Algorand (ALGO) Research Project Report

  • Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
  • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali, who has dedicated his career to pioneering research in the field of cryptography.
  • Algorand competes with large payment and financial networks and focuses on industrial use-cases. One of the more notable use-cases involved the Marshall Island's plans to issue Central Bank Digital Currency.
  • Furthermore, Algorand offers highly-customizable smart contracts (ASCs), Asset Tokenization (Algorand Standard Assets), and Atomic Transfers built directly in Layer-1.
  • ALGO is the native asset of the Algorand Protocol and serves as the medium of exchange and store of value. ALGO must further be staked by network validators.
Ranking 37/40  
ALGO Price $1.45  
Price Change 24h $0.04068  
24h Low / 24h High $1.36 / $1.49  
24 Hour Trading Vol $524,161,192.49  
Market Cap $3,775,164,144.96  
Max Supply 10,000,000,000  
Circulating Supply 2,622,221,287  
Theta Price History    
  7d Low / 7d High $1.25 / $1.49
  30d Low / 30d High $0.9881 / $1.49
  90d Low / 90d High $0.3748 / $1.82
  52 Week Low / 52 Week High $0.1659 / $1.82
All Time High $3.28  
About ALGO    
Technical Analysis ALGO/USDT  

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request



Please sign in to leave a comment.