Algorand ALGO
Current Price
$0.0912 +2.03%
$0.0046 Daily Range (5.08%)
$0.0870$0.0916
$33.74M Daily Volume
474 BTC
Vol/MktCap: 4.16%
Market Performance
0.08% Relative BTC Volume
The total volume of Algorand is $33.74M over the past 24 hours, compared to $43.42B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0899 +1.43%
13 SMA $0.0894 +1.95%
21 SMA $0.0891 +2.35%
55 SMA $0.0908 +0.37%
144 SMA $0.0924 -1.29%
Price Performance
-0.31% 1 Hour Change
$0.0912 from $0.0915
+0.52% 7 Day Change
$0.0005 from $0.0907
+4.41% 14 Day Change
$0.0040 from $0.0872
-2.30% 30 Day Change
-$0.0021 from $0.0933
All Time High
June 20, 2019
$3.56 -97.44%
-$3.47 vs. now
24H Change
16.87M USD +2.12%
237 BTC
Volume and Supply
Total Supply: 8.89B ALGO 
8.89B 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
444.50 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
377.92M ALGO
traded over past 24 hours
4.25% 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 $0.090476, experiencing a slight increase of 0.66257% over the past 24 hours. The daily price range shows a high of $0.091599 and a low of $0.086963, indicating a tight volatility of 0.004636%.
The volume of trading stands at 35,079,711, which represents 4.36% of the market cap, suggesting moderate activity within the market. The hourly moving averages indicate mixed signals, with the shorter-term averages (8, 13, and 21 SMA) showing upward momentum, while the 55 and 144 SMAs reflect slight declines.
The 1-hour RSI is at 73, indicating potential overbought conditions in the short term, while the 7-day RSI at 49 suggests neutrality, with neither overbought nor oversold conditions. Over the last week, ALGO has seen a price drop of approximately 0.26%, contrasting with a more favorable 14-day price increase of 3.60%, and a 30-day decline of 3.06%.
Considering the overall trend, the recent increase in shorter moving averages and the moderate trading volume are positive indicators. However, the overbought condition indicated by the 1-hour RSI suggests caution for short-term traders.
In conclusion, given the mixed signals from the moving averages and RSI indicators, a Hold rating is appropriate for ALGO at this time. This strategy allows for monitoring potential consolidation or upward movement while avoiding premature entry in a potentially overbought market condition.
The volume of trading stands at 35,079,711, which represents 4.36% of the market cap, suggesting moderate activity within the market. The hourly moving averages indicate mixed signals, with the shorter-term averages (8, 13, and 21 SMA) showing upward momentum, while the 55 and 144 SMAs reflect slight declines.
The 1-hour RSI is at 73, indicating potential overbought conditions in the short term, while the 7-day RSI at 49 suggests neutrality, with neither overbought nor oversold conditions. Over the last week, ALGO has seen a price drop of approximately 0.26%, contrasting with a more favorable 14-day price increase of 3.60%, and a 30-day decline of 3.06%.
Considering the overall trend, the recent increase in shorter moving averages and the moderate trading volume are positive indicators. However, the overbought condition indicated by the 1-hour RSI suggests caution for short-term traders.
In conclusion, given the mixed signals from the moving averages and RSI indicators, a Hold rating is appropriate for ALGO at this time. This strategy allows for monitoring potential consolidation or upward movement while avoiding premature entry in a potentially overbought market condition.
Updated 79 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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