Algorand Price Chart

Algorand Market Data

Market cap

$1,501,019,639.97

Volume 24h

$64,490,920.18 14.57%

Price change 24h

$0.197 -5.44%

Price change 7d

$0.183 2.78%

FAQ

The price of Algorand is affected by the dynamics of supply and demand within the crypto market. When there are more buyers than sellers, the price tends to rise, while an excess of sellers can lead to a decrease in price. Moreover, the limited supply of certain cryptocurrencies, like Bitcoin, plays a significant role in determining their prices.

To stay updated on the current prices of all cryptocurrencies, you can utilize our cryptocurrency prices table, which provides pricing information in one convenient location.

Furthermore, our platform enables you to compare trading prices in real time, providing you with the latest information on any cryptocurrency price in dollars. This way, you can make well-informed decisions about your crypto investments.

Market capitalization, or market cap, is a crucial metric for gauging the value of a cryptocurrency. To calculate it, the current price of a single coin/token is multiplied by the total number of coins/tokens in circulation. This measurement allows for the comparison of the relative value of different cryptocurrencies and serves as a widely used indicator of a cryptocurrency’s size and potential for growth.

However, it’s essential to recognize that market cap is just one of many factors influencing cryptocurrency prices. While it can impact price movements, other significant factors include technology, adoption, and market sentiment. To obtain the most accurate understanding of the crypto market, it’s advisable to closely monitor all these aspects. 

The circulating supply is the total number of coins/tokens present in circulation and accessible in the public market. It represents the portion of the overall supply actively traded and held by investors, excluding any tokens that may be locked or reserved for specific purposes. This metric provides valuable insights into the liquidity and availability of Algorand for trading and investment.

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