The Bitcoin (BTC) price again reached an all-time high in 2025, as values exceeded over 117,482.47 USD on July 22, 2025. Price hikes in early 2025 were connected to the approval of Bitcoin ETFs in the United States, while previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla's announcement in March 2021 that it had acquired 1.5 billion U.S. dollars' worth of the digital coin, for example, as well as the IPO of the U.S.'s biggest crypto exchange, fueled mass interest. The market was noticeably different by the end of 2022, however, after another crypto exchange, FTX, filed for bankruptcy.Is the world running out of Bitcoin?Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin's supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin's original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021.Bitcoin's price outlook: a potential bubble?Cryptocurrencies have few metrics available that allow for forecasting, if only because it is rumored that only a few cryptocurrency holders own a large portion of the available supply. These large holders - referred to as 'whales'-are' said to make up two percent of anonymous ownership accounts, while owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale are already having a significant impact on this market.

By 2025, the Bitcoin market cap had grown to over ***** billion USD as the cryptocurrency kept growing. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately *** billion U.S. dollars in 2013 to several times this amount since its surge in popularity. Dominance The Bitcoin market cap takes up a significant portion of the overall cryptocurrency market cap. This is referred to as "dominance". Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". The Bitcoin dominance was above ** percent. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, well over ** million out of all 21 million possible Bitcoin had been created. Bitcoin's supply is expected to reach its maximum around the year 2140, likely making mining more energy-intensive.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

Ethereum's price history suggests that that crypto was worth significantly less in 2022 than during late 2021, although nowhere near the lowest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH - or 69.3 million U.S. dollars. Unlike Bitcoin - of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase - the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called “Berlin update” rolled out on the Ethereum network in April 2021, an update which would eventually lead to the Ethereum Merge in 2022 and reduced ETH gas prices - or reduced transaction fees. The collapse of FTX in late 2022, however, changed much for the cryptocurrency. As of May 4, 2025, Ethereum was worth 1,808.59 U.S. dollars - significantly less than the 4,400 U.S. dollars by the end of 2021. Ethereum’s future and the DeFi industry Price developments on Ethereum are difficult to predict, but cannot be seen without the world of DeFi - or Decentralized Finance. This industry used technology to remove intermediaries between parties in a financial transaction. One example includes crypto wallets such as Coinbase Wallet that grew in popularity recently, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), moneylender Dharma and market protocol Compound. Ethereum’s future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications - with Ether being the cryptocurrency that is used inside the Ethereum network. Essentially, Ethereum facilitates DeFi - meaning that if DeFi does well, so does Ethereum. NFTs: the most well-known application of Ethereum NFTs or non-fungible tokens grew nearly ten-fold between 2018 and 2020, as can be seen in the market cap of NFTs worldwide. These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. This application is especially prominent in crypto art, although there are other applications: gaming, sports and collectibles are other segments where NFT sales occur.

The price of the cryptocurrency based on the famous internet meme broke its price decline in early November 2022, as people started buying the coin after FTX's collapse. This rally only lasted for a few days, however, as a Dogecoin was worth roughly 0.24 U.S. dollars on July 20, 2025. This is a different development than in 2021, when the crypto became very popular in a short amount of time. Between January 28 and January 29, 2021, Dogecoin's value grew by around 216 percent to 0.023535 U.S. dollars after comments from Tesla CEO Elon Musk. The digital coin quickly grew to become the most talked-about cryptocurrency available, not necessarily for its price - the prices of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and several other virtual currencies were much higher than those of DOGE - but for its growth.

The average price of one Bitcoin Cash reached its all-time high in 2017, although the price since then never came close to that position. As of July 22, 2025, one Bitcoin Cash token was worth 523.41 U.S. dollars, rather than the nearly 2,500 USD from the peak in 2017. Bitcoin Cash, abbreviated as BCH, is a variant of the much more known Bitcoin, or BTC, and is traded separately on online exchanges. That the two cryptocurrencies are different from each other already shows when looking at the price of a 'regular' Bitcoin: this was over 40,000 U.S. dollars during the same time frame.

Memecoin Shiba Inu saw its price grow by more than 300 percent within one and the same month, marking a trading fury reminiscent of Dogecoin in early 2021. Indeed, the SHIB coin ranked as one of the biggest crypto in the world based on 24h trading volume in October 2021 - with trading activity being almost as high as that of Ethereum. Originally starting out as a fun token based on the famous Japanese dog breed, the digital currency grabbed mainstream attention in 2021 probably due to its low barrier of entry: Even after its price spikes, Shiba Inu was one of the cheapest coins available, especially when compared to the price of 99 other cryptocurrencies. Combine this with survey information that most consumers in the U.S. and the UK invest in crypto either for growth or fun, and Shiba Inu is probably seen by many as a relatively simple, "quick win" investment. As of May 19, 2025, the price of one million Shiba Inu is 14.08.

