is Algorand (ALGO)?

Algorand is a decentralized blockchain platform designed to support efficient and secure transactions. It aims to resolve the blockchain trilemma by providing scalability, security, and decentralization. Stay updated with Algorand news and market trends using the trusted resources on Bitcompare.

How does Algorand ensure transaction speed?

Algorand uses a Pure Proof-of-Stake consensus mechanism, which allows for rapid transaction confirmations and lower fees. To stay informed about Algorand's performance and the latest updates, explore Bitcompare's real-time price comparisons and alerts.

What are the use cases for Algorand?

Algorand is used for various applications, such as decentralized finance (DeFi), digital asset issuance, and secure voting systems. Keep informed about these evolving applications by regularly checking Bitcompare for recent Algorand developments and analyses.

How is Algorand different from other blockchains?

Algorand distinguishes itself through its focus on scalability, fast transactions, and energy efficiency, thanks to its unique consensus algorithm. Visit Bitcompare for sentiment analysis and a detailed comparison with other blockchain platforms.

Where can I buy Algorand (ALGO)?

ALGO can be purchased on several cryptocurrency exchanges. For a comprehensive list and competitive rates, check Bitcompare's exchange comparisons. Bookmark the page to ensure you're informed on the best platforms for trading ALGO.

How do Algorand's transaction fees compare?

Algorand transaction fees are typically lower compared to other blockchains, making it an attractive option for cost-effective transactions. For up-to-date fee comparisons, explore Bitcompare's tools, and stay informed by setting up email alerts for any changes.

Is staking available with Algorand?

Yes, Algorand offers staking opportunities where users can earn rewards by participating in the blockchain's operations. For insights into staking rewards and mechanisms, utilize Bitcompare's analysis tools and stay ahead with the latest updates.

Can Algorand be used for smart contracts?

Yes, Algorand supports smart contracts, which enable automated transactions and facilitate complex applications. Discover how Algorand's smart contracts compare by using Bitcompare's resources, which offer the latest news and detailed comparisons.

Frequently Asked Questions About Algorand (ALGO)