$ALGO: Cross-Chain Messaging Protocol Launches Support for Algorand

On Tuesday (May 17), generic cross-chain messaging protocol Wormhole announced that it had launched support for the Algorand ($ALGO) blockchain. As Binance Research explained in a research report published in June 2019, Algorand is “a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed within a truly decentralized network.” Algorand's aim is “to remove technical barriers.

Timeline of Algorand

The latest Algorand price analysis is leading in a bullish direction. Though the price underwent a decline yesterday and decreased to the $0.459 level as the bears made a comeback after three days of recovery from the bullish side.

The crypto market abstained from flashing high volatility over the last 24 hours. But with the crypto fear and greed index still hovering in the ‘extreme fear' zone, the near-term technicals of Polkadot, NEAR, and Algorand were in the neutral-bearish range.

A widely followed crypto analyst is unveiling what he thinks can push Ethereum challenger Algorand (ALGO) to a fresh all-time high. In a new video, the host of popular YouTube crypto channel Coin Bureau tells his 2.04 million subscribers that smart contract platform Algorand is currently facing a number of fundamental challenges including the exponential The post Here's How Ethereum Rival Algorand (ALGO) Can Definitively Break All-Time Highs, According to Coin Bureau appeared first on The Daily Hodl.

After dancing around its highest liquidity range (Point of Control, POC) near the $0.7 zone for two months, Algorand (ALGO) correlated with the broader sell-offs. As a result, the altcoin marked a substantial drop below the vital ranges of its Pitchfork.

May 12, 2022 – Madrid, Spain Bnext announces a total investment of $10 million, as the Spanish fintech giant prepares to complete its token sale. Borderless Capital has increased its investment in Spanish fintech Bnext to $10 million with a new investment of $4.5 million. What this means for Bnext This latest investment will help further Bnext's The post Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand appeared first on The Daily Hodl.

Napster, once popular in the early 2000s for peer-to-peer audio file sharing, has been acquired by Hivemind and Algorand, the teams announced today. The post Napster acquired by Hivemind, Algorand at undisclosed price appeared first on The Block.

The year 2022 is set to be a lucrative and beneficial year for crypto users, as analysts and experts predict that this year will be the year of a big pay-out. What is stopping you from being part of this?

Not all of the top altcoins saw a plunge in their value in the Week-to-Date (WTD) period and here are three of the most resilient coins which printed good growth amid a sweeping bearish slump.

Solana (SOL) The SOL price slashes below the crucial support at $77.50 and may continue to head towards the pivotal support at $65.45  However, a minor bounce may make its way out just below $70 but the rebound if ignited may still not uplift the price above the crucial price zone around $77.5 Hence the …

The Algorand price analysis is bullish for today as the price has increased by 4.43 percent as prices soar to $0.7126 after a correction from the lows of $0.6893. The market is currently trading between two important levels, $0.6796 and $0.7723, which are acting as resistance and support respectively.