Here Is Why Algoracles Will Usher A New Era Of Growth On The Algorand Network
The Algorand network is one of the fastest-growing projects in the crypto industry. Its decentralized finance (DeFi) sector has expanded from less than $25 million in July 2021 to over $120 million today, according to data from DeFi Llama. The network seems poised to see further expansion as it leverages an innovative consensus algorithm called […]
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While large cryptocurrencies, such as Bitcoin and Ethereum, trade in the red, the Algorand price continues to see profits. Over the last day, this cryptocurrency has been one of the best-performing assets in the sector. Related Reading: Fed Interest Rates Hike Spur Crypto Market Liquidations Of More Than $330 Million At the time of writing, Algorand price trades at $0.36 with a 14% profit and a 21$ profit in the last 24 hours and 7 days, respectively. The cryptocurrency’s performance over this period has only been surpassed by XRP with a 28% profit and Chiliz (CHZ) with a 29% profit.....
Different decentralized finance solutions building on the Algorand blockchain could receive a chunk of a new $300 million fund. Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain. The pool of capital is called the Viridis DeFi fund, headed up by the Algorand Foundation — a group that responsible for the Algorand blockchain and its ecosystem development. “This fund will provide 150 Million Algo to fuel the....
Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network. The partners will launch a cross-chain bridge with major platforms across the crypto industry. To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform. Thus, Algorand […]
The Algorand Foundation introduced its Europe Accelerator program in October 2020. Now, 11 startups have been selected as part of the inaugural cohort. The Algorand Foundation, the research body behind smart contract protocol Algorand, has selected 11 startups for its inaugural accelerator program, a move that could enhance innovation on the emerging blockchain network.The 11 startups selected by Algorand Europe Accelerator are focused on payments and lending, infrastructure, network solutions and the Internet of Things. The accelerator program runs for 12 weeks, from Feb. 1 until late....
Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week. Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals.One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi-million-dollar funds in recent....