Algorand Price (ALGO)

Algorand uses proof of stake to select committees that propose and approve blocks. Participation keys let an eligible account take part in consensus while keeping its spending key separate.

ALGO pays transaction fees. An account must also keep a minimum balance, and adding some types of assets or application state can raise it. The reserved amount still belongs to the account, but it may be unavailable to send while those entries remain.

When an Algorand wallet shows a smaller spendable balance than its total, check the account’s minimum balance and the next transaction fee. The ALGO price chart tracks the asset independently of those amounts.