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ALGO Overview

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Intellectia
24H High
0.0878
24H Low
0.0846
24H Volume
15.83M
24H Volatility
3.78%
All Time High
3.440
All Time Low
0.0794
Correlation with BTC
0.62
Return On Investment
-97.50%
Market Cap
764.93M
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.
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Official WebsiteBlock ExplorerWhitepaper

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of ALGO on social media as of July 8, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding ALGO's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of ALGO on social media as of July 8, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding ALGO's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

No social media posts available

Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K99.73%
$1K+0.00%
$1k-$100K+0.27%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers10.48%
Holders84.84%
Traders4.68%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others75.11%
Whales24.89%

Wallet addresses by amount held in USD

$0-$1K99.73%
$1K+0.00%
$1k-$100K+0.27%

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Whitepaper Summary

Algorand is a high-performance blockchain platform that now processes up to 6,000 transactions per second with sub-4 second block finality. The platform provides robust tools for developers to build decentralized applications and digital assets using their AlgoKit development suite, which has been significantly enhanced since its initial release. The network maintains its commitment to sustainability as a carbon-negative blockchain.

News

Coinmarketcap
4.5
07-07Coinmarketcap
Bitcoin Price Fluctuations Amid Macro Risks
  • Market Rebound: Bitcoin has maintained above $63,000 following a macro-driven rebound last week, with a nearly 10% increase, indicating a growing tension between bullish expectations for Federal Reserve rate cuts and rising geopolitical risks.
  • ETF Demand Resurgence: U.S. spot Bitcoin ETFs recorded net inflows for two consecutive sessions after weeks of persistent withdrawals, suggesting that institutional investors are cautiously returning to the market after a record $4.5 billion in net outflows, potentially driving Bitcoin prices higher.
  • Increased Volatility: A corporate treasury reported an $8.32 billion loss tied to Bitcoin holdings and sold 3,588 BTC, triggering a price pullback toward $61,000, highlighting the market's sensitivity to large sell-offs and resulting in nearly $500 million in leveraged long positions being liquidated.
  • Technical Resistance Emerges: Bitcoin rebounded strongly from the $58,000 area but failed to reclaim the critical $65,000 level, with technical indicators suggesting weakening buying momentum; failure to reclaim $64,000 could lead to another test of the $60,700-$61,000 support area.
Coinmarketcap
7.0
07-07Coinmarketcap
Polymarket Faces Legal Challenges Over Payout Disputes
  • Lawsuit Background: Polymarket is facing a lawsuit from two traders in New York who allege that the platform refused to redeem winning shares on a market predicting whether Strategy would sell Bitcoin by May 31, 2026, leading to significant payout disputes.
  • Bitcoin Sale Evidence: Plaintiffs William Wood and Thomas Bush reference Strategy's Form 8-K, which disclosed the sale of 32 BTC between May 26 and May 31, valued at approximately $2.5 million at an average net price of $77,135, asserting this should resolve the contract in favor of 'Yes.'
  • Contract Term Changes: After the event, Polymarket altered the contract terms, claiming that confirmation of the sale occurred outside the market's timeframe, resulting in the contract resolving as 'No,' which the plaintiffs argue violates the implied covenant of good faith.
  • Legal Demands: The plaintiffs are seeking damages for breach of contract, violation of implied covenants, and deceptive business practices, arguing that Polymarket's marketing claims about seeking truth are misleading if the platform can change resolution standards post-outcome.
Coinmarketcap
7.5
07-07Coinmarketcap
Strategy's Bitcoin Sale Breaks Six-Year 'Never Sell' Narrative
  • Bitcoin Sale Impact: On July 6, Strategy disclosed the sale of 3,588 Bitcoin for approximately $216 million, which, while minor relative to its total holdings, breaks its six-year 'never sell' narrative, potentially affecting market perceptions of its financial stability.
  • Financial Structure Shift: This sale transforms Bitcoin from a permanent reserve asset into a potential funding source, as Strategy's BTC Monetization Program formalizes future sales as credit management rather than emergency actions, which may lead to increased financing costs for similar companies.
  • Market Reaction Analysis: Despite a calm market response, with Strategy's stock only dipping 2% post-disclosure, indicating some confidence in its long-term financial health, it also reflects a significant erosion of trust in its 'never sell' commitment.
  • Future Outlook: Holding 843,775 Bitcoin, about 4.2% of the total supply, the sale has not drastically affected its position; however, future dividend payment methods will attract heightened market scrutiny, necessitating investors to reassess their risk and return structures.
Coinmarketcap
2.0
07-07Coinmarketcap
Analysis of SHIB's Dormancy and Market Dynamics
  • Low Trading Volume: SHIB's 24-hour trading volume stands at $73.9 million, translating to a turnover ratio of only 2.9% against its $2.56 billion market cap, indicating a significant decline in market interest that could heighten future price volatility risks.
  • Market Comparison: In contrast, PEPE, with a market cap less than half of SHIB's, achieved a trading volume of $207 million in the same period, resulting in a turnover ratio of 18.5%, reflecting a marked preference shift among investors towards more active tokens.
  • Price Prediction Scenarios: Based on current data, SHIB is likely to remain around $0.00004360; without a turnover increase to 8% or 10%, its price lacks upward momentum, suggesting the market will continue favoring higher liquidity tokens.
  • Holder Behavior Analysis: SHIB holders appear to have entered a dormant phase, as evidenced by its $2.56 billion valuation despite low trading volume, indicating a reluctance to sell at current prices, which could lead to sharp fluctuations when the market rebounds.

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Frequently Asked Questions

What is price prediction 2025 for ALGO Crypto?

I'm sorry, but I couldn't process your request at this time.

What is surpport and resistant level for ALGO Crypto?

The S1 support level for ALGO Crypto is $0.0827 ,The R1 resistant level for ALGO Crypto is $0.0913.

What is the current price of ALGO Crypto?

The price of ALGO Crypto was $0.0851.

What is the market cap of ALGO?

The market cap of ALGO is $764.9M.