Algorand ALGO/USD price history up until Mar 25, 2024
the most popular DeFi blockchains at the same time. As of March 25, 2024, one ALGO token was worth 0.26 U.S. dollars.
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