77% of retail investor accounts lose money when trading CFDs with this provider.
|1 Algorand = 0.12218 GBP||1 000 GBP = 8,184.40388 ALGO|
|100 Algorand = 12.21836 GBP||100 000 GBP = 818,440.39 ALGO|
|Currently in circulation: 7,244,255,076 ALGO||The maximum amount of ALGO in circulation: 7,631,724,571|
Both rise and fall of the price is an opportunity for trading. Thanks to CFD brokers, it is possible to trade even falling prices. For a trader, the worst are stable prices where it is not possible to “jump on the wave and ride it.”
Jumping on the wave means trading in the direction of the trend. Put simply, when the price is falling – trade fall; when it is rising – trade rise.
Market value and the current Algorand price
|Current price||0.1222 GBP / 0.1516 USD / 0.1413 EUR|
|Total market value||884,720,465 GBP / 1,098,054,979 USD / 1,023,224,728 EUR|
|Price change in the last 24h||-0.82%|
|Price change in the last 7 days||-6.29%|
|Updated||May 31, 2023, 5.59 am|
In the last 24h, the price of the cryptocurrency Algorand has decreased by 0.82%. Overall, it can be said that there is a decreasing trend because the value of the cryptocurrency Algorand has decreased by 6.29% in the last 7 days. The total market value of the cryptocurrency Algorand as of Jan 12, 2022, is 1,098,054,979 USD (roughly 884,720,465 GBP), which makes it the 45th most valuable cryptocurrency in the world.
Cryptocurrencies with similar market capitalisation: APEcoin | The Sandbox | Pax Dollar
|Date||ALGO/USD||Price in GBP||Change in 24h|
|May 30, 2023||0.152 USD|
|May 29, 2023||0.153 USD|
|May 28, 2023||0.152 USD|
|May 27, 2023||0.151 USD|
|May 26, 2023||0.151 USD|
|May 25, 2023||0.151 USD|
|May 24, 2023||0.156 USD|
|May 23, 2023||0.163 USD|
|May 22, 2023||0.163 USD|
|May 21, 2023||0.162 USD|
|May 20, 2023||0.165 USD|
|May 19, 2023||0.166 USD|
|May 18, 2023||0.167 USD|
|May 17, 2023||0.174 USD|
You can open a demo account or a real money account. 77% of retail investor accounts lose money when trading CFDs with this provider.
Frequently asked questions
1️⃣ What will be the price of Algorand in a day/week/month?
Predicting the ALGO price correctly is not easy. However, we prepared a technical analysis which will help you to identify whether it is better to sell or buy this cryptocurrency.
2️⃣ Can I make some money from falling prices?
Yes, you can speculate on the price fall via CFD. You can try out everything for free, you just need to choose a broker and open a demo account.
3️⃣ Is Algorand worth trading or do you recommend another cryptocurrency?
Realistically, we cannot evaluate whether or not ALGO is worth trading. Each cryptocurrency is specific and it is important to know everything that affects its price. However, we believe it is always safer to trade cryptocurrencies with a higher market capitalisation. Generally, they do not experience the same fluctuations in prices as those with a lower market cap.