There has been a decent c. 20% uplift in ALGO today over the past 16 hours (26/04/2021). The following charts all relate to the ALGO/USDT market.
I had just recovered my losses from the recent (general) drop in Crypto prices last week, and turned my automated ALGO Crypto bot back on again last night. It was a nice surprise to see over a 3% return this morning.
That's why I thought I would check out the market. My bot had a habit of making a profit, and then buying more Crypto at a high price - and I can't help but interfere. In the long term the bot would do just as well, but I like to see the trades happening rather than just holding on for days or weeks for a trade to happen. So I stopped my bot to see what had been happening.
Starting from "The Dip" last week on 18th April, you can see that ALGO has generally been in a downward trend (c 49% decrease in value at it's low point). It looks like this low point may have stopped on the 23rd April, and started to slowly climb back again. It is nowhere near the heady heights of 1.788 that it was on the 17th April, but it has climbed from a low of 0.9130 to 1.2484 today (a 36% increase).
I am hoping that this is general recovery of ALGO. I don't have lots of ALGO coins (e.g. worse case is that I could afford to loose them all without worrying about it) but it is nice to see it generally recover. I like ALGO as a currency to trade in, and also to HODL as it provides APR coin returns as well.
Note : All of my articles are my own work and relate to my own personal experience. Investing is always at your own risk.