Over the previous 24 hours, Algorand’s ALGO/USD worth has fallen 3.08% to $0.24. This continues its detrimental development over the previous week the place it has skilled a 4.0% loss, transferring from $0.25 to its present worth.
The chart beneath compares the value motion and volatility for Algorand over the previous 24 hours (left) to its worth motion over the previous week (proper). The grey bands are Bollinger Bands, measuring the volatility for each the day by day and weekly worth actions. The broader the bands are, or the bigger the grey space is at any given second, the bigger the volatility.
The buying and selling quantity for the coin has fallen 32.0% over the previous week, transferring in tandem, directionally, with the general circulating provide of the coin, which has decreased 0.08%. This brings the circulating provide to 7.20 billion, which makes up an estimated 71.99% of its max provide of 10.00 billion. Based on our information, the present market cap rating for ALGO is #37 at $1.73 billion.
This text was generated by Benzinga’s automated content material engine and reviewed by an editor.
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