@Algorand Foundation ALGO Remains Active on Binance Despite Market Fluctuations

Algorand (ALGO) is still garnering attention as it ranks No. 46 with a market cap of $1.60 billion. With more than 8.8 billion ALGO in circulation from a capped 10 billion, the majority of the supply is already in circulation, alleviating long-term dilution risks for traders.

Binance trading volume is at $92.4 million with a volume-to-market cap of 5.77 percent. That's slightly lower than some other assets, of course, but still demonstrates consistent demand and interest from institutional and retail players alike.

ALGO debuted in mid-2019 at $2.40 and hit a high of $3.28 shortly afterward. Its lowest ever price was $0.087 in September 2023, indicating the token has ridden both bull and bear markets. That resilience is one reason many continue to watch ALGO closely.

Examining near-term order flow on Binance, net outflow is -4.03 million ALGO. Large orders have the largest disparity, with outflow of more than 3.27 million ALGO, while small orders actually had a minor net inflow. This may indicate a strategic shift, where larger holders are taking profits and smaller players entering positions.

With platform concentration at 1.25, $ALGO is still decently distributed across wallets and markets, indicative of a healthy ecosystem.

On Binance, ALGO provides investors with access to a blockchain that prioritizes scalability, speed, and affordability — and that value proposition still resonates in the changing crypto market today.

#Algorand #ALGO #Binance #CryptoMarkets #BlockchainScalability