Algorand

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/algorands-price-rise-high-hopes-yet-lingering-losses-for-investors" rel="noopener noreferrer nofollow">Algorand’s Price Rise: High Hopes Yet Lingering Losses for Investors</a><br></p>
<p style="text-align: justify">Algorand, a noteworthy altcoin, has seen an uptick in value recently. Despite this, the majority of Algorand (ALGO) investors are facing disappointments, as the rise has not been substantial enough to offset past losses. The pattern of Algorand’s value movement presents two predominant outcomes: an initial rise followed by a fall and then a final surge or an adjustment before climbing back to prior high points.</p>
<h2 id="current-state-of-algorand-market">Current State of Algorand Market</h2>
<p style="text-align: justify">Since its peak after the June 2019 launch, Algorand has grappled to reach its former glory, with the current trading price significantly lower than its all-time high (ATH) of $3.27, now hovering around $0.31. The currency would need a staggering 926% surge to revisit its ATH. A vast majority of ALGO holders, making up 85% of investors, bought their assets at prices nearing 20% of the ATH and now face a prolonged wait for returns.</p>
<h2 id="investor-profitability-statistics">Investor Profitability Statistics</h2>
<p style="text-align: justify">Currently, only a small fraction of ALGO investors, about 20.6%, are in the black, which is only a slight improvement over a 12-day period. Despite a 71% rally, this increase in profitability is marginal, highlighting a scant 2.1% rise in total profits. The data suggests most ALGO holders purchased the asset at higher prices, making their chances of achieving profits slim unless the coin’s value significantly increases again.</p>
<p style="text-align: justify">Although the price of Algorand has appreciated, the majority of investors are yet to see profitable returns. This lack of profitability could potentially be advantageous as it may limit selling pressure from profit-taking, providing ALGO with an opportunity to maintain its upward trajectory. The altcoin is on the verge of breaking a resistance level, which could lead to further gains.</p>
<p style="text-align: justify">Nevertheless, the market still faces the risk of sell-offs impacting the <a href="https://en.bitcoinhaber.net/us-treasury-under-fire-for-delayed-response-to-crypto-terrorism-myths" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s value. If ALGO is unable to break through resistance levels, it risks descending to lower support levels, which could undermine the currently optimistic outlook.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/algorands-price-rise-high-hopes-yet-lingering-losses-for-investors" rel="noopener noreferrer nofollow">Algorand’s Price Rise: High Hopes Yet Lingering Losses for Investors</a></h5>

Algorand’s Price Rise: High Hopes Yet Lingering Losses for Investors

目錄

BH NEWS

在 2024年3月13日發表的其他文章

Rap Star Drake Brings Bitcoin To The Masses With Saylor Video

'Dogecoin Killer' Shiba Inu Witnesses 6.84M Tokens Shifted To Coinbase, Binance: Rep Touts Shibos...

Ripple’s XRP Experiences Surge and Setback in Market Transaction Frenzy

P2P Triumph: Kelexo (KLXO) Skyrockets in Presale Success, Surpassing Bitcoin (BTC) & Ethereum (ET...

Rapper Drake Posts Michael Saylor Video Lauding Bitcoin As A Store Of Value To His 146 Million In...

Are US Equities Headed for a Pullback? Examining Market Signals and Investor Sentiment

訂閱免費電子報，每天收取加密貨幣最新動態！