Algorand ALGO
Current Price
$0.1232 +7.15%
$0.0113 Daily Range (9.19%)
$0.1141$0.1254
$61.47M Daily Volume
699 BTC
Vol/MktCap: 5.63%
Market Performance
0.12% Relative BTC Volume
The total volume of Algorand is $61.47M over the past 24 hours, compared to $52.43B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1216 +1.32%
13 SMA $0.1200 +2.63%
21 SMA $0.1182 +4.23%
55 SMA $0.1177 +4.66%
144 SMA $0.1184 +4.03%
Price Performance
+0.62% 1 Hour Change
$0.1232 from $0.1224
+1.66% 7 Day Change
$0.0020 from $0.1211
-4.21% 14 Day Change
-$0.0052 from $0.1284
+3.71% 30 Day Change
$0.0046 from $0.1186
All Time High
June 20, 2019
$3.56 -96.55%
-$3.44 vs. now
24H Change
71.70M USD +7.03%
815 BTC
Volume and Supply
Total Supply: 8.86B ALGO 
8.86B 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
443.59 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
513.12M ALGO
traded over past 24 hours
5.79% 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 $0.122933, reflecting a significant 8.28% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.125449 and a low of $0.112526, suggesting a consolidation phase within a tight price band.
The trading volume of 65,704,958 indicates a robust interest in ALGO, with a volume-to-market cap ratio of 6.03%. This level of trading activity supports the recent price momentum, as the asset is experiencing upward pressure following a recent decline.
Technical indicators reveal a strong short-term bullish sentiment, highlighted by the 1-hour RSI of 83, which indicates overbought conditions. Meanwhile, the 7-day RSI at 54 suggests a more neutral position, indicating potential for further price movement either upwards or a consolidation phase.
The hourly moving averages are showing positive trends, with the 8 SMA at $0.1216 and the 13 SMA at $0.1200 both reflecting upward momentum. The 21 and 55 SMAs also indicate a gradual increase, further reinforcing the bullish outlook in the short term.
From a fundamental perspective, ALGO's historical performance shows volatility, with the all-time high reaching $3.56 in June 2019. Recent price changes indicate a mixed sentiment, with a 7-day price change of 1.43% suggesting stability, while the 14-day change of -6.75% reflects potential bearish pressure that needs to be monitored.
In conclusion, given the current bullish momentum and technical indicators pointing towards further upward movement, I recommend a Buy rating for ALGO. The strong short-term indicators and active trading volume support this position, though investors should be cautious of potential overbought conditions reflected in the RSI.
The trading volume of 65,704,958 indicates a robust interest in ALGO, with a volume-to-market cap ratio of 6.03%. This level of trading activity supports the recent price momentum, as the asset is experiencing upward pressure following a recent decline.
Technical indicators reveal a strong short-term bullish sentiment, highlighted by the 1-hour RSI of 83, which indicates overbought conditions. Meanwhile, the 7-day RSI at 54 suggests a more neutral position, indicating potential for further price movement either upwards or a consolidation phase.
The hourly moving averages are showing positive trends, with the 8 SMA at $0.1216 and the 13 SMA at $0.1200 both reflecting upward momentum. The 21 and 55 SMAs also indicate a gradual increase, further reinforcing the bullish outlook in the short term.
From a fundamental perspective, ALGO's historical performance shows volatility, with the all-time high reaching $3.56 in June 2019. Recent price changes indicate a mixed sentiment, with a 7-day price change of 1.43% suggesting stability, while the 14-day change of -6.75% reflects potential bearish pressure that needs to be monitored.
In conclusion, given the current bullish momentum and technical indicators pointing towards further upward movement, I recommend a Buy rating for ALGO. The strong short-term indicators and active trading volume support this position, though investors should be cautious of potential overbought conditions reflected in the RSI.
Updated 225 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
You May Also Like
In The News

Ethereum Price Surges, Altcoins React – Top 10 Coins to Watch as APEMARS Presale Offers 15,000% ROI
Some lists follow trends. Others set them in motion.

XRP price ‘liftoff’ to $10 will take time, traders say
XRP is holding the $1.80-$2 support, with multiple indicators suggesting an extended sideways price action before a “liftoff” toward double figures.

Valour wins FCA approval to offer Bitcoin, Ether ETPs to UK retail investors
The rollout comes as UK regulators reopen the retail market to crypto-related products and global issuers expand regulated offerings.

Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20
One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.