Since the mainnet launch in 2019, Algorand Price reached an all-time high of $2.82 in November 2021, followed by a prolonged correction, and is currently hovering in the $0.18–$0.21 range. The recent rebound is mainly driven by both overall market sentiment and increased activity on the network itself.
On June 11, the Algorand Foundation released the latest research report, indicating that the widely cited “Total Value Locked” (TVL) metric has no statistical significance in predicting token performance. The report is based on a long-short portfolio test constructed from over 300 crypto assets for the years 2023–2024, finding no evidence that high TVL reduces the ability of TVL portfolios to generate excess returns (Alpha).
- Investing a fixed amount weekly or monthly to smooth out costs;
- Buy near the support level (around $0.19) and reduce positions near the resistance level (around $0.22);
- Track official upgrade rhythms and ecological cooperation news, and operate with grid or take-profit strategies;
- Do not invest more than 20% of the total position in a single transaction, and set a stop-loss level (e.g., if it falls below $0.18).
By analyzing the above perspectives and strategies, beginners can gain a more comprehensive understanding of the ins and outs of Algorand Price and reasonably plan their investment portfolio.
Since the mainnet launch in 2019, Algorand Price reached an all-time high of $2.82 in November 2021, followed by a prolonged correction, and is currently hovering in the $0.18–$0.21 range. The recent rebound is mainly driven by both overall market sentiment and increased activity on the network itself.
On June 11, the Algorand Foundation released the latest research report, indicating that the widely cited “Total Value Locked” (TVL) metric has no statistical significance in predicting token performance. The report is based on a long-short portfolio test constructed from over 300 crypto assets for the years 2023–2024, finding no evidence that high TVL reduces the ability of TVL portfolios to generate excess returns (Alpha).
- Investing a fixed amount weekly or monthly to smooth out costs;
- Buy near the support level (around $0.19) and reduce positions near the resistance level (around $0.22);
- Track official upgrade rhythms and ecological cooperation news, and operate with grid or take-profit strategies;
- Do not invest more than 20% of the total position in a single transaction, and set a stop-loss level (e.g., if it falls below $0.18).
By analyzing the above perspectives and strategies, beginners can gain a more comprehensive understanding of the ins and outs of Algorand Price and reasonably plan their investment portfolio.