Why is $ALGO constantly showing a downward trend and not rising?

You can access information about #Algorand via #Binance . But our topic here is why #Algo is constantly falling.

To put it briefly:

One of the most important developments in the crypto market is unlocking. Before unlocking, locked tokens do not see any transactions. Token locks must be unlocked in order to be bought and sold. With token unlocking, the project's tokens also become tradable.

In general, as the number of tokens in the market increases, it causes a decrease in the token price. Therefore, the token unlocking process negatively affects the price.

Why Are Unlockings Important?

Unlockings can directly affect the price of a token by affecting its supply. If there is a big unlock and the market demand cannot meet this increase, it is quite normal for the price to fall...

We can say that Algorand is not as popular as $SOL or $ADA yet. Therefore, expecting a serious increase would be a bit of an exaggeration.