Algorand price analysis: Can ALGO break above the $1.400 resistance level?

TL: Algorand price analysis suggests downwards movement to $1.3400 The closest support level lies at $1.3800 ALGO faces resistance at the $1.400 mark The Algorand price analysis shows that while the bulls were able to recover to the $1.3900 mark, the price action has stagnated below the $1.400 mark as ALGO finds strong bearish

Timeline of Algorand

Silver Spring, MD, Jan. 13, 2022 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announces it has added Algorand (“ALGO”) to its infrastructure staking operations. Algorand's blockchain...

Former Citibank executive Matt Zhang launched Hivemind Capital, a $1.5 billion fund, to support the Algorand (ALGO/USD) ecosystem. Zhang and the fund will invest some of that money in a play-to-earn metaverse project on Algorand. Drone Racing League at core of project As Forbes reported on January 5, the core of the project will be The post Hivemind Capital launches drone racing P2E project on Algorand appeared first on Invezz.

Drone Racing League (DRL) is bringing its sport to the metaverse. Algorand's PoS blockchain will host the play-to-earn, digital version of DRL, targeted at a young audience of drone enthusiasts, video gamers, crypto-heads — and Gen-Z environmentalists.

ALGO

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While Bitcoin's price action stayed below its 4-hour 20-50-200 SMA, Shiba Inu and MANA's near-term technical indicators exhibited a bearish inclination.  The meme coin seemed to hold the 61.8% Fibonacci support.

The new year didn't ring well for the Algorand community, as the decentralized trading platform Tinyman built on the network was subject to an attack on 1 January, 2022. This followed a year of heightened theft that saw over $10 billion being lost to DeFi scams and hacks.

An Algorand-based trading platform dubbed Tinyman suffered a smart contract exploit and $3 million is now lost as we are reading more in our latest cryptocurrency news. The Algorand-based trading platform talked about the latest attack which started on January 1st.

Decentralized trading protocol Tinyman, built on Algorand, was the victim of a smart contract exploit. The protocol is estimated to have lost $3 million after all was said and done.

The world of cryptos is now home to a plethora of capable blockchains and protocols, which have been progressing at a remarkable rate. In an ocean of protocols a handful of them are rising towards prominence, whilst imprinting benchmark's for budding platforms. Algorand has rolled up its sleeve to retaliate against its rivals. The platform …

Cryptocurrency's market capitalization is steadily expanding. Despite the fact that it had ups and downs in its performance in 2021. Numerous Cryptocurrencies, Tokens, and Altcoins have entered the crypto world and have garnered significant value, even surpassing Bitcoin and Ethereum.  Bitcoin, the world's largest cryptocurrency, is up over 1% today. Today, a number of other …

The team behind Algorand's “first algorithmic money market and stablecoin” has joined forces with the Algorand Foundation to give away 2M $ALGO tokens in Q1 2022 via the Aeneas Liquidity Program. 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