BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

BITCOIN

₹61,75,565.32

1.391%

ETHEREUM

₹3,34,637.65

2.08%

TETHER USDT

₹89.99

0.034%

BNB

₹54,026.66

0.188%

SOLANA

₹14,977.97

4.061%

USDC

₹90.00

0.006%

XRP

₹48.16

1.337%

DOGECOIN

₹14.68

2.893%

CARDANO

₹41.38

1.53%

AVALANCHE

₹3,411.29

1.62%

SHIBA INU

₹0.002196

0.222%

WRAPPED BITCOIN

₹61,74,484.65

1.152%

POLKADOT

₹651.68

0.277%

TRON

₹10.40

0.117%

CHAINLINK

₹1,537.40

1.312%

BITCOIN CASH

₹44,556.07

0.724%

NEAR PROTOCOL

₹709.20

1.244%

POLYGON

₹65.08

3.654%

LITECOIN

₹7,657.00

1.028%

UNISWAP

₹928.14

11.611%

Home

/

Coins

/

Algorand

ALGO

Algorand

ALGO

Watchlist

₹17.06

LIVE

24H Low ₹16.05

24H High ₹17.25

Price of ALGO today

The current live price of ALGO today is ₹17.06, with a 24-hour trading volume of ₹4,68,93,60,944.10. Our ALGO to INR price is updated in real-time. ALGO has seen a increment of 3.84% in the last 24 hours. With a live market cap of ₹1,39,34,84,29,594.20 , the circulating supply is at 8,165,448,733 ALGO coins, with a maximum supply of 10,000,000,000ALGO coins.

Algorand Price History

Date ComparisonAmount Change% Change
Today₹0.64

3.89%

7 Days₹0.51

3.1%

30 Days-₹1.04

5.77%

1 Year₹3.51

25.91%

Algorand Price Information

Price Change (1hr)

3.96%

Price Change (24hr)

3.89%

Price Change (7d)

3.1%

Algorand Market Stats

Market Cap

₹1,39,34,84,29,594.20

Fully Diluted Market Cap

₹1,70,65,61,80,872.30

24hr Volume

₹4,68,93,60,944.10

39.54%

Circulating Supply

8165448733.35 ALGO

Total Supply

10000000000 ALGO

Things to know about Algorand

What is the token?

  • Algorand (ALGO)

  • : Native token of the Algorand blockchain.

  • Uses for the coin

  • : Transaction fees, utility tokens for applications, participating in consensus mechanisms.

Tokenomics

  • Fixed Supply

  • : 10 billion ALGO tokens.

  • Distribution

  • : Rewards for network participation, allocations for Algorand Foundation, Algorand Inc., and the community.

  • Purpose

  • : Incentivize participation to support network security and stability.

Market Data

As of today 25 May 2024, the price of Algorand is ₹17.06 INR, with a 24-hour trading volume of 52104010.49 USD. The market capitalization for Algorand is 1548315884.38USD. The circulating supply is 8165448733.35 Algorand, with the total supply also being 10000000000 Algorand.

Token Pros and Cons

Pros:

  • High Throughput: Algorand can process over 1,000 transactions per second, offering significant advantages in terms of speed and efficiency

  • Low Transaction Fees: The network maintains minimal transaction fees, with the minimum fee for transactions set at just 0.001 ALGO, making it cost-effective for users

  • Decentralization and Security: Utilizes a Pure Proof-of-Stake (PPoS) consensus mechanism, aiming for a high degree of security and decentralization

  • Environmental Sustainability: Algorand is noted for its energy efficiency and carbon-neutral network, aligning with growing concerns about the environmental impact of blockchain technologies

  • Quick Confirmations: Block times on Algorand are under 4 seconds, ensuring speedy transaction confirmations

  • Limited Supply: With a maximum supply of 10 billion tokens, Algo rand's tokenomics could potentially make it a store of value

Cons:

  • Centralization Concerns: Criticized for centralization due to permission relay nodes, which could impact its decentralized nature

  • Poor Token Distribution: The initial distribution of ALGO tokens was heavily skewed towards the team and insiders, raising concerns about fairness and decentralization

  • Low Adoption: Despite its technological capabilities, Algorand has struggled with adoption and building a strong community of early adopters

  • Liquidity Issues: ALGO is not as liquid as some other cryptocurrencies, which can affect trading in large quantities

  • Complexity for Users and Developers: The advanced technological features of Algorand can present a steep learning curve, potentially hindering mass adoption

  • Governance Flaws: There are concerns that centralized exchanges may have disproportionate governing power in Algo rand's governance system, affecting its decentralization

Why Should You Invest in the Coin?

  • Reasons include

  • rapid technological advancements, strong team, potential for widespread adoption, eco-friendly approach and high-performance capabilities.

USP of the coin

  • ALGO boasts of high scalability, instant transaction finality, no forking, and energy-efficient proof-of-stake consensus.

