Algorand Profile

ALGO
 Crypto
  

USD 0.30  0.03  9.09%   

Market Performance
0 of 100
Odds Of Distress
Less than 6
Algorand is trading at 0.3 as of the 19th of August 2022, a -9.09 percent decrease since the beginning of the trading day. Algorand has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Cryptocurrency ratings for Algorand are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of July 2022 and ending today, the 19th of August 2022. Click here to learn more.
Algorand is peer-to-peer digital currency powered by the Blockchain technology. More on Algorand

Moving together with Algorand

0.91XRPXRPPairCorr
0.76SOLSolanaPairCorr
Algorand is an internet market maker for p-2-p internet money called Cryptocurrency. Algorand has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Algorand are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Algorand are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Algorand Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. If you consider yourself one of those investors, make sure you clearly understand your entering position. Algorand's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Algorand or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Algorand generated a negative expected return over the last 90 days
Algorand has high historical volatility and very poor performance
Algorand has some characteristics of a very speculative cryptocurrency
Latest headline from www.coindesk.com: Crypto Risk Management How to Get Your Wealth Off an Exchange - CoinDesk

Algorand's Exchanges and Markets

CoinJar Bitstamp ZBG Coinbase Kraken BitMart Binance Korbit DigiFinex CoinBene Bithumb LBank HitBTC Bitfinex ZB Kucoin Exmo Bibox CoinEx
Algorand is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 19 exchanges in multiple currencies. The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.The Algorand platform is a public, a permissionless pure proof-of-stake blockchain protocol that solves the ā€œblockchain trilemma of achieving scalability, security, and true decentralization all at once.Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization.
Coin TypeAlgorand
Proof TypePoS
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolALGO
RatingD+
Technology Adoption RatingD+
Market Performance RatingC-
NameALGO
Sponsoredfalse
White PaperView
Is Tradingtrue
Asset Launch Date2019-06-19
Full NameAlgorand (ALGO)
Asset Website Urlhttps://algorand.foundation/
Asset Token StatusFinished
Block Number21.46 Million
Platform Typeblockchain
Coin NameAlgorand
Total Coins Mined7.27 Billion
Algorand (ALGO) is traded on CRYPTO Exchange. Algorand is peer-to-peer digital currency powered by the Blockchain technology.

Algorand Target Price Odds Analysis

What are Algorand's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Algorand jumping above the current price in 90 days from now is about 92.17%. The Algorand probability density function shows the probability of Algorand crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Algorand has a beta of 0.7815. This suggests as returns on the market go up, Algorand average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Algorand will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Algorand is significantly underperforming DOW.
  Odds Below 0.3HorizonTargetOdds Above 0.3
7.78%90 days
 0.30 
92.17%
Based on a normal probability distribution, the odds of Algorand to move above the current price in 90 days from now is about 92.17 (This Algorand probability density function shows the probability of Algorand Crypto Coin to fall within a particular range of prices over 90 days) .
Algorand is peer-to-peer digital currency powered by the Blockchain technology.

Algorand Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Algorand market risk premium is the additional return an investor will receive from holding Algorand long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Algorand. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Algorand's alpha and beta are two of the key measurements used to evaluate Algorand's performance over the market, the standard measures of volatility play an important role as well.

Algorand Technical Analysis

When it comes to investing in cryptocurrency, such as Algorand, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Algorand, which is currently traded at 0.3, shows everything you need to know about Algorand market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Algorand, to determine its price movements. However, the Algorand's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Algorand's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Algorand's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Algorand Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Algorand price patterns.
.

Algorand Against Markets

Picking the right benchmark for Algorand crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Algorand crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Algorand is critical whether you are bullish or bearish towards Algorand at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Algorand without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

Did you try this?

Run Bond Directory Now

   

Bond Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

How to invest in Algorand

You need to understand the risk of getting into digital currencies such as ALGO before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Algorand in four ways:

Buy ALGO through an exchange

Get yourself a crypto wallet before embarking on your Algorand journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Algorand. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Algorand through an exchange

You don't have to buy a full token when starting out since ALGO is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Algorand through a broker

If you don't want to store your Algorand Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ALGO through an exchange-traded fund (ETF)

You can also invest in ALGO through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Algorand in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please continue to Trending Equities. Note that the Algorand information on this page should be used as a complementary analysis to other Algorand's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for Algorand Crypto Coin

When running Algorand price analysis, check to measure Algorand's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Algorand is operating at the current time. Most of Algorand's value examination focuses on studying past and present price actions to predict the probability of Algorand's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Algorand's coin price. Additionally, you may evaluate how adding Algorand to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go