Biggest Movers: ALGO Boosted by FIFA Partnership News, as AVAX and Near Rise ...
ALGO was up by nearly 20% during today’s trading session, following the news of a partnership with football’s governing body, FIFA. NEAR and AVAX were also higher on Tuesday, with AVAX extending a recent bullish run. Algorand (ALGO) ALGO was one of Tuesday’s big gainers, as it was announced that FIFA would be partnering up with Algorand for the upcoming 2022 world cup. The partnership will also see Algorand serve as an official sponsor for next year’s Women’s World Cup in Australia and New Zealand. As a result of the....
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AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news.
Avalanche (AVAX)
AVAX moved close to a one-week low on Friday, as prices fell following the release of U.S. inflation data.
Following a high of $25.29 on Thursday, AVAX/USD slipped to a low of $22.78 earlier in today’s session.
This drop took prices close to their support level of....
AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today’s biggest losers, as prices fell by over 10% on Thursday, pushing them to a two-week low. Following a low of $23.72 during Wednesday’s session, AVAX/USD climbed to a peak of $28.54 earlier in the day. Today’s drop saw AVAX hit its lowest point since May 12, and comes as its recent support point of $29.20 was....
ALGO price struggles to clear technical resistance despite the ongoing Algorand-FIFA partnership hype. Algorand (ALGO) prices rallied higher on May 3 after becoming FIFA's official blockchain solution provider. Nonetheless, the ALGO/USD pair continues to face selloff risks.High-profile partnershipALGO's price jumped 20% to $0.74, its highest level since April 22. Its move upside came as a part of a broader rebound that started April 30, gaining 37.5% in just three days of trading.ALGO/USD daily price chart. Source: TradingViewAs visible in the chart above, a large portion of the ALGO's....
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, Frax Share and Helium staged brief double-digit rallies in an otherwise stagnant market, thanks to a major partnership and new project developments. Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand. Data from Cointelegraph....