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Algorand (ALGO) price today

Algorand is a smart contract blockchain created by MIT professor Silvio Micali, with final confirmation in a few seconds and very low fees.

Written and reviewed by the Cripto View editorial team

Algorand price now

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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is Algorand?

Algorand went live in June 2019. Its creator, Silvio Micali, received the Turing Award for contributions to cryptography.

The network was designed to reconcile security, scale and decentralization, and is used in payments, tokenization and digital identity projects.

How Algorand works

In the pure proof-of-stake model, the protocol secretly and randomly selects, for each block, who proposes and who validates, weighted by each participant's balance. There are no forks: a confirmed block is final.

Maximum supply is 10 billion ALGO. Since 2025, those who run a validating node with a minimum balance receive block rewards.

What ALGO is used for

  • Paying transaction and smart contract fees.
  • Staking by taking part in consensus.
  • Issuing tokenized assets and stablecoins.

Risks and points of attention

  • Activity and value deposited in applications below those of competing networks.
  • A sharp price decline from its peak, with a long period of depreciation.
  • A significant share of tokens historically distributed by entities linked to the project.
  • Intense competition among smart contract platforms.

Key facts

SymbolALGO
Asset typeCryptocurrency
Launch2019-06
NetworkOwn blockchain (Algorand)
Consensus mechanismPure Proof of Stake
Maximum supply10 billion ALGO

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about Algorand

Who created Algorand?

Silvio Micali, an MIT professor and Turing Award winner, recognized for foundational work in cryptography.

Does ALGO have a maximum supply?

Yes, 10 billion units.

What is instant finality?

It means a confirmed block cannot be reverted. On Algorand this happens within a few seconds, with no need to wait for several confirmations.

Where does the Algorand price on this page come from?

The panel shows the ALGO price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.