Algorand price (ALGOUSD) — live chart
Follow the live Algorand price and chart, check the contract specifications and see what moves ALGOUSD.
Chart and quote are a third-party TradingView feed for information only and can differ slightly from Xellion's MT5 prices.
About Algorand
Algorand is a blockchain network designed to support digital payments, asset issuance and decentralised applications. ALGO is its native token, used for network transaction fees and participation in its consensus process. ALGOUSD expresses the value of ALGO in US dollars, so changes in the quote reflect movements in the token’s dollar-denominated market price.
Algorand uses a pure proof-of-stake consensus mechanism, with participation linked to holdings of its native token rather than energy-intensive mining. Its design emphasises transaction finality and support for applications and tokenised assets. These characteristics distinguish its technical approach, while the usefulness and adoption of applications built on the network remain relevant to demand for ALGO.
On Xellion’s MT5 platform, Algorand is traded as a CFD under the symbol ALGOUSD. A position can be long or short without owning the underlying ALGO tokens or using a crypto wallet. The contract size is 1 ALGO, and trading is available 7 days a week, outside platform maintenance windows. CFD trading involves the risk of losses.
What moves the price
- Broader crypto-market sentiment and risk appetite
- Algorand network usage and application adoption
- Protocol upgrades and network reliability
- ALGO supply dynamics and token distribution
- Crypto regulation and exchange accessibility
- US dollar movements and global liquidity conditions
| Symbol | ALGOUSD |
|---|---|
| Contract size | 1 ALGO |
| Leverage | Up to 1:2000 |
| Trading hours | 7 days a week, outside platform maintenance windows |
Live spreads and swaps are shown in MT5. Exact session times are in the MT5 contract specification; leverage depends on your account and country.
ALGOUSD questions
What does the ALGOUSD quote represent?
ALGOUSD represents the price of Algorand’s native token, ALGO, expressed in US dollars. The quote describes the token’s dollar value, rather than a direct measure of activity or adoption on the Algorand network.
Do I own ALGO when trading it on Xellion?
No. ALGOUSD on Xellion’s MT5 platform is a CFD, allowing long or short exposure without ownership of the underlying token. It does not provide ALGO for transfers, network fees or participation in Algorand’s consensus process.
When can ALGOUSD be traded, and what is its contract size?
ALGOUSD trading is available 7 days a week, outside platform maintenance windows. The contract size is 1 ALGO. This describes the underlying token quantity represented by the contract, not the margin needed to open a position.
How can Algorand network developments affect ALGOUSD?
Changes to Algorand’s protocol, application ecosystem or network reliability can influence perceptions of ALGO’s usefulness and demand. ALGOUSD also responds to wider crypto conditions, so network developments alone do not determine its price.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Charts and prices on this page come from TradingView for information only and are not investment advice. Risk disclosure