What are the Recen Price and Performance of t ALGO Token?

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The Algorand protocol's native currency is called ALGO. By doing away with miners and needing a small amount of processing that makes forking extremely unlikely, the Algorand ecosystem, based on a Byzantine agreement proof-of-stake consensus protocol, aims to be a more effective and secure distributed ledger.

A total of 10 billion ALGO were produced during the creation of the Algorand blockchain. Around 6.7 billion ALGO are currently in circulation across all ecosystems, with the remainder tokens being retained in safe storage by the Algorand Foundation. The distribution of the tokens owned by the Algorand Foundation is shown below:

Community & Governance Rewards   1757.26M
Ecosystem Support   1176.05M
Foundation Endowment   363M

It should be noted that ALGO tokenomics underwent a significant change when the Alogrand Foundation switched from its initial launch plan to a new 10-year Long Term Algo Dynamic that offers a detailed commitment of how the Algorand Foundation will use the 3 billion ALGO tokens it withheld at the initial release and how it anticipates 99 percent of ALGO tokens to enter the circulating marketing supply by 2030. (following a non-inflationary distribution rate of rewards). Since ALGO tokens adhere to a pure proof-of-stake consensus algorithm, they can only be acquired by community engagement and cannot be mined normally.

Recent ALGO Token Performance & Price
ALGO Token has been listed on MEXC Exchange. On January 12th, 2022, ALGO attained its highest price (ATH), which was 1.49 USDT. On June 18th, 2022, the price of ALGO was at its lowest point since the ATH.