Convert and Swap Algorand ALGO to United States Dollar USD
ALGO/USD: 1 Algorand equals $0.35 USD
Last update: 1:45 PM, December 22, 2024
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Algorand is falling this week.
The current price of Algorand is $0.35 per ALGO. With a circulating supply of 8,334,773,863.436 ALGO, it means that Algorand has a total market cap of $2,914,399,494.44. The amount of Algorand traded has fallen by $69,059,162.62 in the last 24 hours, which is a 19.26% decrease. Additionally, in the last day, $358,577,923.15 worth of ALGO has been traded.
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About Algorand
Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.
Algorand (ALGO) is a decentralized, blockchain-based network that aims to support a broad range of applications. It was designed to enhance transaction speeds and efficiency, addressing the slow transaction times associated with other blockchains. Algorand's network is secure, scalable, and efficient, making it suitable for real-world applications. The network operates on a permissionless pure proof-of-stake (PoS) blockchain protocol, which eliminates the need for energy-intensive mining processes. Algorand's mainnet went live in June 2019 and by December 2020, it was capable of handling nearly 1 million transactions per day.
Algorand operates on a permissionless pure proof-of-stake (PoS) blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators using computing power, in Algorand's pure proof-of-stake approach, all validators are known to each other and only need to agree on the next block to create a new one. Algorand's native cryptocurrency, ALGO, plays a crucial role in its network. Rewards for creating blocks are distributed among all coin holders, not just block producers. This unique protocol architecture aims to encourage participation in the Algorand network and facilitate decentralization.
Algorand aims to support a wide range of applications, particularly those that require reliable performance guarantees. Its fast transaction speeds, low fees, and scalability make it suitable for various use cases. Algorand's network can be used to pay for transactions, purchase on-chain items such as NFTs, participate in DeFi as an investor, participate in governance, and secure consensus among participation nodes. Furthermore, Algorand's compatibility with Ethereum, as announced by the Algorand Foundation in February 2022, aims to attract more liquidity to its ecosystem and connect to Ethereum's robust DApp ecosystem.
Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology. Micali is a recipient of the Turing Award for his significant contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols. Algorand's mainnet became live in June 2019, and its initial coin offering (ICO) was held in the same month. The genesis of the Algorand blockchain states that 10 billion ALGO was minted, with the distribution of the fixed and immutable 10 billion ALGO set to end in 2030. Since its inception, Algorand has not experienced any network downtime, demonstrating its reliability and stability.
How Algorand and United States Dollar differ
Algorand (ALGO) and the US Dollar (USD) are two distinct forms of currency, each with their unique characteristics. Algorand is a decentralized, blockchain-based network that aims to support a broad range of applications. It operates on a permissionless pure proof-of-stake (PoS) blockchain protocol, which eliminates the need for energy-intensive mining processes. Algorand's network is secure, scalable, and efficient, making it suitable for real-world applications. It can handle nearly 1 million transactions per day, and its native cryptocurrency, ALGO, plays a crucial role in its network. On the other hand, the US Dollar is a traditional, centralized currency issued and regulated by the Federal Reserve. It is used for a wide range of transactions, from everyday purchases to international trade. Unlike Algorand, the US Dollar does not rely on blockchain technology, and its value is not determined by a network of users but by economic factors such as inflation, interest rates, and foreign exchange market dynamics.
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The exchange rate of Algorand is increasing.
The current value of 1 ALGO is $0.35 USD. In other words, to buy 5 Algorand, it would cost you $1.75 USD. Inversely, $1.00 USD would allow you to trade for 2.86 ALGO while $50.00 USD would convert to 142.94 ALGO, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 16.98%. Meanwhile, in the last 24 hours, the rate has changed by 4.68%, and that the the highest exchange rate of 1 ALGO to United States Dollar was $0.36 USD and the lowest 24 hour value was 1 ALGO for $0.32 USD. This time last month, the value of 1 ALGO was $0.23 USD, which is a 51.9% decrease from where it is now. Looking back a year, Algorand has changed by $0.24 USD.
ALGO to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.33 USD | 4.68% | $0.42 USD | -16.98% | $0.23 USD | 51.90% | $0.24 USD | 36.73% |
ALGO to USD
Amount | Today at 1:45 pm |
|---|---|
0.5 ALGO | $0.17 |
1 ALGO | $0.35 |
5 ALGO | $1.75 |
10 ALGO | $3.50 |
50 ALGO | $17.49 |
100 ALGO | $34.98 |
500 ALGO | $174.90 |
1,000 ALGO | $349.80 |
USD to ALGO
Amount | Today at 1:45 pm |
|---|---|
0.5 USD | 1.43 ALGO |
1 USD | 2.86 ALGO |
5 USD | 14.29 ALGO |
10 USD | 28.59 ALGO |
50 USD | 142.94 ALGO |
100 USD | 285.88 ALGO |
500 USD | 1,429.39 ALGO |
1,000 USD | 2,858.78 ALGO |
Today vs. 24 hours ago
Amount | Today at 1:45 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 ALGO | $0.17 | $0.17 | +4.50% |
1 ALGO | $0.35 | $0.33 | +4.50% |
5 ALGO | $1.75 | $1.67 | +4.50% |
10 ALGO | $3.50 | $3.35 | +4.50% |
50 ALGO | $17.49 | $16.74 | +4.50% |
100 ALGO | $34.98 | $33.47 | +4.50% |
500 ALGO | $174.90 | $167.37 | +4.50% |
1,000 ALGO | $349.80 | $334.74 | +4.50% |
Today vs. 1 month ago
Amount | Today at 1:45 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 ALGO | $0.17 | $0.11 | +52.86% |
1 ALGO | $0.35 | $0.23 | +52.86% |
5 ALGO | $1.75 | $1.14 | +52.86% |
10 ALGO | $3.50 | $2.29 | +52.86% |
50 ALGO | $17.49 | $11.44 | +52.86% |
100 ALGO | $34.98 | $22.88 | +52.86% |
500 ALGO | $174.90 | $114.42 | +52.86% |
1,000 ALGO | $349.80 | $228.83 | +52.86% |
Today vs. 1 year ago
Amount | Today at 1:45 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 ALGO | $0.17 | $0.12 | +45.61% |
1 ALGO | $0.35 | $0.24 | +45.61% |
5 ALGO | $1.75 | $1.20 | +45.61% |
10 ALGO | $3.50 | $2.40 | +45.61% |
50 ALGO | $17.49 | $12.01 | +45.61% |
100 ALGO | $34.98 | $24.02 | +45.61% |
500 ALGO | $174.90 | $120.12 | +45.61% |
1,000 ALGO | $349.80 | $240.24 | +45.61% |
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