For a brief time in November 2021, the price of a Algorand cryptocurrency was worth more than two U.S. dollars - twice the value it recorded in August 2021. The relatively young token - originally coined in 2017, it did not record a market cap until 2019 - gained in relevance in 2021 as exchanges like Coinbase listed the ALGO coin more often. This ease of access made Algorand an interesting prospect for investors who were looking for coins that cover smart contracts and interoperability: Unlike Bitcoin, which is meant to store value and essentially act as a digital substitute for gold, coins like Algorand are meant to power technical innovation in the blockchain and propel Decentralized Finance (DeFi). In the case of ALGO, it allows for the launch of projects across several of the most popular DeFi blockchains at the same time. As of March 21, 2025, one ALGO token was worth 0.19 U.S. dollars.
The market cap of cryptocurrency Algorand nearly tripled between August and September 2021, and initially continued to grow in November 2021. The rise of the ALGO coin in September was noticeable, as it came in a time when the market cap of Bitcoin and other digital coins was declining. The Algorand coin is similar to Ethereum, Cardano, Solana and Polkadot in that is powers its own layer 1 blockchain, an environment for smart contracts and essential for setting up Decentralized Finance or DeFi projects. The market cap increase in September likely reflects a sentiment that Algorand has the potential to become a new Solana.
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Prices for ALGSOL Algorand Solana including live quotes, historical charts and news. ALGSOL Algorand Solana was last updated by Trading Economics this March 27 of 2025.
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Prices for ALGZAR Algorand South African Rand including live quotes, historical charts and news. ALGZAR Algorand South African Rand was last updated by Trading Economics this March 27 of 2025.
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Prices for ALGXMR Algorand Monero including live quotes, historical charts and news. ALGXMR Algorand Monero was last updated by Trading Economics this March 9 of 2025.
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Prices for IRRALG Iranian Toman Algorand including live quotes, historical charts and news. IRRALG Iranian Toman Algorand was last updated by Trading Economics this March 27 of 2025.
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Prices for ALGAVX Algorand Avalanche including live quotes, historical charts and news. ALGAVX Algorand Avalanche was last updated by Trading Economics this March 9 of 2025.
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Prices for LNKALG Chainlink Algorand including live quotes, historical charts and news. LNKALG Chainlink Algorand was last updated by Trading Economics this March 27 of 2025.
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Prices for ALGPEN Algorand Peruvian Nuevo Sol including live quotes, historical charts and news. ALGPEN Algorand Peruvian Nuevo Sol was last updated by Trading Economics this March 26 of 2025.
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Prices for ALGETH Algorand Ether including live quotes, historical charts and news. ALGETH Algorand Ether was last updated by Trading Economics this March 27 of 2025.
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Prices for VNDALG Vietnamese Dong Algorand including live quotes, historical charts and news. VNDALG Vietnamese Dong Algorand was last updated by Trading Economics this March 20 of 2025.
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Prices for BNBALG Binance Algorand including live quotes, historical charts and news. BNBALG Binance Algorand was last updated by Trading Economics this February 21 of 2025.
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Prices for BTCALG Bitcoin Algorand including live quotes, historical charts and news. BTCALG Bitcoin Algorand was last updated by Trading Economics this March 19 of 2025.
For a brief time in November 2021, the price of a Algorand cryptocurrency was worth more than two U.S. dollars - twice the value it recorded in August 2021. The relatively young token - originally coined in 2017, it did not record a market cap until 2019 - gained in relevance in 2021 as exchanges like Coinbase listed the ALGO coin more often. This ease of access made Algorand an interesting prospect for investors who were looking for coins that cover smart contracts and interoperability: Unlike Bitcoin, which is meant to store value and essentially act as a digital substitute for gold, coins like Algorand are meant to power technical innovation in the blockchain and propel Decentralized Finance (DeFi). In the case of ALGO, it allows for the launch of projects across several of the most popular DeFi blockchains at the same time. As of March 21, 2025, one ALGO token was worth 0.19 U.S. dollars.