The market cap of the top 10 stablecoin initially multiplied over time, reaching a combined value of over *** billion USD in May 2025. Note this value does not include TerraUSD (UST), the algorithmic stablecoin tied to the LUNA crypto which declined severely in May 2022. Up to then, estimates reveal that the market cap had more than tripled within five months - likely following growing interest worldwide in cryptocurrencies, after sudden price spikes in a coin like Dogecoin (DOGE). Stability above all, or what does a stablecoin do? Stablecoins are cryptocurrencies - like the commonly known Bitcoin (BTC) and Ethereum (ETH) - but their value is determined differently. Whilst the price of Bitcoin mainly follows supply - how many coins are being mined or are available to purchase - and demand - how many investors want to buy the coin - stablecoins are synthetically connected to the price of an altogether different asset. Tether's USDT, for instance, is connected to the price development of the U.S. dollar (USD): if the U.S. dollar falls in the FX market, so does the USDT. Compare this to the "regular" price history of a cryptocurrency like Ripple (XRP) and stablecoins reveal themselves to be a relatively less volatile digital currency to either use or invest in than their counterparts in the free market. A test ground for digital payments This stability of these particular cryptocurrencies is important for two areas in digital payments that do not prefer volatility. For instance, these coins are a popular choice within the world of Decentralized Finance or DeFi - an online financial market without the supervision of central bank that relies on cryptocurrencies for payments and loans. Because of that reliance, it is a market that can rapidly change in size due to price fluctuations or changing transaction fees of certain cryptocurrencies - something that is less likely to occur when using stablecoins. Additionally, stablecoins are considered the inspiration for so-called CBDC or Central Bank Digital Currencies - such as China's e-CNY currency or the "digital euro" that is being researched in the EU-27. In terms of how advanced countries worldwide are into researching their own cryptocurrency, China ranked third in 2020, behind Cambodia, and The Bahamas.

The Litecoin cryptocurrency peaked in both 2017 and 2020 - reaching prices worth around 250 dollars - but did not reach this by 2022. As of May 4, 2025, one Litecoin token was worth 85.02 U.S. dollars. Litecoin's price was relatively volatile recently, revealing high price swings between months. What is a cryptocurrency? Cryptocurrencies are digital currencies that do not have a centralized regulating authority. The first of these, Bitcoin, introduced a technology called blockchain, in which a distributed ledger records every transaction on every bitcoin in circulation to prevent fraud. Litecoin also uses this technology. To accommodate the demands of constant ledger updates, users sell computational power in exchange for an amount of Litecoin, a process known as mining. More about Litecoin Cryptocurrencies are still an emerging technology, and few are using them for transactions. As such, most users are speculators who look at the value of all coins in circulation as the market capitalization rather than money supply. Still, the average number of Litecoin transactions ranges in the tens of thousands, meaning that the cryptocurrency has a substantial financial footprint.

Bitcoin's circulating supply has grown steadily since its inception in 2009, reaching over ** million coins by early 2025. This gradual increase reflects the cryptocurrency's design, which put a limit of ** million on the total number of bitcoins that can ever exist. This impacts the Bitcoin price somewhat, as its scarcity can lead to volatility on the market. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, more than ** percent of all possible Bitcoin had been created. That said, Bitcoin's circulating supply is expected to reach its maximum around the year 2140. Meanwhile, mining becomes exponentially more difficult and energy-intensive. Institutional investors In 2025, countries like the United States openly started discussion the possibility of buying bitcoins to hold in reserve. By the time of writing, it was unclear whether this would happen. Nevertheless, institutional investors displayed more interest in the cryptocurrency than before. Certain companies owned several thousands of Bitcoin tokens in 2025, for example. This and the limited number of Bitcoin may further fuel price volatility.

According to Cognitive Market Research the global Crypto currency market size will be USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025-2033

Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future
North America expected to generate revenue of XX%.
Europe expected to generate revenue of XX%.
Latin America expected to generate revenue of XX%.
Middle East & Africa expected to generate revenue of XX%.
South America expected to generate revenue of XX%.

