To compare Algorand (ALGO) to Bitcoin (BTC) and Ethereum (ETH), we can look at historical price highs and current prices. Such a comparison can give an insight into how much ALGO's price should be if it were to match BTC or ETH after a percentage drop from its peak value.
**1. Historical highs and current prices:**
- **SALARY/USDT:**
- Historical high: $2.8717
- Current price: $0.1820
- Down: $2.8717 - $0.1820 = $2.6897
- Percentage decline: ($2.6897 / $2.8717) * 100 â 93.66%
- **BTC/USDT:**
- All-time high: $73,777.00
- Current price: $68,908.45
- Decrease: $73,777.00 - $68,908.45 = $4,868.55
- Percentage drop: ($4,868.55 / $73,777.00) * 100 â 6.60%
- **ETH/USDT:**
- Historical high: $4,868.00
- Current price: $3,765.93
- Decrease: $4,868.00 - $3,765.93 = $1,102.07
- Percentage decline: ($1,102.07 / $4,868.00) * 100 â 22.64%
**2. ALGO price if it matched BTC and ETH percentage drop:**
- **If ALGO's drop was the same as BTC:**
- Fall by 6.60% from the maximum value:
- Price: $2.8717 * (1 - 0.0660) â $2.6823
- **If ALGO's drop was the same as ETH's:**
- Fall by 22.64% from the maximum value:
- Price: $2.8717 * (1 - 0.2264) â $2.2218
Conclusion:
If ALGO had experienced the same percentage drop as BTC (6.60%), its price would be around $2.6823. If it had experienced the same percentage drop as ETH (22.64%), its price would be around $2.2218. ALGO is currently trading well below these values, indicating a larger relative decline compared to BTC and ETH.
