FAQs
Algorand Foundation confirms burn of Early Redemption Auction Tokens. The Algorand Foundation today confirms that is has completed the “token burn” process associated with its August Early Redemption program. As a result, about 19.9M Algos have been permanently removed from circulation.
Will Algorand burn coins? ›
In summary, of the 25 million Algos auctioned on June 19, 2019, about 19.9 million Algos (or 79.7%) had been voluntarily rendered for early redemption. The Foundation will burn the redeemed tokens and they will be taken permanently out of circulating supply.
What is Algorand Foundation? ›
The Algorand Foundation is a not-for-profit, community organisation focused on protocol governance, token dynamics and supporting grassroots, open-source development on the Algorand ecosystem.
Can algo hit $10? ›
Can ALGO reach $10? Although it is not impossible for Algorand to reach $10, our ALGO price prediction estimates a maximum Algorand price of $1 by the end of 2030.
Can algo coin reach $100? ›
As the price of ALGO Coin increases is increasing, many investors are eager to know whether the price will hit about $100 capital or not. It can hit that so easily by the year 2035-40. Nothing is impossible in the crypto market, as you may have seen some new coins hitting the sky because of a price increase.
Does Algorand have a future? ›
Our real-time ALGO to USD price update shows the current Algorand price as $0.180217 USD. Our most recent Algorand price forecast indicates that its value will increase by 1.88% and reach $0.183600 by May 03, 2024.
Who is behind Algorand? ›
Algorand is a blockchain platform founded in 2017 by Silvio Micali, a renowned computer scientist and professor at the Massachusetts Institute of Technology (MIT). Micali's expertise in cryptography and distributed systems has been instrumental in shaping Algorand's innovative approach to blockchain technology.
How high can Algorand go? ›
ALGO price could reach a potential high of $0.361 by the end of 2024. Algorand price with a potential surge could go as high as $4.368 by the end of 2030. The current price of Algorand is $ 0.18059146.
Is there any hope for Algorand? ›
Our most recent Algorand price forecast indicates that its value will increase by 3.06% and reach $0.221706 by April 26, 2024. Our technical indicators signal about the Bullish Bullish 77% market sentiment on Algorand, while the Fear & Greed Index is displaying a score of 72 (Greed).
Is Algorand deflationary? ›
On the Algorand blockchain, a protocol upgrade can increase that amount, or introduce a mechanism to “mint” additional coins. I'm sure that you're well aware of reported individuals that lost their bitcoin account keys… which makes these fund “burned”. That by itself makes any pre-minted blockchain deflationary.
According to your price prediction input for Algorand, the value of ALGO may increase by +5% and reach $ 0.265342 by 2030.
Is it worth investing in Algorand? ›
It added: “Overall, analysts generally have a bullish outlook on Algorand in the long term. However, short-term volatility is to be expected. Remember, this is not financial advice, and you should always do your own research before making any investment decisions.”
