coin image

Algorand ALGO

30
Coin
PoS
R 5.710.45%
0.0000127 BTC0.03%

Low (24h)

High (24h)

R 5.55

R 5.78

ALGO to ZAR

30
Coin
PoS
Market Cap
R 39,218,846,938
Market Dominance
0.21%
Market Cap
R 39,218,846,938
Market Dominance
0.21%
Fully Diluted Market Cap
R 57,143,261,905.85
YTD (%)
-78.92%
Volume (24h)
R 1,753,820,259
Volume / Market Cap
0.04472
Circulating Supply
6,863,249,599 ALGO 68.63%
Max Supply
10,000,000,000
Total Supply
6,863,249,599
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Algorand (ALGO) Markets


Algorand to Data

ALGO to ZAR price today is R 5.71, which is Up by 0.45% over the last 24 hours. There has been an hourly Rise by 0.15%. Algorand's market cap currently sits at R 39,218,846,938 ZAR, holding up for a market cap rank at #30. The volume were at R 1,753,820,259 ZAR Algorand ranks no 30 in the market capitalization of Algorand is at R 39,218,846,938 and its volume for 24 hours is R 1,753,820,259. Algorand are under circulation, with total supply of 7.27B and the Maximum supply of 10B.

About Algorand

Algorand is a blockchain network that is trying to make convergence between traditional and decentralized financial models. These models are very efficient, scalable, and have various security features. Algorand is committed to making a green and sustainable blockchain. That can solve all the critical problems that exist in this traditional system. Algorand created the world's first proof-of-stack blockchain for the development in finance. This technology is designed for the future of finance, also called the "FutureFi". The core of this project is algorand foundation, ecosystem, and algorand wallet. Algorand foundation is a public blockchain network that the foundation itself is managing. With those growing customers from all across the countries, the algorand ecosystem keeps getting bigger. You can interact easily in the public network using its wallet system.

Who are the founders of Algorand?

Behind all of this incredible future-oriented innovation, an algorand's team gave massive effort and skills to make such a thing happen. The founder of algorand is Silvio, who created this company in 2017, which provides the decentralized, secure and scalable blockchain solution for products and services from all across the countries. The CEO of this company is Steve, and he is responsible for the overall business vision and strategy.
 

Meet their team:

  • W. Sean Ford : COO
  • Jing Chen : Head of Theory Research and Chief Scientist
  • Gary Malouf : Head of Engineering
  • Chris Peikert : Head of Cryptography
  • Nickolai Zeldovich : Head of Distributed Systems

 

What Gives Algorand Values?

What makes the algorand diffrent from other blockchain projects is their commitment to creating a sustainable green blockchain. Its founder, Silvio Micali, is trying to contribute to the world with the next generation of technology. They are using a unique consensus mechanism in order to save energy. They had partnered with the climate trade company, which provides sustainability and emissions offsetting commitments with innovative digital solutions.
 

 

How to buy Algorand?

To buy any cryptocurrency, you need to open an account in the crypto exchange. Crypto exchange is a place where cryptocurrencies are trading every day. 

Woltonchain is available on many exchanges like Binance, Huobi Global, Coinbase, OKEx, WazirX, CoinDCX, Gate.io, CoinDCX, Bitay, AOFEX, etc.

Once your account is ready, you are eligible to trade any cryptocurrency available on your exchange. Deposit the fund and trade whatever you want to. From the withdrawal option, you can get your money back.

 

How does Algorand is secured?

The Algorand blockchain uses a unique protocol in its blockchain that is a permissionless pure proof-of-stack protocol. It is built on the byzantine consensus mechanism.

 In other  Ppos systems your influence gets stronger as you hold more tokens, and it is a big threat for the users because owners definitely have more stack and they can interrupt anything in this ecosystem, but here, validators are randomly selected by the computing process, which makes impossible to ruin the ecosystem by the big holders of the token. 

 

How many coins are there in circulation?

There are 6.28B ALGO tokens in circulation as of  November 2021. If you want to track your coin, you can check out the DigitalCoinPrice website, where you can build and track your portfolio, also; if you want to know more about other coins, you can get detailed information here.
 

How does the Algorand work?

More than hundreds of companies are starting their financial service or product-based projects on algorand blockchain. Algorand provides a robust and healthy ecosystem for the longer-term vision of the future of finance. Here, companies can build their project using algorand's blockchain, and by doing this, they can join the whole new other financial world where many other financial projects are also running on this blockchain. It makes it easier to connect with other companies and have a facility to do transactions across its blockchain using ALGO token. 

 

Benefits of Algorand

  • Convergence between traditional and decentralized financial models
  • Commitment to sustainable, eco-friendly blockchain
  • Low transaction cost and lower carbon emissions
  • Private and public models
  • Performance and scale
  • Tier-1 and tier-2 smart contracts
  • Open-source growing ecosystem

Algorand Price Prediction

The current Algorand to ZAR price is R 5.71. In the last 24 hours, ALGO to ZAR price has gone up by 0.45%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Algorand price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Algorand at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

By exchanging ALGO against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Algorand can be earned or received in various ways. ALGO considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the ALGO, including ALGO to PHP, ALGO to INR, ALGO to NGN, ALGO to THB, ALGO to CAD, ALGO to PKR, ALGO to IDR , ALGO to EUR , ALGO to AUD , ALGO to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

There are many altcoins in the market, and investors need to clear out how altcoin differs from Algorand and what it can offer by comparing all altcoins with Algorand(ALGO). Some are BitShares vs Algorand, PRIZM vs Algorand, Electra Protocol vs Algorand, OTOCASH vs Algorand, Enecuum vs Algorand, Gridcoin vs Algorand, Litecoin Plus vs Algorand, PureVidz vs Algorand, Cabbage vs Algorand, AvatarCoin vs Algorand.

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ALGO to ZAR Price Statistics

Algorand to ZAR Price Today

ALGO to ZAR

R 5.71

Percentage Change ( 24h )

0.45%

R 0.23
24h High / Low

R 5.78 /

R 5.55

Trading Volume 24h

R 1,753,820,259

Volume / Market Cap

0.04472

Market Dominance

0.21%

Market Rank

30

Algorand Market Cap

Market Cap

R 39,218,846,938

Fully Diluted Market Cap

R 57,143,261,905.85

Algorand Price History

All Time High

R 51.09

74.08%
All Time Low

R 1.59

5475.99%

Algorand Supply

Circulating Supply

6,863,249,599 ALGO

Total Supply

7,268,784,312 ALGO

Max Supply

10,000,000,000 ALGO

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