AlgorandALGO

A proof-of-stake blockchain founded by MIT professor Silvio Micali, used for payments and tokenized assets.

Rank #79Since June 2019

Price on 31 Oct 2026

C$0.1341 +21.3% since 31 Jul 2026 · 97.1% below its all-time high

The short version

Algorand is a proof-of-stake blockchain founded by MIT professor Silvio Micali, used for payments, tokenized assets and stablecoins. The Algorand Foundation, now based in the US, holds about 10.8% of the 10 billion ALGO and sells some under a rules-based plan. William Herkelrath became its CEO on 31 Aug 2026, after a 25% staff cut earlier in the year. On 31 Oct 2026 one ALGO cost C$0.1341. From 31 Jul 2026 to 31 Oct 2026 its price changed +21.3% in Canadian dollars, and it was 97.1% below its all-time high of C$4.70 set on 20 Jun 2019.^[1]

Checked 31 Oct 2026 · 9 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.2648 (11 Nov 2025) · low C$0.1077 (19 Aug 2026) · -45.8%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.1345	US$0.0963
30 Sep 2026	C$0.1786	US$0.1255
31 Aug 2026	C$0.1173	US$0.0846
31 Jul 2026	C$0.1106	US$0.0789
30 Jun 2026	C$0.1216	US$0.0856
31 May 2026	C$0.1716	US$0.1244
30 Apr 2026	C$0.1499	US$0.1104
31 Mar 2026	C$0.1142	US$0.0822
28 Feb 2026	C$0.1723	US$0.1260
31 Jan 2026	C$0.1512	US$0.1120
31 Dec 2025	C$0.1572	US$0.1148
30 Nov 2025	C$0.1957	US$0.1395

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.1341^[1]
3-month change: +21.3% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 97.1% below its high of C$4.70 (20 Jun 2019)^[1]
Market rank: #79, market value about C$1.2B^[1]
Kind: Native coin · Algorand (its own network)
Started: June 2019

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoAll 10B ALGO were created at launch; the Foundation releases its share over time^{[2, 3]}

Can anyone freeze or take coins from holders?NoFreeze and clawback apply only to issued tokens (ASAs), not to ALGO^[4]

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?Yes10B maximum^[3]

Any scheduled unlocks in the next 12 months?NoNo vesting schedule; Foundation releases are unscheduled, 24M sold in Q1 2026^[2]

Does a team or foundation hold over 10% of supply?YesThe Algorand Foundation holds about 1.08B ALGO, about 10.8% of supply^{[2, 3]}

Do network fees reach coin holders?YesDefiLlama counts fees as holder revenue, only US$6.3K in a year^[5]

Main network hacked or halted in the past 2 years?NoNo protocol exploit or chain halt found; app and wallet hacks do not count^[6]

Is a regulator or court case targeting the coin itself?NoNo live case found; not among the 16 named digital commodities^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Algorand Foundation, which moved its headquarters from Singapore to the US (Delaware) in 2026^[2]
Leadership: CEO William Herkelrath since 31 Aug 2026; founder Silvio Micali (MIT, Turing Award)^[3]
Foundation holdings: 1,078.9M ALGO plus US$37.9M of investments at 31 Mar 2026^[2]

Supply

In circulation: 9.08B ALGO of a 10.00B maximum (90.8%)^[1]
Circulating: 9.04B of a 10B cap (90.4%), end-Aug 2026^[3]
Foundation sales: Sold 24M ALGO in Q1 2026 under a rules-based plan; holdings fell 55.7M in the quarter^[2]
Staking rewards: Paid from Foundation holdings: 53.63M ALGO in 2026 to the end of August^[3]

Use and fees

Main use: Payments, tokenized assets and stablecoins; native post-quantum accounts since 20 Aug 2026^[3]
Activity: 32.9M transactions and 677K monthly active wallets in Aug 2026^[3]
Network fees: US$6.3K in the past year; apps took US$1.89M^[5]

Trading

Daily trading: About C$70.5M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 4.69% of its market value changes hands each day^[1]
20-week average: 0.2% above its 20-week average price^[1]
1-year change: -46.1% in C$^[1]^[8]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[9]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

William Herkelrath became CEO on 31 Aug 2026; the Foundation cut staff by 25% at the end of Q1 2026.^{[3, 2]}
The Foundation sold 24M ALGO in Q1 2026 under rules-based structured selling.^[2]
Native post-quantum (Falcon) accounts went live on 20 Aug 2026.^[3]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.