$0.1924
Time period | Change amount | % Change |
---|---|---|
1H | $-- | -0.27% |
24H | $+0.01000 | +3.3% |
7D | $+0.01000 | +5.23% |
30D | $-0.04000 | -17.6% |
1Y | $+0.03000 | +16.21% |
87.05
Reliability Score
Rank #1
# 216
Percentile
TOP 5%
Founder
CTO
CMO
CFO
Algorand price today is $0.1924 with a 24-hour trading volume of $42.62 M, and as such Algorand has a market cap of $1.56 B, giving it a market dominance of 0.060%. The Algorand price moved 3.3% in the last 24 hours.
Algorand reached its highest price on 2019-06-20 when it was trading at its all-time high of $3.56, while its lowest price was recorded on 2023-09-11 when it was trading at its all-time low of $0.08751. The current lowest price since the last cycle high was $0.08751, and the highest price since the last cycle low was $3.56. The social sentiment of Algorand is currently Positive.
The current circulating supply of Algorand is $8.12 B ALGO. In terms of market cap, Algorand is currently ranked 82.
There are two schools of thought in determining the price of Algorand.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Algorand, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Algorand from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Algorand on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Algorand as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Algorand and the cryptocurrency market as a whole.
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The FIFA+ Collect platform will continue to launch NFTs on Algorand, but the soccer giant is also expanding to Polygon via drops on OpenSea.
Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India's first rural bank for women.
Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term.
Large and small-cap altcoins are flashing bullish signs as Bitcoin price holds above $37,000.
The layer-1 blockchain Algorand, already in regulators’ crosshairs, suffered yet another breakdown during the latest market crash.
Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-05-10 | $1.58 B | 226.73 M ALGO | $0.1935 | N/A |
2024-05-09 | $1.52 B | 314.4 M ALGO | $0.1866 | $0.1935 |
2024-05-08 | $1.56 B | 272.34 M ALGO | $0.1912 | $0.1866 |
2024-05-07 | $1.59 B | 335.41 M ALGO | $0.1947 | $0.1912 |
2024-05-06 | $1.61 B | 251.61 M ALGO | $0.1978 | $0.1947 |
2024-05-05 | $1.57 B | 233.68 M ALGO | $0.1933 | $0.1978 |
2024-05-04 | $1.56 B | 208.31 M ALGO | $0.1920 | $0.1933 |
2024-05-03 | $1.48 B | 285.27 M ALGO | $0.1813 | $0.1920 |