Algorand ALGO
Current Price
$0.0892 -2.32%
$0.0041 Daily Range (4.64%)
$0.0875$0.0916
$29.43M Daily Volume
438 BTC
Vol/MktCap: 3.71%
Market Performance
0.09% Relative BTC Volume
The total volume of Algorand is $29.43M over the past 24 hours, compared to $34.53B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0887 +0.62%
13 SMA $0.0889 +0.39%
21 SMA $0.0897 -0.52%
55 SMA $0.0915 -2.54%
144 SMA $0.0945 -5.54%
Price Performance
+0.15% 1 Hour Change
$0.0892 from $0.0891
-2.23% 7 Day Change
-$0.0020 from $0.0912
+1.54% 14 Day Change
$0.0014 from $0.0879
-23.95% 30 Day Change
-$0.0214 from $0.1106
All Time High
June 20, 2019
$3.56 -97.49%
-$3.47 vs. now
24H Change
-19.07M USD -2.35%
-284 BTC
Volume and Supply
Total Supply: 8.88B ALGO 
8.88B 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
444.16 x BTC Supply444:1 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
328.61M ALGO
traded over past 24 hours
3.70% 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 trading at $0.089343, reflecting a 24-hour decline of 2.19%. The daily price range has been relatively tight, with a high of $0.091612 and a low of $0.087475, indicating limited volatility in the short term.
Volume stands at approximately 29.46 million, contributing to a volume-to-market cap ratio of 3.71%. This relatively low trading volume suggests that market interest may be waning, as evident from the negative 7-day price change of 2.10% and a more significant 30-day decline of nearly 23.79%.
Looking at technical indicators, the hourly moving averages show mixed signals; the 8 SMA and 13 SMA are slightly positive, while the longer-term SMAs (21 SMA and 55 SMA) are negative. The 1-hour RSI is at 43, suggesting that ALGO is approaching oversold territory, while the 7-day RSI at 45 confirms a lack of upward momentum.
Fundamentally, Algorand's all-time high of $3.56 in June 2019 provides a stark contrast to its current price, indicating significant price erosion over time. The overall market sentiment appears bearish, compounded by the recent negative price movements, which reflect broader market trends in cryptocurrency.
Given the current data, the outlook for Algorand does not support bullish sentiment in the immediate term. Therefore, I recommend a Sell rating based on the continuous downward pressure, weak volume, and bearish technical indicators.
Volume stands at approximately 29.46 million, contributing to a volume-to-market cap ratio of 3.71%. This relatively low trading volume suggests that market interest may be waning, as evident from the negative 7-day price change of 2.10% and a more significant 30-day decline of nearly 23.79%.
Looking at technical indicators, the hourly moving averages show mixed signals; the 8 SMA and 13 SMA are slightly positive, while the longer-term SMAs (21 SMA and 55 SMA) are negative. The 1-hour RSI is at 43, suggesting that ALGO is approaching oversold territory, while the 7-day RSI at 45 confirms a lack of upward momentum.
Fundamentally, Algorand's all-time high of $3.56 in June 2019 provides a stark contrast to its current price, indicating significant price erosion over time. The overall market sentiment appears bearish, compounded by the recent negative price movements, which reflect broader market trends in cryptocurrency.
Given the current data, the outlook for Algorand does not support bullish sentiment in the immediate term. Therefore, I recommend a Sell rating based on the continuous downward pressure, weak volume, and bearish technical indicators.
Updated 78 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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