June 3, 2023

Cryptocurrency Algorand Up More Than 5% In 24 hours

Algorand’s (CRYPTO: ALGO) price has increased 5.85% over the past 24 hours to $1.78. Over the past week, ALGO has experienced an uptick of over 4.0%, moving from $1.71 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.


Algorand’s trading volume has climbed 6.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.75%. This brings the circulating supply to 6.37 billion, which makes up an estimated 63.74% of its max supply of 10.00 billion. According to our data, the current market cap ranking for ALGO is #18 at 11.36 billion.


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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