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Market capitalization of Algorand (ALGO) from June 2019 to January 30, 2025 (in billion U.S. dollars)

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Sources

Release date

January 2025

Region

Worldwide

Survey time period

June 2019 to January 30, 2025

Special properties

Monthly figures are as of the last date of that particular month; Percentage changes have been calculated by ÌÇÐÄÆƽâ°æ

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

Citation formats

Daily Algorand (ALGO) market cap history up to January 30, 2025

Published by K. Scholle, Jan 31, 2025
The market cap of cryptocurrency Algorand nearly tripled between August and September 2021, and initially continued to grow in November 2021. The rise of the ALGO coin in September was noticeable, as it came in a time when the market cap of Bitcoin and other digital coins was declining. The Algorand coin is similar to Ethereum, Cardano, Solana and Polkadot in that is powers its own layer 1 blockchain, an environment for smart contracts and essential for setting up Decentralized Finance or DeFi projects. The market cap increase in September likely reflects a sentiment that Algorand has the potential to become a new Solana.
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