Algorand price (ALGO price live) - Algorand price today

0.1443 EUR (5.11% )
The displayed price is informative and does not represent the trading price.

Rank 65

Market cap

1.20B EUR

Circulating Supply

8.23B ALGO

Max Supply

10.00B ALGO

Algorand price graph for the last 24 hours show the price Algorand crypto token variation (ALGO) on global spot market. Buy Algorand in your user account instantly with EUR at the best exchange rate.

Algorand price evolution (ALGO) - 1 month

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Real time information about Algorand Price

Algorand price (ALGO) today growth with 5.11% and exchange rate 1 ALGO = 0.1443 EUR. Algorand trading volume in the last 24 hours of 33.91M EUR. Algorand price variation in the last 24 hours was 5.11% and Algorand total market capitalization is 1.20B EUR. ALGO price in EUR is updated in real time in Tradesilvania account.

ALGO price history

Algorand price history table ( today , 1 day, 7 days, 30 days, 60 days ) with percent (%) growth ALGO.

Algorand priceALGO exchange rateALGO volume
Today0.1279 EUR56.80M
1 day0.1328 EUR34.78M
7 days0.1304 EUR24.82M
30 days0.138 EUR29.20M

Algorand is one of the many blockchain projects that seeks to expand the possible use cases for cryptocurrencies, by accelerating the speed of transactions and reducing the time required for registration in the blockchain. For additional information about the origin and use of Algorand, you can access the " About Algorand cryptocurrency " page.

Crypto Algorand - price fluctuations

As in the case of traditional investments, an overview must be formed that aims at possible losses or profits at the time of investment in ALGO. At the same time, it should be noted that the demand for Algorand is an increasingly significant factor, because the cryptocurrency is also traded outside the normal schedule of stock exchanges. With an overview of the cryptocurrency, investors can trade calculatedly and take advantage of Algorand price fluctuations.

What determines the price fluctuations of the Algorand cryptocurrency?

Price fluctuations are influenced by a number of dynamic factors:

Demand and supply - cryptocurrency ALGO

Considering the traditional economic concepts, if the demand is high, the price of Algorand will increase. Conversely, if the demands are reduced, the price of the cryptocurrency falls. Demand is influenced by a variety of factors, such as media attention, the global economy and financial regulations. The Algorand Foundation, the organization that supervises and finances the development of the protocol, has set a limit of 10 billion units for the ALGO cryptocurrency, a fact that significantly influences the price of the digital asset.

Popularity and media attention for the ALGO cryptocurrency

The popularity of Algorand cryptocurrency is a major factor influencing the price. Simple curiosity about cryptocurrencies leads to high investments, which affect the market price. At the same time, the price is influenced by announcements from state authorities and companies in the field. The phenomenon of FOMO (fear of missing out) can be created around these situations, which is represented by investors' fear of missing the moment of entering the market. To avoid the feeling of FOMO, investors should educate themselves about the real factors that determine the price of the Algorand cryptocurrency.

Algorand economy and ecosystem

The economic risks of the states are another aspect that can lead to an increase in the price of the Algorand cryptocurrency. Especially in countries with high inflation, people turn their attention to new methods of protecting money, a fact that can influence the value of Algorand.

Real applications for the economy made with Algorand

When a company or entity adopts Algorand's procedures and protocols, these users create demand for the asset because they trade Algorand and give more credibility to the blockchain technology.

Algorand Price - Frequently Asked Questions (FAQ)

What blockchain does the Algorand cryptocurrency use?

Ethereum and native Algorand blockchain technology

How do I mine Algorand cryptocurrency?

It is not possible to mine Algorand because it uses a proof-of-stake protocol. It is possible to generate ALGO by staking in blockchain networks.

What is the highest Algorand price in EUR?

The highest Algorand price was recorded at EUR 2.

How can I buy Algorand at the best price?

The fastest and most advantageous way to buy Algorand is on the platform at the live Algorand price displayed in the Tradesilvania user account 24/7.

What is the Algorand price today?

The Algorand price varies several times per second in the platform and the instant price is available in the user account. Daily purchase limit (ALGO Limit Order type is 1,000,000 EUR/transaction).

Knowing the causes that influence the price of the Algorand cryptocurrency makes it easier to understand the fluctuations. If you have evaluated each factor and want to invest in Algorand (ALGO) , create an account on Tradesilvania and transact in a fast and safe way.

What is the price of Algorand?

Buy 1 Algorand for a price of 0.1443 EUR for today exchange rate of ALGO - EUR only on Tradesilvania platform.

Are you ready to buy Algorand to start building your crypto portfoliu in Tradesilvania platform ?

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ALGO price last update: 07/19/2024, 23:47

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