Market Dynamics

Key Drivers

Tech Driven Growth is creating new avenues in cryptocurrency 

Block chain the underlying technology of most crypto currencies establishes a innovative structure fundamentally redefines how value is exchanged and information is recorded, addressing the critical limitations of traditional systems. decentralized, distributed and immutable ledgers. As per stats Network like Bitcoin boast around 20,000 nodes across 93 countries with Ethereum has a roughly 5,922 nodes in 81 countries.As of may 2025 there are 960 Decentralized crypto exchanges taken place with combined 24-hour trading volume of 14$ billion and DeFI volume dominance is around 18.3%.Another important technological angle in this market is cryptography (Techniques like hashing and public key cryptography) are essential and plays the vital role in securing transaction, verifying identities and ensuring the integrity of data on block chain As per stats the overall blockchain security market which fundamentally relies on these cryptographic principles is projected to grow significantly. it grew from USDXX Billion in 2014 and by 2029 it will grow by 37.4 billion and with a CAGR of XX % Certain government initiatives globally are adopting a multi-faceted approach to the cryptocurrency market, driven by a desire to balance innovation with financial stability, consumer protection, and the prevention of illicit activities. While approaches vary from outright bans to embracing supportive policies, several key initiatives and trends are emerging on a global scale are Anti Money laundering (AML) & Counter terrorist Financing., FATF Guidelines has been a leading force talking about the financial stability concerns. The Basel committee on Banking supervision has issued financial prudential standard.

Key Restraints

The cryptocurrency market's progress has been impeded by significant security concerns and its characteristic price volatility.

The Decentralized nature of crypto while offering independence also presents unique security challenge that have led to substantial financial losses and a general reluctance from a new users and large institutions according to Chain lysis 2024 Crypto Crime Report Illicit Crypto transactions totaled 24.2 $ billion in 2023 also lack of traditional oversight makes the crypto market fertile ground for rug pulls, phishing attacks and Ponzi schemes As per the stats in 2023 alone scam revenue in crypto reached 1.1 $ billion according to chain lysis. So the twin challenges of security vulnerabilities which breed distrust and led to significant financial losses and extreme price votality which undermines utility and deters stable investments collectively act as substaintial brakes on crypto currency market

Key Trends

The Rise of Stablecoins and Central Bank Digital Currencies (CBDCs)

Stablecoins such as USDT, USDC, and BUSD are increasingly recognized as low-volatility digital assets suitable for payments, trading, and remittances. Their linkage to fiat currencies ensures stability while preserving the efficiency of cryptocurrencies. Concurrently, central banks in nations like China, India, and those within the EU are working on CBDCs to digitize national currencies using blockchain technology. These advancements signify a merging of traditional finance with decentralized systems, resulting in more regulated and broadly accepted digital currency environments.

Tokenization of Real-World Assets (RWA)

Blockchain technologies are facilitating the tokenization of physical assets—including real estate, art, stocks, and carbon credits—enabling fractional ownership, enhanced liquidity, and seamless trading across borders. Organizations ...

In May 2022, the value of a single LUNA (version 1.0) declined by over 50 percent per day, as prices fell significantly from one day to the next. This is a significant difference from earlier in the year, when the price of the Luna token within the Terra (Classic) network grew by roughly 100 percent between January and March 2022. This popularity was reflected in a ranking covering the world's most traded cryptocurrencies - where the relatively young crypto first showed in the top 10. The popularity of Terra and its cryptocurrencies LUNA and UST (TerraUSD) - from May 2025 referred to as Terra Classic - comes from its role in crypto lending and the interest rates promised by lending platform Anchor Protocol, a platform built off the Terra network.

The market cap of Tether, which is backed by both USD and crypto, was much higher on May 19, 2025 than that of other crypto-collateralized stablecoins, such as Resolv USR. For many people, stablecoins are associated with fiat currencies - especially the U.S. dollar - although they have other ways to maintain their stability. Crypto-backed stablecoins, for instance, try to maintain an excess supply of another cryptocurrency - often Ethereum (ETH). Dai, for example, before it got replaced with USDS, required at least *** times its own value in collateral, meaning it needs a deposit of at least ***** U.S. dollars' worth in Ethereum whenever 1,000 Dai is borrowed in a Decentralized Finance (DeFi) smart contract.

The share of stablecoins within the overall crypto market was below that of Ethereum (ETH) and Bitcoin (BTC). This would mark a significant rise of the digital asset, as earlier calculations from December 2021 indicated a stablecoin market share of ***** percent. What may play a part in these figures is that "regular" cryptocurrencies such as Ethereum saw a significant decline in price between May and June 2022 - leading to their market cap to decline as well. Fiat-backed stablecoins like Tether, USD Coin and Binance USD, on the other hand, were not as impacted. That said, the crash of algorithmic stablecoin TerraUSD and its token Terra (LUNA) led to much uncertainty on whether non-fiat backed stablecoins could work.

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana, or SOL, more than tripled during the summer of 2021. This had all but evaporated by the end of 2022, as a price of 176.91 U.S. dollars for SOL on July 20, 2025, was similar to the price of Solana in early 2021. The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin to avoid bankruptcy. The Solana protocol is similar to Ethereum in that it can allow for non-fungible tokens to be created ('minted') or traded. Solana, however, uses a technology called 'PoH' or Proof of History, which allows it to reach high transaction speeds. The Solana Foundation, the creators of the protocol, based in Switzerland, claims they could reach up to 65,000 transactions per second compared to 16 for Ethereum. Additionally, Solano had no transaction fees or 'gas', unlike Ethereum, which had growing transaction costs. These two reasons combined - Solana being deemed cheaper and faster than Ethereum - turned this relatively young protocol into a breeding ground for NFT projects in August 2021.

