Algorand (ALGO)
Algorand, Inc. is a technology company founded by cryptography pioneer, Turing award winner and MIT professor, Silvio Micali. He designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economists—from first principles—to guarantee true decentralization, scale and security. Algorand’s consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
1. ALGO Basic Info
| Symbol | ALGO |
| Name | Algorand |
| Web Site | https://www.algorand.com/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://algoexplorer.io/ |
| Forum | -- |
| Mining | |
| Supply | 10000000000 |
| Available Supply | 8485260000 |
| Market Cap | 1656492457.2 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 10000000000 |
| Release Date | 2019-06-17 |
2. ALGO Technical Info
2.1 ALGO Kline Chart Price
2.2 ALGO Technical Analysis
The current trend indicates a period of consolidation following a significant decline. The price is likely to experience continued volatility in the short term. There is a high probability of a further decrease, possibly testing the recent lows. However, a potential for a minor price increase is expected, but the overall trend will remain bearish.
A gradual price decrease with intermittent small bullish attempts are expected for the next 7 days, although the support level could be tested with a possible break if the downward pressure increases. The trading volume has been unstable. The price might have a period of stabilization before determining the next direction. The current downward movement is likely to continue.
