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#Gate广场四月发帖挑战 Can short now @E0# ALGO is currently quoted at **0.1248 USDT**, with a very strong recent trend.
| Time Frame | Price Change |
|---|---|
| 24 hours | +8.55% |
| 7 days | +32.67% |
| 30 days | +52.53% |
| 90 days | -8.54% |
The 24-hour range fluctuates between 0.1146 and 0.1269, with the current price near the upper end of the range. Trading volume is about 8.91 million ALGO, market cap approximately 1.12 billion USDT, ranking 67th globally.
In the past month, the increase has exceeded 50%, indicating strong short-term momentum. However, over 90 days, the return is still negative, suggesting this recent rally is more of a short-term catch-up rather than a continuation of a long-term trend. Algorand is backed by Turing Award winner Silvio Micali, providing fundamental support, but traders should be cautious of the risks of chasing highs in the short term and manage their positions carefully.