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Algorand bull market cycles - historical perspective of ALGO bull runs
In this overview, we will show the previous bull runs of the Algorand cryptocurrency, including statistical analysis of ALGO returns during previous bull runs.
|Symbol||Price (USD)||Price change (1d)||Price change (1 week)||Sentiment||Sentiment change (1d)||Sentiment change (1 week)||Tweets volume change||Trading volume change||Volatility||MarketCap|
A bull market is a period of general rising prices in the crypto, stock or any other financial market.
A bull market is typically preceded by a bear market and followed by a bear market.
We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.
Algorand has experienced 9 bull markets in the past, see chart below:
What is Algorand biggest bull run ?
Algorand biggest bull run started on Nov 4th, 2020 and ended on Feb 13th, 2021, lasting for 101 days..
During this time, the price of Algorand increased from 0.2313 USD to 1.7010 USD, resulting in a return of 635.4 %.
Average compounded daily increase of price during this period was 2% / day.
What is Algorand 2nd biggest bull run ?
Algorand 2nd biggest bull run started on Mar 17th, 2020 and ended on Aug 14th, 2020, lasting for 150 days.
During this time, the price of Algorand increased from 0.1279 USD to 0.6541 USD, resulting in a return of 411.6 %.
Average compounded daily increase of price during this period was 1.09% / day.
What is Algorand 3rd biggest bull run ?
Algorand 3rd biggest bull run started on Jul 21st, 2021 and ended on Sep 13th, 2021.
During this time, the price of Algorand increased from 0.7009 USD to 2.3829 USD, resulting in a return of 240.0 %.
Average compounded daily increase of price during this period was 2.29% / day.
Returns of previous Algorand bull runs
In the following table you can see the previous ALGO bull runs, in which period they occurred and what were the returns achieved during each bull run:
|Start Date||End Date||Start Price||End Price||Return (%)|
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Bull and bear markets of Algorand
See Algorand past bull and bear markets in the chart below:
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