Cryptocurrency Algorand Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Algorand's (CRYPTO: ALGO) price has decreased 3.28% over the past 24 hours to $0.15, continuing its downward trend over the past week of -9.0%. Trading volume has climbed 54.0% over the past week, and the circulating supply has increased 0.43% to 7.24 billion.
May 25, 2023 | 7:00 pm
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Algorand's price has decreased 3.28% in the past 24 hours and 9.0% over the past week, with trading volume increasing 54.0% and circulating supply at 7.24 billion.
The decrease in Algorand's price over the past 24 hours and week, along with the increase in trading volume, indicates a negative short-term impact on the asset. The increase in circulating supply may also contribute to the downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100