Algorand (ALGO) Undermines Crypto Bloodbath, Adds Over 27% In A Week
This week has been eventful in the crypto market. Many cryptocurrencies have recorded massive losses since Monday, September 19. The Merge on September 15 kickstarted another downtrend for crypto prices. Afterward, CPI data made the feds hike the interest rate by 75 basis points, sending assets price downwards. Related Reading: Bitcoin aSOPR Profit-Loss Junction Continues To Act As Resistance But as these macroeconomic factors push many digital assets down, others resist the pressure and move forward instead. Algorand ALGO is one of these assets, recording price gains in its 24 hours....
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Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains.
Algorand (ALGO)
ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose by as much as 15% on the day.
Following yesterday’s low of $0.63, ALGO/USD rallied to an intraday peak of $0.745 to start the weekend.
The surge saw prices move from long-term support of $0.65, to now hovering....
Algorand (ALGO) has always been lauded for its imagination and innovation. Algorand’s mainnet update can process as much as 6,000 TPS ALGO beats BTC and ETH when it comes to speedy transactions ALGO price is now up by 6.88% following the announcement of mainnet update And it’s now stepping up the game. Recently, Algorand has wowed the community once again with a major upgrade done to its system. With this new update, Algorand is described to be quantum-secure and can now process as many as 6,000 transactions per second. This is nothing new though for ALGO as it has always been considered....
Algorand native token, ALGO, has dropped 17% since the start of this month and has now joined the group of cryptocurrencies whose prices have tumbled by double digits this month. Algorand sheds 91.30% from ATH of $3.28 ALGO price now trading at $0.2985 MFI at 17 reaches oversold zone Away by 91.30% from its record high of $3.28, ALGO is the 30th-ranked cryptocurrency with the greatest market capitalization. Related Reading: VeChain Pulled In Sideways Motion As VET Price Faces Rejection At $0.0247 ALGO Price Loses 0.81% Of Value According to CoinMarketCap, ALGO price has dipped by 0.81% or....
PRESS RELEASE. Singapore, 10 January, 2022: Algorand (ALGO), the layer-1 blockchain for decentralized and traditional finance, has added direct fiat payment channels into their network, thanks to a new integration with Alchemy Pay (ACH). Alchemy Pay, is a payment solutions provider that connects fiat and crypto economies, and its global merchant network now supports Algorand’s $ALGO token for payments in 65 countries. Algorand also announced it has joined the Blockchain Infrastructure Alliance which was inaugurated in October by Alchemy Pay, NEO, NEAR, and Polygon.
The....
Algorand price has been trying to sail through the choppy waters, the coin has moved against the broader market price movement. Over the last 24 hours, Algorand has gained 2%, which means that ALGO is stuck in consolidation. In the past week, ALGO moved up by 3%. This also signalled that the altcoin hasn’t made significant upward movement on the chart. The technical indicator of the altcoin showed that the bulls were still in control. The buyers were still more than sellers, but the technical outlook also pointed out that the bulls would soon fizzle out in the market. The demand for....