🚀 "Algorand (ALGO) Edges Higher at ~$0.28 as Low-Fee Governance Attracts DeFi Projects"
🔹 Quick Stats (Aug 2025)
Price: ~$0.28 (↑ ~3%)
Market Cap: ~$2.4B
Supply: Circulating ~8.7B of 10B max (≈87%)
Volume: ~$100M 24h
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🔧 What Is ALGO?
ALGO is the native token of the Algorand blockchain, a high-speed Layer-1 platform built on Pure Proof of Stake (PPoS). It supports fast, low-cost fees, and enables users to participate in staking, governance, DeFi, and smart contracts without resource-intensive requirements.
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📈 Highlights
Gains ~14% in the past week, outperforming broader smart contract platforms.
Renowned for real-world use cases, including tokenized real estate, regulated stablecoins (like EURD), and digital identity services, thanks to its scalability and finality.
> Disclaimer: For educational use only—not financial advice.
