Algorand
Market Open
27 Jul, 04:58
$
0. 083790
-0.00101
-1.191%
$
1.34M Volume
$ 0.0848
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ALGOUSD Overview
ALGOUSD denotes the market price of one Algorand token quoted in US dollars. It reflects how much USD is required to buy or sell a single ALGO on spot markets and is the common reference for USD-denominated trading and valuation.
Algorand (ALGO) is a blockchain-based cryptocurrency launched with its mainnet in June 2019 and designed by cryptographer Silvio Micali. The protocol uses a pure proof-of-stake consensus mechanism aimed at fast finality and scalability, supports smart contracts and on-chain assets, and operates with a predefined maximum supply (10 billion ALGO). The network emphasizes decentralization and low transaction latency.
The ALGOUSD exchange rate is determined by market supply and demand across centralized and decentralized venues, including order books, liquidity pools and over-the-counter trades. Price movements are influenced by trading volume, investor sentiment, on-chain activity, protocol upgrades, macroeconomic conditions and regulatory developments that affect crypto and fiat markets alike.
For traders and investors, ALGOUSD functions as the primary USD benchmark for assessing Algorand’s market value, facilitating spot trading, portfolio allocation, hedging and price discovery. It also serves as the underlying for derivatives and arbitrage strategies.
ALGO can exhibit material volatility and liquidity varies by exchange; these factors create trading opportunities but also increase execution and market risk, so participants should monitor depth and spreads.
Algorand (ALGO) is a blockchain-based cryptocurrency launched with its mainnet in June 2019 and designed by cryptographer Silvio Micali. The protocol uses a pure proof-of-stake consensus mechanism aimed at fast finality and scalability, supports smart contracts and on-chain assets, and operates with a predefined maximum supply (10 billion ALGO). The network emphasizes decentralization and low transaction latency.
The ALGOUSD exchange rate is determined by market supply and demand across centralized and decentralized venues, including order books, liquidity pools and over-the-counter trades. Price movements are influenced by trading volume, investor sentiment, on-chain activity, protocol upgrades, macroeconomic conditions and regulatory developments that affect crypto and fiat markets alike.
For traders and investors, ALGOUSD functions as the primary USD benchmark for assessing Algorand’s market value, facilitating spot trading, portfolio allocation, hedging and price discovery. It also serves as the underlying for derivatives and arbitrage strategies.
ALGO can exhibit material volatility and liquidity varies by exchange; these factors create trading opportunities but also increase execution and market risk, so participants should monitor depth and spreads.
ALGOUSD Chart
Algorand sees 1.8M new contract deployments in past quarter as builder activity surges
Algorand's surge in smart contract deployments highlights growing developer interest, yet token price stagnation suggests market skepticism persists. Algorand sees 1.8M new contract deployments in past quarter as builder activity surges.
Cryptobriefing | 2 weeks ago
ALGO Eyes Breakout Above $0.1272
ALGO is testing $0.1272 again after holding above $0.1005, with bulls needing stronger volume to confirm a breakout from its recent range.
Aped | 2 weeks ago
Algorand forms 2 bullish patterns, but THIS group must step in
ALGO's chart still favors a rebound, but persistent whale selling continues to cast doubt on the recovery.
Ambcrypto | 1 month ago
ALGOUSD FAQ
What is the current Algorand price?
The current price is $0.083790, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.00101 (-1.191%), showing how much the asset has moved compared to the previous close.
What is the previous close for Algorand?
The previous close was $0.084800, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-1.191%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.083800) and highest ($0.084800) prices traded during the selected period, helping assess volatility.
Why is Algorand (ALGO) moving today?
Price movements in Algorand are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.083790) is below the previous close ($0.084800), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Algorand?
You can view real-time charts, price updates, and market data for Algorand (ALGO) directly on this page.
