Algorand’s cryptocurrency known as ALGO/USD has experienced a decrease of 3.28% in the past 24 hours alone, currently priced at $0.15, continuing its downward trend from -$0.17 to its present price over the past week, marking a -9.0% drop.
The chart below portrays Algorand’s price movement and volatility over the last 24 hours (on the left) compared to its price movement for the past week (on the right). The gray bands on the chart are Bollinger Bands which measure the price movement volatility on both a daily and weekly basis. At any moment, the larger the gray area is, or, the wider the bands are, the greater the volatility.
Over the past week, Algorand’s trading volume has increased by 54.0%, along with the circulating supply of the coin which has increased by 0.43%, bringing its circulating supply to 7.24 billion, accounting for an approximate 72.42% of the maximum supply of 10.00 billion. As per our data, ALGO is listed at position #42 for market capitalization, currently valued at $1.09 billion.
This data is powered by CoinGecko API
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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