Algorand(algo)market reviews and price predictions

Algorand market statement for 2022-10-04

Yesterday the price of algo stood at $0.36. The market capitalization of the asset was $2 471 769 834. Algorand’s volatility was established at 1.88%. The trading volume of the coin reached $119 758 157.

Algorand prognosis for the next days:

We estimate the price of Algorand to be $0.37 tomorrow 2022-10-08 and $0.35 on 2022-10-14;

We estimate the market capitalization of Algorand to reach $2 451 139 035 tomorrow 2022-10-08 and $2 459 787 936 on 2022-10-10;

We estimate the volatility of Algorand to become 1.49% tomorrow 2022-10-08 and 1.98% on 2022-10-10;

We estimate the trading volume of Algorand to amount to $179 281 100 tomorrow 2022-10-08 and $155 366 066 on 2022-10-10.

Our recommendation for the pair ALGO/USD for tomorrow, 2022-10-08, to hold.

Algorand(algo)week price prediction
UNCLEAR
Price
Volatility
Capitalization
Volume
Sep 11Sep 18Sep 25Oct 02Oct 09Sep 11Sep 18Sep 25Oct 02Oct 090.280.300.320.340.360.380.400.280.300.320.340.360.380.40
Today's review

Buyers weakened their grip on the Algorand market (September 28 - October 4) as the price rose only by 3%.

The bullish behavior of Algorand last week was characterized by the occurrence of upswings. The volatility associated with the ALGO market was low, as were its price fluctuations. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

Latest reviews

The torpid Algorand had its price rise only by 2% last week (September 27 - October 3).

Between September 27 - October 3, Algorand has been mostly as its price has been in the rising mode. The price swings of ALGO pointed to the presence of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Slightly bearish : traders witnessed Algorand moving down 1% from September 26 till October 2.

The behavior of Algorand last week was characterized by the occurrence of downswings. ALGO was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The bleeding market: Algorand loses 9% between September 25 and October 1 as the selling pressure grows.

The downward movement of the Algorand price last week indicates the chosen market is. The volatility of ALGO has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The bleeding market: Algorand loses 6% between September 24 and September 30 as the selling pressure grows.

The behavior of Algorand last week was characterized by the occurrence of downswings. The price swings of ALGO pointed to the presence of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

Algorand lost 8% in the period September 23 - September 29 as a result of selling pressure.

The downward movement of the Algorand price last week indicates the chosen market is. ALGO was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

September 22 - September 28 market wrap: Algorand had a slight 5% drop.

The price of Algorand was falling last from September 22 until September 28, giving enough reason to conclude that the market is bullish. ALGO was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

September 18 - September 24 market watch: Algorand goes up by 26% as buying pressure persists.

The analysis of last week’s price action shows that the Algorand market is in the bullish phase since the price has been moving upward. ALGO was caught in a period of medium volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.

Algorand exploded by 21% in the period of September 17 - September 23 as the buyers got an upper hand.

The bullish behavior of Algorand last week was characterized by the occurrence of upswings. The volatility associated with the ALGO market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.

The bulls muster more strength as Algorand rises by 24% from September 16 to September 22.

Between September 16 - September 22, Algorand has been mostly bullish as its price has been in the rising mode. The volatility associated with the ALGO market was medium, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

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