Ripple, or XRP, prices surged in 2021 but went down significantly as 2022 progressed. As of July 20, 2025, one XRP token was worth 3.43 U.S. dollars. Ethereum's price, for example, kept on reaching new all-time highs, a feat not performed by XRP. Indeed, XRP's price spikes followed relatively late - only occurring in early 2021, against late 2020 for most other cryptos - after the US SEC filed a legal complaint against Ripple in November 2020. This legal action caused the XRP price to plummet from around 0.70 U.S. dollars to 0.20 U.S. dollars.Ripple versus XRP: two become oneTechnically speaking, Ripple is not a cryptocurrency. Renamed from a protocol called OpenCoin in 2013, Ripple facilitates open-source payments. XRP, on the other hand, is the cryptocurrency that runs on this network. In that sense, Ripple and XRP have a similar symbiosis to each other, like the Ethereum network and its cryptocurrency, Ether. Unlike Ethereum - whose price changes are connected to the world of Decentralized Finance or DeFI - Ripple/XRP mostly looks at developments in cross-border payments for companies. In 2020, companies worldwide began to favor fintech solutions for future B2B solutions and, in a way, Ripple is an extension of that.What affects the price of Ripple?Ripple is mostly active in Southeast Asia - a region with a splintered payment landscape and that heavily investigates its own types of state-issued cryptocurrency to make cross-border payments a lot easier. Price spikes tend to follow news on this topic in this specific region. In 2019, for example, the XRP price grew after Japan and South Korea began testing to reduce time and costs for transferring international funds between the two countries. In March 2021, Ripple announced that it had agreed to acquire 40 percent of Malaysian cross-border payments firm Tranglo to meet growing demand in Southeast Asia.

In May 2022, over ***** billion Terra Classic – the 1.0 version of LUNA - tokens were issued and went into active circulation in a few days. The cryptocurrency’s built-in algorithm triggered this correction following the coin’s significant price drop that month. Terra’s algorithm would "burn" (permanently destroying) LUNA so that it created something else instead: TerraUSD (UST), a stablecoin within the same blockchain. This automated system was meant to keep the price of UST level, potentially avoiding economic sentiment. Because of this initial promise of stability, Terra and its two coins initially played a significant role in crypto lending. The poster child of algorithmic stablecoins Up until May 2022, TerraUSD (UST) was the biggest stablecoin that functioned with an algorithm. At the end of April 2022, the market cap of TerraUSD – now TerraClassicUSD – was *** times larger than what it was one month later, comparable in size to Binance USD. Algorithmic stablecoins are relatively new and, as most stablecoins, have an external asset as collateral. Several of the biggest stablecoins in the world, for example, are backed by real-world U.S. dollar assets, such as cash or securities. Others – such as DAI – rely on the backing of other cryptocurrencies, such as Ethereum (ETH). TerraUSD had little to no backing, relying on a closed ecosystem. Reset or revival: The LUNA (2.0) aftermath Terra got reset on May 28, 2022: A new *** coin released – taking over the Terra (LUNA) name - whilst the "original" crypto was abandoned and became Terra Classic (LUNC). TerraUSD (UST) remained but became TerraClassicUSD (USTC). Several of the *** LUNA holders, however, hoped for a different solution, rather seeing the (***) coin’s supply be bought back by the company who issued them. The company would then burn them, hopefully restoring the price of the original LUNA. Do Kown, the CEO of the Terra system, stated his company did not have the funds for such a big undertaking. He instead shared a blockchain address on Twitter where individuals could burn their tokens themselves. By June 2022, roughly **** LUNA tokens were destroyed that way – a burn rate of roughly ***** percent compared to the overall circulating supply.

It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap comprised the majority of the overall market capitalization. What is market cap? Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency. Cryptocurrency as an investment The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies. As of June 25, 2025, the cumulative market cap of cryptocurrencies reached a value of ******.

Bitcoin trading volume peaked in late February 2021 to a level much higher in the rest of the year, marking a significant month in the coin's history. Whilst there is no clear explanation why the trade volume went up so much on February 26, Bitcoin's price development suggests the cryptocurrency's value around that time declined somewhat after weeks of growth and continued media attention. That morning, Bitcoin went down by around ** percent - potentially sparking a buying frenzy for people who saw this as an opportune time to invest in the coin. Indeed, most consumers in both the U.S. and the UK invest in crypto for growth prospects. As of July 22, 2025, the Bitcoin trading volume was recorded at 46.34.

For a brief time in November 2021, the price of an 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 May 4, 2025, one ALGO token was worth 0.20 U.S. dollars.