Algorand is the 19th biggest crypto by market cap. The live Algorand price today is $1.77 with a 24-hour trading volume of just under a billion dollars. Algorand is up 8.79% in the last 24 hours. If you want to know what ALGO is, if it’s worth investing in, and the best places to buy ALGO if you choose, you’re about to find out.
Top places to buy ALGO now
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What is ALGO?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet went live in June 2019 and was able to handle almost 1 million transactions per day as of December 2020. Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed to accommodate lower transaction fees and avoid mining, being based on a permissionless pure proof-of-stake (PoS) blockchain protocol.
Should I buy ALGO today?
The majority of analysts are bullish on ALGO, but take all predictions and investment advice with a grain of salt.
ALGO price prediction
Cryptocurrency Price Prediction has a 2030 price prediction of $72, which equals growth of 5,233%. Price Prediction forecasts a price of $37 in this time frame, an upside of 2,636%.
Coin Price Forecast predicts ALGO will reach $9 in 2030, which is an increase of 533%. Finally, Change Hero has a 2030 price prediction of $8, or growth of 472% from the current price.
ALGO on social media
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