Most Popular Centralized Exchange For Algorand Wallets
revealing the volume of Algorand moved in and out of cex from first Jan 2021 until now
one of the most important techniques in analyzing the price of cryptocurrency is volume of coin that moved in and out from CEX. so for Algorand coin we show the volume of Algo that moved in CEX from 1st Jan 2021 until now.
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If we compare peaks in the charts with the price chart of ALGO, we see these peaks occur simultaneously as price peaks and troughs. This means traders decide to buy or sell a huge amount of AlGO coins, so they move their assets from Wallet to CEX and vice versa.