Algorand Archives - 2100NEWS

BrankoSeptember 13, 2019


ALGO (Algorand) as Large-cap Coin is 31 in 2100NEWS ranking. ALGO has Good quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.6. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.


About coin

Algorand has been launched in 22 exchanges. This is a token of the Algorand platform, and its distribution is handled by the Algorand Foundation.

ALGO as Large-cap Coin is 31 in 2100NEWS ranking (after Index Review of 30th August 2019). It is an Index member: NWST1100, NWSL100, NWCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.6, (Average for Large caps: 9.6)

Over the past week, the average market cap was 111.9 million $, average daily volume was 53.7 million $.


To make appropriate peers comparison we gauged the ALGO (Algorand) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original ALGO price, in the middle of the chart is ALGO vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between ALGO and NWSL100. On average (EMA25 – green area graph), the relationship between ALGO and NWSL100 has remained similar from June for nearly three months, meaning it declined vs. NWSL100. However, the correlation graph gives us an explanation that ALGO was moving in the same direction as the NWSL100 (positive correlation). So,  ALGO has been a good representative of the NWSL100 index. 

About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on to be useful for helping investors.



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