Cryptocurrency Algorand Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Algorand's (CRYPTO: ALGO) price has decreased by 5.13% over the past 24 hours to $0.11, continuing its downward trend over the past week of -14.0%. The trading volume has climbed 21.0% over the past week along with the circulating supply of the coin, which has increased 1.98% to 7.62 billion. The current market cap ranking for ALGO is #48 at $807.84 million.
July 11, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Algorand's price has decreased by 5.13% over the past 24 hours, continuing its downward trend over the past week of -14.0%. The trading volume has climbed 21.0% over the past week along with the circulating supply of the coin, which has increased 1.98%.
The decrease in Algorand's price, along with the increase in trading volume and circulating supply, indicates a bearish market sentiment. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100