Algorand price analysis: ALGO falls below $0.3800 as bears take over

Algorand price analysis suggests a downwards movement to $0.3500 The closest support level lies at $0.3800 ALGO faces resistance at the $0.4024 mark The Algorand price analysis shows that ALGO has been unable to climb past the $0.4200 mark and the following rejection caused the price to crash below the $0.4000 mark.  The.

Timeline of Algorand

Algorithmic investment adviser firm Delphia secured $60 million in a Series A funding round led by crypto venture firm Multicoin Capital. The post Algo investment advisor Delphia secures $60 million in Series A round appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Algorand's (ALGO) correlation with the king coin over the last 6-7 months drew down the alt to its yearly lows in May.

The point of cryptocurrencies is to allow people to eliminate the use of middlemen in transactions in which they do not trust the other party. Other than the few currency-focused crypto tokens like bitcoin, virtually all cryptocurrency blockchains are “smart contract” platforms that allow users to set up self-executing agreements that make payments or other

Algorand investors are, in the truest sense, absolutely unpredictable because when investors of every other cryptocurrency were moving away from their investments, ALGO holders were heading headfirst into the asset. This, despite the altcoin itself treading the abyss.

In a surprise move, the Algorand Foundation has shown commitment to helping those impacted by the Terra collapse, offering a place where developers and projects can continue to grow and innovate. Algorand (Algo) is one of the most advanced layer-one networks in the blockchain industry, focused on sustainably expanding blockchain utility. Algorand was founded by The post Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand appeared first on Coin Bureau.

Almost three weeks have passed since ALGO set a new 2022 low at $0.34 on 12 May, courtesy of the crash after UST's collapse. ALGO experienced a notable bounce-back since then, but it has since then given up those gains in favor of a support retest.

The performance of the global crypto market has changed a bit as the value of losses has been reduced. The influx of funds to the market has helped Binance Coin and others turn bullish.

Algorand, a Proof-of-Stake (PoS) blockchain protocol, has invested an undisclosed amount in FlexID to expand its Self Sovereign Identity (SSI) platform, according to an announcement. The post Algorand funds FlexID to offer Africa's unbanked self-sovereign IDs appeared first on CryptoSlate.

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

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.