Algorand recently received a big boost for its blockchain ecosystem courtesy of Hivemind Capital’s $25 million investment to the decentralized finance (DeFi) Layer 1 chain. Algorand DeFi ecosystem recently attained new all-time high in total locked value ALGO registered a 3.23% price surge before experiencing minor price correction once again The altcoin is predicted to…
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. At the time of writing, Algorand price trades at $0.36 with a 14% profit and a 21$ profit in the…
The Algorand (ALGO) blockchain has added over 6 million new accounts to its network since the beginning of 2022. According to AlgoExplorer data, the total number of accounts on Algorand at the turn of the year was 17,373,299, while at press time (by March 10, 2022), this number was 23,548,065. This represents a 35% gain…
After two years of cryptocurrency bear market, altcoin assets are finally surging in value once again, but the best performers thus far are shiny new projects with much promise and hype such as Algorand.Among the top-most performers, are Tezos, and Chainlink, but could this newcomer be ready to join these shining stars of the cryptocurrency…
Algorand’s (ALGO) performance on the charts has been nothing short of a rollercoaster. According to data from CoinGecko, yesterday, the asset’s value plummeted to a historical bottom, and it’s currently down by nearly 10% in the past 24 hours. Algorand Records New Low Just yesterday, amid the significant downturn in the crypto market, Algorand’s price fell…
As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to a larger competitor, Bitcoin, institutional…
Algorand Foundation’s new ad criticized Bitcoin, Ethereum, and Solana for their efficiency. The ad received mixed reactions from the crypto community and sparked a conversation about the art of advertising crypto products. Related Reading Algorand, The Only One “Delivering” Algorand’s latest ad has sparked controversy for “dissing” three networks. Titled “When Blockchain Meets The Real…
The Algorand price has been positive over the last 24 hours. Despite minor gains, the altcoin has been moving north. There have been many updates in Algorand’s ecosystem, which might have brought in a slight appreciation in price. As bulls slowly return to the market, investor interest has also shot up accordingly. The technical outlook…
Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption…
On Thursday night, Algorand CEO Staci Warden’s X Account (formerly known as Twitter) was compromised. Since then, the crypto community and the hacker have been having a back-and-forth conversation. Justin Sun Will Boost Algorand To “New Heights” Algorand Foundation’s X account was the first to inform about the hack and advised users to be careful…