Algorand (ALGO) Logo Thumb Algorand ALGO

Rank #29 Cryptocurrency

Price Algorand (ALGO)
1,312.2776251   2.24028%

Market Cap. : IDR 10,273,140,708,000 2.24028%

Algorand Price Live Data

The live Algorand price today is IDR 1,312.2776251 with a 24-hour trading volume of IDR 1,185,821,763,000. We update our ALGO to price in real-time. Algorand is 2.24028% in the last 24 hours. The current ranking is #29, with a live market cap of IDR 10,273,140,708,000. It has a circulating supply of 7,828,470,000 ALGO coins and a max. supply of 9,975,100,000 ALGO coins.

If you would like to know where to buy Algorand , the top cryptocurrency exchanges for trading in Algorand stock are currently Binance, OKEx, CoinFLEX, and CoinTiger.

Chart Algorand to IDR


What is Algorand (ALGO)?

"Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake."

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Buying tips Algorand (ALGO)

The combination of technical and non-technical analysis is very important before deciding to buy a crypto asset, in this case Algorand (ALGO). Technically you can combine several indicators to get the right formula for determining the entry point Algorand. For example, you can use the MACD indicator to find the ideal crossover point, then combine it with the RSI to measure the saturation point of sellers and buyers.

Besides technical, non-technical factors also need to be analyzed. "News" can affect the price of an asset both in the short and long term, good news or a new project from Algorand can lead to positive sentiment which results in an increase in the exchange rate in trading. On the other hand, bad news from Algorand can have a depreciating effect on the asset's value. Apart from this, news or policies related to the global economy can also affect the value of Algorand. So make sure you have analyzed these factors before starting to trade.

In addition to entry points, you should also know when is the best time to sell Algorand. So when is the right time? the following are brief tips.

  • When the price Algorand is high, the first moment that could be a good time to sell Algorand is when the price the asset is high. It should be noted that in investing there is a rule that investors need to remember, namely 'Buy When Cheap and Sell When Expensive'.
  • Prices Algorand Rise In the Short Term, Very fast price fluctuations make investors Algorand too need to periodically monitor the price of a coin. Because, there is some momentum where crypto coins can experience price spikes in a short time. For those of you who use the PRO and PREMIUM tradingpoint features, you will get a notification(*) if Algorand experiences a significant increase. Well, if you get the time, then it's a good time to sell some of the Algorand owned. But usually, this condition occurs for small coins where the per-coin price range is not too high.
  • Trading volume Algorand high, Price increase & decrease chart Algorand can also be monitored through the transaction cycle happens to a crypto asset.

Those are some brief tips that you can use as parameters in buying or selling Algorand, of course, besides that there are many other indicators that you can use to trade/invest.