Algorand ALGO
Current Price
$0.1203 +15.35%
$0.0179 Daily Range (14.86%)
$0.1043$0.1222
$198.99M Daily Volume
2,986 BTC
Vol/MktCap: 18.58%
Market Performance
0.56% Relative BTC Volume
The total volume of Algorand is $198.99M over the past 24 hours, compared to $35.45B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1193 +0.85%
13 SMA $0.1159 +3.82%
21 SMA $0.1126 +6.83%
55 SMA $0.1067 +12.76%
144 SMA $0.0930 +29.37%
Price Performance
+2.67% 1 Hour Change
$0.1203 from $0.1172
+48.33% 7 Day Change
$0.0581 from $0.0622
+33.37% 14 Day Change
$0.0401 from $0.0802
+37.45% 30 Day Change
$0.0450 from $0.0752
All Time High
June 20, 2019
$3.56 -96.62%
-$3.44 vs. now
24H Change
144.31M USD +15.57%
2,165 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
444.39 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
1.76B ALGO
traded over past 24 hours
19.76% 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 $0.121587, marking an impressive 18.00% increase over the past 24 hours. The coin has experienced significant volatility, with a daily range of $0.020671, reaching a high of $0.122152 and a low of $0.101481.
Trading volume over the past 24 hours stands at 189,233,906, contributing to a volume-to-market cap ratio of 17.51%. This level of trading activity indicates a healthy interest in ALGO, which can support continued upward momentum if buying pressure remains strong.
Technical indicators suggest a bullish trend, with the 8 SMA at $0.1104 reflecting a 10.18% increase, while the 144 SMA shows a more significant 33.38% rise at $0.0912. The 1-hour RSI is at 76, indicating potential overbought conditions, while the 7-day RSI at 67 suggests that momentum is still favorable but approaching saturation.
In the broader context, ALGO has seen substantial gains over various time frames, with a 7-day price change of 46.61% and a 30-day change of 38.16%. These figures highlight a strong uptrend, bolstered by recent bullish sentiment and increased trading activity.
Given the significant price surge, the current RSI levels suggest caution in the short term, as overbought signals may lead to a price correction. However, the robust performance across multiple time frames indicates a potential for continued growth, assuming market conditions remain favorable.
In conclusion, the current market dynamics for Algorand present a mixed scenario; while the short-term indicators may suggest overbought conditions, the overall trend remains strong. Therefore, a rating of "Hold" is warranted, allowing for potential dips to be utilized for accumulation, given the long-term bullish sentiment.
Trading volume over the past 24 hours stands at 189,233,906, contributing to a volume-to-market cap ratio of 17.51%. This level of trading activity indicates a healthy interest in ALGO, which can support continued upward momentum if buying pressure remains strong.
Technical indicators suggest a bullish trend, with the 8 SMA at $0.1104 reflecting a 10.18% increase, while the 144 SMA shows a more significant 33.38% rise at $0.0912. The 1-hour RSI is at 76, indicating potential overbought conditions, while the 7-day RSI at 67 suggests that momentum is still favorable but approaching saturation.
In the broader context, ALGO has seen substantial gains over various time frames, with a 7-day price change of 46.61% and a 30-day change of 38.16%. These figures highlight a strong uptrend, bolstered by recent bullish sentiment and increased trading activity.
Given the significant price surge, the current RSI levels suggest caution in the short term, as overbought signals may lead to a price correction. However, the robust performance across multiple time frames indicates a potential for continued growth, assuming market conditions remain favorable.
In conclusion, the current market dynamics for Algorand present a mixed scenario; while the short-term indicators may suggest overbought conditions, the overall trend remains strong. Therefore, a rating of "Hold" is warranted, allowing for potential dips to be utilized for accumulation, given the long-term bullish sentiment.
Updated 215 minutes ago.
Algorand Relative Price at Market Cap of:
Algorand TradingView Chart
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