The problem the coin is solving

  • Objective

  • : Solve the blockchain trilemma - secure, decentralized, and scalable. While addressing high fees, slow transactions and environmental concerns.

Founder and team background

  • Founder

  • : Silvio Micali is an MIT professor and Turing Award recipient.

ICO Price

  • Dutch Auction Model

  • : Starting price $10.00 USD, reserve price $0.10 USD.

  • Private Sale Token Price

  • : $0.10.

  • ICO Token Sale

  • : Raised over $60 million, $2.40 per token.

  • ICO Price

  • : 1 ALGO = $0.6 USD.

  • Total Raised in Funding Rounds

  • : $69M over four rounds.

  • Latest Funding Round

  • : Series B for $3M on January 23, 2022.

  • Previous Rounds

  • : Series A: $62M, Seed VC: $4M.

Risks Associated with Investing in the Coin

  • Risks

  • : Market volatility, regulatory changes, technological challenges, and competition.

Whitepaper Insights

The Algorand whitepaper introduces a public ledger that is based on a pure proof-of-stake (PPoS) consensus mechanism, which is designed to be more efficient than proof-of-work (PoW) systems. The key innovation of Algorand is its Byzantine Agreement (BA) protocol, which allows the system to reach a consensus without the risk of forks, ensuring that once a transaction is confirmed, it is final.

Algorand’s consensus mechanism randomly selects a small number of ALGO holders to propose blocks and vote on proposals. This selection is done in a way that is provably secure, unpredictable, and secret until the very moment of action, using Verifiable Random Functions (VRFs). The protocol ensures that the network can achieve consensus even if a fraction of the users are malicious.

The whitepaper also outlines how Algorand scales to handle a large number of users while maintaining low latency and high throughput. It achieves this through a combination of cryptographic sortition, VRFs, and committee selection to ensure that the consensus protocol can run efficiently and securely with minimal computational resources.

Algorand’s PPoS approach also addresses the issue of centralization of power, which is a common concern in PoW and other PoS systems. In Algorand, the influence of users is proportional to their stake, and the system is designed to function effectively even with millions of users.

The whitepaper discusses the safety and liveness properties of the Algorand network. Safety ensures that users cannot have divergent views of confirmed transactions, while liveness guarantees that the network will continue to process transactions even in the face of network partitions or malicious attacks.

Algorand also introduces the concept of Algorand Standard Assets (ASAs), which allows for the tokenization of any type of asset on the blockchain. This feature enables the creation of fungible and non-fungible tokens without the need for complex smart contract code.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9000

0%

ALGO to Converter

Quantity

ALGO

ALGO

Price

fiat

Price as per 01:26 AM • 25 May 2024

Recently Added Cryptocurrencies

Introducing the newly added cryptocurrencies on Mudrex.

Popular Conversion Pairs

A list of popular conversion pairs, including both fiat and cryptocurrencies.

Top Gainers

Coin

Price

24h Change

OGN

OriginToken

OGN

₹17.89

38.06%

REN

Ren

REN

₹6.53

14.35%

KNC

KyberNetwork

KNC

₹63.75

15.45%

CTSI

Cartesi

CTSI

₹21.46

14.4%

UNI

Uniswap

UNI

₹944.01

12.35%

Top Losers

Coin

Price

24h Change

XAI

xai

XAI

₹64.87

7.28%

METIS

MetisDAO

METIS

₹6,679.80

6.69%

PEOPLE

ConstitutionDAO

PEOPLE

₹7.24

5.81%

ETC

Ethereum Classic

ETC

₹2,829.60

5.92%

SYN

Synapse

SYN

₹67.67

5.02%

Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Algorand (ALGO)?

The current price of Algorand (ALGO) in INR is ₹17.06 INR.

What is the current ALGO market cap?

The current market capitalization of Algorand (ALGO) is ₹1,39,34,84,29,594.20 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ALGO by the number of coins in circulation.

What is the current supply of Algorand (ALGO)?

The current supply of Algorand (ALGO) is 8165448733.35 ALGO. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Algorand (ALGO)?

The 24-hour trading volume of Algorand (ALGO) in INR is ₹4,68,93,60,944.10. This figure represents the total value of all ALGO transactions across various exchanges within the last 24 hours.

How to Buy Algorand (ALGO) in India?

To buy Algorand (ALGO) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in ALGO.

Can I buy Algorand (ALGO) with UPI?

Yes, you can buy Algorand (ALGO) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Algorand (ALGO) to Indian Rupee (INR)?

To convert Algorand (ALGO) to Indian Rupee (INR), you can use our ALGO/INR conversion tool.

2024 Mudrex Inc.

Address:

3rd floor, MyGate Building, 12, 17th Cross Rd, Sector 7, HSR Layout, Bengaluru, Karnataka, 560102