Algorand
ALGO#62ALGO is the native coin of Algorand, a proof-of-stake blockchain for payments and tokenised assets.
- Market cap
- $1.14B
- Volume 24h
- $135.79M
- All-time high
- —
- Circulating supply
- 9.06B of 10B
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Algorand is a mature proof-of-stake network with a 10 billion supply cap, a clear US status and real payment use, but its DeFi activity is small and its Foundation still holds and releases a large ALGO balance.
Reviewed every 3 months and on major eventsNews: Mixed
The main news for Algorand was a change of leadership at the Algorand Foundation.
Reviewed monthly and when something material happensPrice & market
ALGO trades near 0.123, inside the current zone of 0.121–0.126, after a 44% gain in 30 days. From here the potential is unfavourable: about 8.7% to 0.134 against about 18.1% to 0.101. The long-term base is sound, with a capped supply, a clear US status and real payment use. Small DeFi activity, regular Foundation releases and high volatility weigh on the 2 to 12 week view, which is cautious; the interest zone of 0.108–0.114 offers a better balance.
- Review level
- $0.101
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
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