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Cryptocurrency Algorand's Price Increased More Than 4% Within 24 hours

Benzinga logo Benzinga 1/11/2022 Benzinga Insights

Over the past 24 hours, Algorand's (CRYPTO: ALGO) price has risen 4.93% to $1.43. This is contrary to its negative trend over the past week where it has experienced a 15.0% loss, moving from $1.67 to its current price. As it stands right now, the coin's all-time high is $3.56.

The chart below compares the price movement and volatility for Algorand over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

price_chart © Provided by Benzinga price_chart

The trading volume for the coin has fallen 61.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.2%. This brings the circulating supply to 6.46 billion, which makes up an estimated 64.64% of its max supply of 10.00 billion. According to our data, the current market cap ranking for ALGO is #22 at 9.25 billion.

supply_and_vol supply_and_vol

Where Can You Buy Algorand?

If you are interested in purchasing Algorand or want to learn more about it, follow this link to Benzinga Money. Our Benzinga Money team has in-depth educational content that not only explains the details of the coin itself but also how and where you can purchase it.

Do you want to learn more about trading and be able to analyze your own portfolio of stocks or cryptocurrencies? Consider signing up for Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy. You can follow the link here to visit.

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