Cryptocurrency Algorand Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, Algorand's (CRYPTO: ALGO) price has fallen by 3.79% to $0.09, contrary to its positive trend over the past week where it experienced a 1.0% gain. The trading volume for the coin has increased by 6.0% over the past week, and the overall circulating supply of the coin has increased by 0.16% to over 7.83 billion. The current market cap ranking for ALGO is #49 at $740.60 million.
September 27, 2023 | 3:00 pm
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Algorand's price has dropped by 3.79% in the past 24 hours, despite a 1.0% gain over the past week. The trading volume and circulating supply have increased.
The price of Algorand has fallen in the short term, which could negatively impact its stock price. However, the increase in trading volume and circulating supply could indicate a higher demand for the cryptocurrency, which may offset some of the negative impact.
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