Algorand ALGO
Current Price
$0.1430 -0.72%
$0.0052 Daily Range (3.64%)
$0.1419$0.1471
$44.05M Daily Volume
485 BTC
Vol/MktCap: 3.50%
Market Performance
0.07% Relative BTC Volume
The total volume of Algorand is $44.05M over the past 24 hours, compared to $60.14B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1434 -0.31%
13 SMA $0.1443 -0.87%
21 SMA $0.1444 -0.95%
55 SMA $0.1452 -1.54%
144 SMA $0.1436 -0.42%
Price Performance
-0.39% 1 Hour Change
$0.1430 from $0.1436
+4.99% 7 Day Change
$0.0071 from $0.1359
-14.03% 14 Day Change
-$0.0201 from $0.1631
-21.83% 30 Day Change
-$0.0312 from $0.1742
All Time High
June 20, 2019
$3.56 -95.99%
-$3.42 vs. now
24H Change
-10.36M USD -0.82%
-114 BTC
Volume and Supply
Total Supply: 8.81B ALGO 
8.81B ALGO Available100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
441.27 x BTC Supply441:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
304.77M ALGO
traded over past 24 hours
3.46% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Algorand AI Market Analysis
Algorand (ALGO) is currently priced at $0.142321, experiencing a slight decline of 0.88% over the past 24 hours. The daily price has fluctuated between a high of $0.147138 and a low of $0.141935, indicating a relatively narrow trading range of approximately 0.005203%.
Volume is recorded at 34,645,021, which reflects a volume-to-market cap ratio of 2.76%, suggesting moderate trading activity in relation to its market capitalization. The short-term moving averages indicate bearish momentum, with the 8 SMA at $0.1434 (-0.78%) and the 13 SMA at $0.1443 (-1.34%), supporting a downward trend.
The 1-hour RSI sits at 33, indicating that ALGO is nearing oversold territory, while the 7-day RSI at 52 suggests a neutral market condition. Over the past week, ALGO has seen a price increase of 4.02%, but the 14-day and 30-day changes are concerning, showing declines of 14.42% and 22.20%, respectively.
From a fundamental perspective, Algorand's all-time high was $3.56 back in June 2019, indicating substantial room for growth from current levels. However, the significant price drop over the last month may point to underlying weaknesses or market sentiment issues that need to be addressed.
Given the current price action, moving averages, and RSI indicators, a cautious approach is warranted. The short-term bearish signals and longer-term downtrends suggest that while a potential rebound could occur, it may be wise to hold positions until clearer upward momentum is established.
**Rating: Hold** - The analysis suggests maintaining current positions as the market shows bearish signals, but the potential for a bounce exists, especially with the RSI approaching oversold conditions.
Volume is recorded at 34,645,021, which reflects a volume-to-market cap ratio of 2.76%, suggesting moderate trading activity in relation to its market capitalization. The short-term moving averages indicate bearish momentum, with the 8 SMA at $0.1434 (-0.78%) and the 13 SMA at $0.1443 (-1.34%), supporting a downward trend.
The 1-hour RSI sits at 33, indicating that ALGO is nearing oversold territory, while the 7-day RSI at 52 suggests a neutral market condition. Over the past week, ALGO has seen a price increase of 4.02%, but the 14-day and 30-day changes are concerning, showing declines of 14.42% and 22.20%, respectively.
From a fundamental perspective, Algorand's all-time high was $3.56 back in June 2019, indicating substantial room for growth from current levels. However, the significant price drop over the last month may point to underlying weaknesses or market sentiment issues that need to be addressed.
Given the current price action, moving averages, and RSI indicators, a cautious approach is warranted. The short-term bearish signals and longer-term downtrends suggest that while a potential rebound could occur, it may be wise to hold positions until clearer upward momentum is established.
**Rating: Hold** - The analysis suggests maintaining current positions as the market shows bearish signals, but the potential for a bounce exists, especially with the RSI approaching oversold conditions.
Updated 68 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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