Algorand - logo
Algorand
ALGO
$0.19

Sector

PoS

Exchange Debut

2019-06-22

Market Cap

1,502,739,032

Maxim Supply

10,000,000,000

Circulating Supply

8,044,561,828

Circ. Supply(%)

80.45%
Algorand - logo

Algorand

ALGO

Price

$0.19

Market Cap

Sector

Exchange Debut

1,502,739,032
2019-06-22

Volume 24h

High 24h

Low 24h

41617160
0.20432189174
0.185088411888

Change 24h

Change 7d

Change 30d

-8.5747
2.1505
12.1604

Maxim supply

Circulating supply

Circulating supply(%)

10,000,000,000
8,044,561,828
80.45%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Algorand-ALGO cryptocurrency:

Based on the fundamental analysis of the Algorand-ALGO cryptocurrency, this decentralized blockchain platform stands out for its versatility, scalability, and efficiency. Earning an overall score of 8.39 out of 10, the project excels in numerous key areas, such as social and media presence, token economy, and partnerships with investors.

SOCIAL & MASS MEDIA: Score 9.3 out of 10

Algorand-ALGO has an excellent media and social presence, scoring 9.3 out of 10. The project’s ability to engage followers and maintain an active social media presence contributes to its high score. Community engagement is strong, and media coverage is top-notch. In short, the fundamental analysis of the Algorand-ALGO cryptocurrency indicates a healthy and vibrant online community that can be a significant asset for future growth.

AUDIT & SECURITY: Score 5.28 out of 10

While the project performs exceptionally well in many areas, it faces some challenges in terms of audit and security. With a score of 5.28 out of 10, this area could be a concern for potential investors. Transparency of information is relatively strong, but the audit results indicate room for improvement.

TOKENOMICS: Score 8.78 out of 10

The token economy of Algorand-ALGO is robust, with a high score of 8.78 out of 10. The project is not highly inflationary and has a decentralized monetary mass, which contributes to its high score. This part of the fundamental analysis of the Algorand-ALGO cryptocurrency suggests a strong and stable token model.

ECOSYSTEM DEVELOPMENT: Score 8.7 out of 10

With a score of 8.7 out of 10, the ecosystem development is quite promising. Objectives are consistently met, and there are plans for new developments. This aligns well with the fundamental analysis of the Algorand-ALGO cryptocurrency, indicating a strong future potential.

TEAM & DEVELOPERS: Score 8.6 out of 10

The team behind Algorand-ALGO is experienced and proficient in software development, as evidenced by the score of 8.6 out of 10. A talented team can drive the project forward effectively, making it a less risky investment opportunity.

PRODUCT & UTILITY: Score 8.2 out of 10

Algorand-ALGO’s product has a score of 8.2 out of 10, indicating that the utility of both the product and the tokens within the ecosystem are strong. This reflects well on the long-term potential and stability of the project.

PARTNERS & INVESTORS: Score 9.1 out of 10

Algorand-ALGO boasts strong partnerships and investor relations, scoring 9.1 out of 10. A high number of quality partners and investors further substantiates the fundamental analysis of the Algorand-ALGO cryptocurrency, making it a favorable choice for investment.

Fundamental analysis of the Algorand-ALGO cryptocurrency – The final conclusion

After examining the scores across all seven criteria, the fundamental analysis of the Algorand-ALGO cryptocurrency suggests it’s a promising investment opportunity with areas for improvement, particularly in audit and security. The high scores in social and media engagement, tokenomics, and partnerships offset the lower score in security, reducing the overall risk profile. Therefore, Algorand-ALGO presents a compelling case as a long-term investment, given its current trajectory and planned developments.

What is Algorand-ALGO?

Algorand-ALGO is a decentralized, blockchain-based network that came into existence in June 2019. It is uniquely designed to address issues like slow transaction times and high fees commonly seen in other blockchains such as Bitcoin. Algorand achieves this through its pure proof-of-stake (PoS) blockchain protocol, which contrasts with the energy-intensive mining process in proof-of-work (PoW) systems. By December 2020, the network was capable of handling nearly 1 million transactions daily, showcasing its scalability and efficiency.

What Sets Algorand Apart?

One of the critical factors that make Algorand unique is its aim to speed up transactions and improve overall efficiency. It eliminates the need for mining and thereby reduces transaction fees. Also, its blockchain protocol allows for quick consensus among validators, which translates into faster transaction times. This design enables the platform to offer robust and reliable performance, making it suitable for real-world applications.

Security Measures in Algorand

The fundamental analysis of the Algorand-ALGO cryptocurrency indicates that it is highly secure, thanks to its pure proof-of-stake blockchain protocol. Unlike proof-of-work systems where block validation is somewhat random and computationally intensive, Algorand’s protocol allows all validators to be known to each other. Therefore, they only need to agree on the next block to add it to the chain. This streamlined process enhances the network’s security and trustworthiness.

In summary, Algorand-ALGO stands out for its speed, low fees, and security. Its pure proof-of-stake system is the cornerstone of its efficient, scalable, and secure network. These features make Algorand a compelling choice for a wide range of applications requiring speed and reliability.

Fundamental analysis of the Algorand-ALGO cryptocurrency

Algorand - ALGO performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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