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Algorand
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| Market Cap | USD |
|---|---|
| 24h Vol (Global) | USD |
| Circulating Supply | ALGO |
| Current date |
ALGO/USD Price Chart
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Follow this real-time Algorand price chart to speculate on the price movements of the ALGO/USD pair. With this convenient live chart, you can view the current ALGO/USD price, analyze the price dynamics, trace historical ALGO to USD exchange rates, build your trading strategy, and trade Algorand with leverage on BitCiphex.
Trading conditions
| Commission | 0.05% |
| Min. order size | 0.01 ALGO |
| Min. order size change | 0.01 ALGO |
| Max. single trade size | 3000 ALGO |
| Max. exposure | 5000 USD |
| Max leverage | 20% (1:5) |
| Financing day / Long | 0.5083% Daily Funding Rate |
| Financing day / Short | 0.5083% Daily Funding Rate |
| Trading hours | 24/7 |
Margin requirements
BitCiphex allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
| From | To | Margin requirements | Leverage |
|---|---|---|---|
| 0 | 3000 | 20% | 1:5 |
| 3000 | > | 50% | 1:2 |
| Commission | 0.05% |
| Min. order size | 0.01 ALGO |
| Min. order size change | 0.01 ALGO |
| Max. single trade size | 3000 ALGO |
| Max. exposure | 5000 USD |
| Max leverage | 50% (1:2) |
| Financing day / Long | 0.5083% Daily Funding Rate |
| Financing day / Short | 0.5083% Daily Funding Rate |
| Trading hours | 24/7 |
Margin requirements
BitCiphex allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
| From | To | Margin requirements | Leverage |
|---|---|---|---|
| 0 | > | 50% | 1:2 |
Profile
Algorand-US dollar (ALGO/USD)
The ALGO/USD rate indicates how many US dollars are required to purchase one Algorand. You can watch the ALGOUSD values in real time on CoinCodex and other trading platforms, and use the interactive chart to improve your technical analysis of this trading pair. Currently, 1 ALGO is about 0.719774 USD. This indicates that, as of April 2022, 1 Algorand can be exchanged for 0.719774 US dollars at the current ALGO/USD exchange rate. By exchanging your ALGO for USD on a cryptocurrency exchange, you can convert Algorands to US dollars. Algorand is now available for purchase on 57 different exchanges.
Currency Information
Algorand
Algorand is a decentralized network that aims to overcome the Blockchain Trilemma by simultaneously combining speed, security, and decentralization. Algorand is a permissionless, open-source blockchain network that anybody can build on. It was launched in June 2019 by computer scientist and MIT professor Silvio Micali. Algorand (ALGO) is a blockchain platform and cryptocurrency that is supposed to work like a traditional payment processor. ALGO is the Algorand platform's native token, which is intended to protect the network and reward its operators. Smart contracts are supported on the Algorand platform, which uses a consensus mechanism based on proof of stake and a Byzantine agreement protocol.
US dollar
A US dollar is made up of 100 cents. To distinguish it from other dollar-based currencies, it is designated with the symbol $ or US$. The United States dollar is the most widely used currency in the world and is regarded a benchmark currency.
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