Algorand (ALGO), Moderate Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, October 01, 2023 08:02 PM | InvestorsObserver Analysts

Algorand (ALGO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has gained 2.86% to $0.1062527937.

InvestorsObserver is giving Algorand a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Algorand!

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Moderately Volatile

InvestorsObserver gives Algorand a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ALGO's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.