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Algorand Price

ALGO Price in EUR
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Algorand price overview

The current Algorand price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Algorand is based on a market capitalization of loading EUR. Algorand has a circulating supply of loading. The highest recorded Algorand price is loading EUR. And the lowest recorded ALGO price is loading EUR.

How do Algorand price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

Algorand (ALGO) was developed by MIT professor Silvio Micali and launched in 2019 as an open-source decentralized network designed to eliminate the need for hard forks while increasing scaling and transaction speed. Algorand has a two-level structure and a variation of pure Proof-of-Stake mechanism built on Byzantine consensus to enable scaling and faster block generation while having the capacity to finalize near-instant validations with 1,000 transactions per second (TPS). ALGO is the native cryptocurrency to the Algorand network and is used primarily to incentivize ALGO holders and block producers. The project aims to create a functional environment where scaling, security, and decentralization can exist simultaneously.

In late 2019 Algorand updated to Algorand 2.0, adding smart contracts and DeFi (Decentralized Finance) to the network’s list of features. With innovative architecture and increased scaling capacity, Algorand makes a prominent project in the cryptocurrency market. What determines the value of ALGO and what factors influence the price of Algorand (ALGO)?

If you’ve ever wondered this, then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of the intricacies of Algorand price – and the factors that influence it.

Algorand Price History

The price of Algorand (ALGO) moves following the dynamics and volatility of the crypto market, and as such, ALGO is subject to frequent changes and sudden trend reversals. As a highly volatile asset, Algorand may change its value within a brief period and may grant major returns and losses following active trends.

Algorand launched in June 2019 with a price of $1.60, after which ALGO reached an all-time high (ATH) of $3.28 on June 22nd. By July of the same year, Algorand price was trending downwards to $1.50 and traded below the value of $1 during the month, touching new lows at $0.50. After climbing back up to $0.80 in August, Algorand went down again, dipping to new lows around the price of $0.20 throughout the rest of the year.

The year 2020 was marked with even more downward momentum, with Algorand price seeing new lows and recording an all-time low (ATL) in March 2020 of $0.10. It wasn’t until April that ALGO experienced a slight rebound, trading above $0.20. Algorand continued its rebound into July, reaching over $0.30. ALGO carried this momentum throughout August when it topped $0.50 before the crypto dropped again. From September to December 2020, ALGO traded between $0.20 and $0.37, finally breaking to $0.40 in January 2021.

In 2021, Algorand (ALGO) followed the overall boom of the crypto markets, retesting old highs and rapidly rising back to $1. Algorand showed signs of a strong recovery in February when it reached the value of $1.67 before dipping once again. Despite price changes and occasional dips from February to April 2021, Algorand price remained above the price of $1 where it formed support levels.

Analyzing Algorand Price History

Algorand price history can be analyzed with many of the same techniques used to examine traditional financial markets. Algorand (ALGO) is a volatile asset, which means that ALGO can experience radical changes following trend reversals and market cycles within a brief timeframe like many other cryptocurrencies. Technical analysis is used to analyze price charts and relevant market data such as trading volume and market cap, to make sense of the price movement of ALGO and other cryptocurrencies through price patterns.

Technical analysis is used in combination with fundamental analysis and sentiment analysis to help traders and investors form close predictions on the future momentum of Algorand (ALGO) and other cryptos. Fundamental analysis examines the activity of ALGO dev team, the functionality of the Algorand mainnet and its features, utility and adoption, demand, technology, and even the activity of ALGO CEO Silvio Micali. Fundamental analysis also concerns major changes and events such as upgrades and updates, like in the case of Algorand 2.0 update in late 2019.

Sentiment analysis examines opinion data and sentiment information, ranking the overall market sentiment for ALGO as negative, positive, or neutral. Sentiment analysis is used in combination with other techniques to predict dips and rises following the way traders and investors feel about ALGO and different digital assets. Positive sentiment helped drive ALGO’s price to an all-time high of $3.28 in June 2019.

Factors Influencing the Price of Algorand (ALGO)

A great number of factors may influence the price of Algorand (ALGO). Algorand has a fixed max supply of 10 billion, which is immutable – similar to Bitcoin’s maximum supply of 21 million (just not as scarce). The max supply of ALGO is expected to be reached sometime in the year 2030. The total supply can impact investor confidence depending on how diluted it is, and it is also a key factor in determining the project’s market cap (supply X price = market cap).

The value of Algorand may also move with global changes in the wider economy. Algorand might have missed the hype of December 2017 and January 2018 when nearly all major cryptos managed to reach new all-time highs, as it wasn’t launched until 2019. However, ALGO was most definitely influenced by the positive momentum and the collective rebound of cryptos in 2021.

Important events and project developments can also influence ALGO value, like the case of upgrading Algorand network to version 2.0 in late 2019. After the Algorand 2.0 update, Silvio Micali and the dev team added DeFi features and smart contract operations, which further increases the technical value of Algorand as a project.

Live Algorand Value and Market Cap

The live price of Algorand changes from one moment to the next due to the high volatility in the cryptocurrency market, representing the balance between buying and selling activity among ALGO traders. The market cap is also in constant flux as it changes with the changing market value and the number of Algorand coins in circulation. The market cap is expressed by multiplying the number of ALGO in circulation with the current market value of Algorand.

Algorand Price FAQ

What is the highest Algorand price in EUR?

Algorand price history shows that ALGO has recorded a peak value of loading EUR.

What is the lowest Algorand price in EUR?

ALGO price history shows that loading EUR EUR is the lowest recorded Algorand value.

How can I buy Algorand?

You can purchase Algorand and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Algorand. It’s available for immediate purchase at the current ALGO price quote of loading EUR. Current prices are always displayed in the ALGO chart.

What is the current Algorand price in EUR?

Kriptomat data confirms that the current Algorand price is loading EUR.

Will Algorand reach $3.28 again?

Algorand lost nearly -60% of its value since reaching an ATH of $3.28 in June 2019. After finding new lows, Algorand rebounded above $1 in 2020 and may continue with gradual rises and occasional dips that could eventually take the value back to ALGO’s ATH.

What is Algorand (ALGO) used for?

The Algorand blockchain is developed to fit a higher standard of scaling to provide a decentralized environment with near-finality when it comes to validating transactions. Proof-of-Stake consensus relies on stakers. ALGO is used in multiple ways, such as to incentivize those staking on the network, a method of payment, and DeFi and smart contract operations.


Algorand is a relatively new blockchain project but is packed with innovative technology designed for increased scaling, decentralization, and ultra-fast transactions. Just like other cryptocurrencies in the market, ALGO is subject to frequent changes and radical dips and rises, which may bring both profits and losses to traders and investors following market trends. With DeFi and smart contract features, Algorand may become one of the top blockchain-based projects as the market of decentralized finance is developing and growing.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Algorand and cryptocurrencies!

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This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
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