Algorand

The price of Algorand (ALGO), a popular cryptocurrency, <a href="https://coinmarketcap.com/currencies/algorand/markets/" rel="noopener noreferrer nofollow">continues</a> to dwindle, leaving 97% of its investors nursing significant losses. The virtual coin’s persistent depreciation ignites fears that investors&#39; exit might trigger a larger-than-anticipated downward spiral.The market behavior of Algo investors appears to be a flight to safety, driven by a steep fall in the token’s price, which has nosedived from $0.285 at the end of February to $0.112, its <a href="https://www.binance.com/en/price/algorand" rel="noopener noreferrer nofollow">current</a> valuation. The fact that ALGO’s poor performance is playing out at a time when Bitcoin has crossed the $30,000 milestone has compounded investors&#39; frustration and escalated the sell-off trend.ALGO stands out for its failure to buck the trend in a crypto market that has witnessed a fair share of recoveries. The disappointing price trajectory is reflected in the investor behavior, with ALGO holders, primarily medium-term investors (holding for over a month and under a year), unloading their assets to stem the bleeding.The investors’ scramble to exit has led to a 145% reduction in their portfolio values over the last month, thereby decreasing their dominance. These medium-term investors now <a href="https://link.springer.com/article/10.1007/s11573-022-01121-9" rel="noopener noreferrer nofollow">control</a> just 56% of all ALGO, while short-term holders (holding for less than a month) command 25% of the total circulating supply.Read full article at <a href="https://cryptotale.org/algorand-in-crisis-investor-evacuation-threatens-algo-stability/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Algorand in Crisis: Investor Evacuation Threatens ALGO Stability

CryptoTale

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