Algorands Price Up 50% From Bottom

Algorand Price Increase Chart
Algorand price chart from

Algorands Price Up 50% From Bottom

Algorand has seen a value increase as of late, with almost a 50% climb since the recent bottom during the end of December 2022. As of 22th of January $ALGO is trading north of $0.24.

ALGO, together with BTC and other cryptocurrencies have enjoyed a sudden bull run in the past month. This may be the results of crypto being oversold after the news about FTX bankruptcy just a few month ago, where several millions of USD of crypto market funds vanished in thin air.

Competitor Blockchain Boasting 150% Increase

During the recent bull run Algorands competitor chain, Solana, have seen a staggering 150% in price from the recent bottom in the end of December 2022, hovering at around $25 per SOL.

In the same time the price of Bitcoin has increased by a 50% as well, breaking the $23,000 level. 

Algorand has seen a recent loss in relative market share compared to its competitors, dropping to #36 place in terms of crypto currency market caps. 

Article Author: Martin
Follow on Twitter: AlgoDaddy