Algorand Price Chart Shows A Steady Recovery Rally, But Here's A Catch

The ALGO/USDT pair supported by $0.28 monthly support shows a range-bound rally over the past three months. The altcoin failed thrice to surpass the $0.37 resistance, which acts as a bullish limiter for potential recovery.

Timeline of Algorand

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject Algorand, which became live in 2019, operates exclusively on the proof-of-stake protocol.

The ever evolving cryptospace is home to a myriad of digital assets and protocols. One such emerging protocol is Algorand, which has managed to establish is reign in the industry. The network is built on the Pure Proof of Stake consensus mechanism. ALGO is a native token of the platform.

The goal is to promote the most beneficial financial applications for society through the new Algorand Fintech Lab, a collaboration between the university and Algorand foundation and directed by Claudio Tebaldi.

The founder and CTO of Algorand both have indirectly made strong remarks about Solana in order to compete for Helium Network's anticipated migration. Now, you might ask if this recent development coupled with Algorand's massive social media interest helped Algorand's price.

Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. The post Algorand throws hat in ring as Helium community begins vote on Solana migration appeared first on CryptoSlate.

The Algorand Foundation has disclosed that it has invested $35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut. The cryptocurrency lending firm had paused its withdrawals earlier last month.Algorand is a blockchain infrastructure which has embedded smart contract functionality.

Algorand Foundation announced a $35 million USDC blow after Hodlnaut, a crypto lender based in Singapore, suspended all withdrawal transactions from the platform on August 8th, 2022.

The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis.

Algorand Foundation has announced that it has a $35 million USDC exposure in troubled Singapore-based lender Holdnaut. The post Algorand Foundation Discloses $35M Exposure in Hodlnaut appeared first on BeInCrypto.

The Algorand Foundation has $35 million exposure in USDC to Hodlnaut. The post Algorand Foundation has $35 million exposure to troubled crypto lender Hodlnaut appeared first on The Block.