April 11th, 2025
Algorand (ALGO) News
Stay updated with the latest Algorand (ALGO) news that features price information, blockchain developments, and market trends in the Algorand blockchain system, as well as updates from other blockchains where they influence or connect with ALGO. Get insights about how the blockchain drives real-world applications for industries and promotes decentralization.
Algorand Enters Bullish Setup: Can ALGO Price Hit $1?
Algorand price at $0.25 aims for a quick reversal run with a potential trendline breakout. Will this breakout propel ALGO price to $1?
Tokenized RWA Markets Hit New Highs as Crypto Recovers
The TVL for RWA tokenization hasn’t begun its climb just recently. It all started last November, amid a wider crypto market surge.
Is ALGO Price on Brink of Breakout? Here’s What Analysts Think
Algorand (ALGO) shows potential bullish breakout signal, with analysts projecting major price movements fueled by US crypto policy developments.
ALGO
$0.18
Market Cap
$1.52 B
24h Volume
$79.81 M
24h Low/High
$0.2 /
$0.2
1h
-0.44%
24h
-1.14%
7d
-4.77%
ALGO Reclaims $0.4 after Algorand Announces Staking Rewards Program
By Parth Dubey
January 24th, 2025
Algorand (ALGO) announced that the staking rewards program went live on the blockchain post a major consensus upgrade this week and the ALGO token soared by almost 5% in 24 hours.
Algorand (ALGO) Aims to Retest Its 5-Year ATH amid Rising On-chain Activities
By Steve Muchoki
December 4th, 2024
The Algorand network has registered a more than 300% surge in daily active addresses to about 313K in the past four days.
Algorand Open Interest Hits Historic High: What’s Next for ALGO Price
By Godfrey Benjamin
November 29th, 2024
Algorand is on a fast-paced surge to $1 amid a boom in Open Interest and general market outlook.
Binance to Halt Support for ALGO, DGB, GMX Trading Pairs
By Godfrey Benjamin
October 23rd, 2024
Binance Exchange has announced plans to delist Algoran, DigiByte and GMX trading pairs.
Binance Adds TON, DOGS, and ALGO Trading Pairs
By Godfrey Benjamin
August 30th, 2024
Binance periodically adds new tokens to its platform to improve users’ trading experiences. This usually positively impacts the price of the listed cryptocurrencies.
Taliban Arrests and Jails 8 People for Holding and Trading Crypto
By Tolu Ajiboye
July 3rd, 2024
Crypto traders in Afghanistan are being arrested and imprisoned by the Taliban for dealing in digital assets despite the country’s crypto ban.
Matter Labs Drops All ‘ZK’ Trademark Applications: Details
By Anisha Pandey
June 3rd, 2024
Matter Labs and Polyhedra are currently engaged in a dispute over the proposed ‘ZK’ ticker symbol for zkSync’s upcoming token generation event (TGE).
Kraken Asks California Court to Dismiss SEC Case over Legal Jurisdiction and Misinterpretation
By Tolu Ajiboye
May 10th, 2024
Kraken contends the SEC interpretation of the Howey Test and asks the court to dismiss the case against the exchange.
Polish Town Mińsk Mazowiecki Launches MinsCoin Stablecoin for Use at Local Businesses
By Mercy Tukiya Mutanya
February 7th, 2024
The launch of MinsCoin not only provides a new way for residents to interact with local whitelisted businesses and projects but could also shed light on how technology can be used to steer social interactions, economic participation, and solidarity within communities.
Hedera and Algorand Blockchains Collaborate to Build DeRec Alliance for Assets Recovery
By Chimamanda U. Martha
January 11th, 2024
The introduction of DeRec aims to unite the Web3 ecosystem and establish new industry standards, ensuring a painless and secure process for digital asset recovery across various wallets.
FIFA and Modex Collaborate to Launch NFT Collection as 2023 Club World Cup Begins
By Babafemi Adebajo
December 12th, 2023
The collection will include 100 NFTs and provide fans with the possibility to win 2026 World Cup Final tickets.
Algorand Expands Its Presence in India with Key Partnerships
By Godfrey Benjamin
November 30th, 2023
Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA).
Algorand ALGO $0.18 24h volatility: 1.1% Market cap: $1.52 B Vol. 24h: $79.81 M is an innovative blockchain platform that caters to individuals as well as organizations. The open-source blockchain offers a highly scalable, secure, and decentralized platform that benefits businesses with its impressive throughput and low transaction fees.
Launched in 2019 by Italian computer scientist and cryptographer Silvio Micali, Algorand uses a unique consensus mechanism known as pure proof of stake (PPoS). This mechanism prioritizes decentralization by giving every participant the chance to become a validator and propose new blocks. PPoS randomly chooses validators, democratizing the validation process on the blockchain. This method differs from proof of stake (PoS), where validators are selected based on the size of their stakes, which increases the risk of centralization.
Algorand is also unique, as blocks added to the blockchain are immediately finalized without the need for confirmations. Consequently, and in addition to the PPoS mechanism, forking on the Algorand blockchain is impossible. Furthermore, Alogrand does not implement Slashing, a punitive measure on PoS blockchains that confiscates tokens of validators engaging in malicious behavior, such as validating incorrect transactions.
The Algorand Foundation continuously undertakes efforts aimed at blockchain education and training in locations all over the world. Through several partnerships and collaborations with other blockchain platforms, Algorand also performs advisory roles and continues to expand its influence across industries.
Explore our Algorand (ALGO) guide for extensive details of the network, including its features, application, and impact.
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FAQ on Algorand (ALGO) News
What is Algorand used for?
The Algorand (ALGO) blockchain performs several functions and is an important part of decentralized finance (DeFi). It allows users to easily trade, borrow, and invest, via decentralized protocols. Algorand hosts stablecoins like USD Coin USDC $1.00 24h volatility: 0.0% Market cap: $60.08 B Vol. 24h: $11.00 B and supports the creation of non-fungible tokens (NFTs).
What Is special about Algorand?
Algorand’s uniqueness comes from its high throughput and consensus mechanism, which allows all stakers to validate tokens instead of disproportionately favoring validators with the most tokens. Also, since there is no blockchain Slashing, the blockchain is more user-focused and friendly.
Is ALGO a good investment?
ALGO’s use cases and uniqueness make it an asset to watch out for. As blockchain developments improve, ALGO will compete better with many of the world’s large market-cap tokens. However, users must approach any investment decisions with extensive research.
How many people use Algorand?
In Q1 2024, Algorand had 35 million users, with 1 million new accounts in the quarter. With an average of 800,000 monthly active users (MAU), the blockchain processed 403 million transactions in Q1, 288% higher than figures from Q3 2023.