Cryptocurrency Algorand Down More Than 6% Within 24 hours

During the last 24 hours, Algorand (CRYPTO: ALGO) The price fell 6.77% to $1.67. This reversed its positive trend over the past week as it gained 16.0%, moving from $1.48 to its current price.

The chart below compares Algorand’s price action and volatility over the past 24 hours (left) with price action over the past week (right). The gray bars are Bollinger bands, which measure the volatility of both daily and weekly price movements. The wider the bands, or the greater the gray area at any given moment, the greater the volatility.

Algorand’s trading volume increased by 79.0% over the past week along with the circulating supply of the coin, which increased by 1.72%. This brings the circulating supply to 6.45 billion, which is an estimated 64.48% of the maximum supply of 10.00 billion. According to our data, ALGO’s current market capitalization rating is number 20 at 10.81 billion.

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