$Algo Coin, also known as Algorand (ALGO), has seen a recent increase in value, rising 3.32% within 24 hours to reach $0.1181. Over the past seven days, the stock dropped by 9.36%, while it gained 6.88% in both the past month and the past year ¹.

The recent movement follows a series of developments at Light AI Inc. and another firm operating under the brand name “algo”. Key updates include:

- *Leadership Transition*: Light AI Inc. announced the appointment of John R. Luna as Chief Executive Officer, effective January 19, 2026, replacing Peter Whitehead.

- *Regulatory Milestone*: Orion Consumer Finance, operating under the brand name “algo,” received a license from Egypt’s Financial Regulatory Authority (FRA) to operate in the consumer finance sector.

Algorand's current price is $0.1201, with a 0.5% decline from an hour ago and a 1.5% increase since yesterday. The 24-hour trading volume is $33,112,592 ².