TravelX и Viva Aerobus сотрудничают в оцифровке авиабилетов на блокчейне Algorand

Согласно недавнему объявлению на X, TravelX, компания, которая использует блокчейн, чтобы помочь авиакомпаниям расширить свои возможности розничной торговли, заключила партнерское соглашение с Viva Aerobus, мексиканским гигантом авиакомпаний, для конвертации билетов в цифровые активы с использованием блокчейна Algorand.

Timeline of Algorand

Known for being a blockchain technology pioneer, Algorand (ALGO) has seen ups and downs in the cryptocurrency market. Over the past week, there has been a notable 20% surge in the value of the Algorand token, which also translates to a 42-week peak.

Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women's Association (SEWA).

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The ALGO price trend shows a long-term downtrend in motion, leading to a falling wedge pattern in the daily chart. The bearish pattern brings the Algorand price down to $0.0885, accounting for a price fall of 35% in a month.

Maintaining the deep correction phase, the ALGO price remains under a strong bearish influence. Trading at a 98% drop from the all-time high of 3.77, Algorand struggles to find a reversal spot. If the downtrend continues, the crypto might shortly trade lower than the listing price.

Algorand (ALGO) has recently announced significant changes to its protocol that are set to reshape the future of the blockchain network. These developments are aimed at increasing decentralization and fostering consensus among participants, signaling a bold step forward for the project.

Crypto consortium Fahrenheit, which won the bid to acquire Celsius, has proposed appointing Steve Kokinos, the former CEO of Algorand, to take over Celsius 2.0, referred to as “NewCo.”

Bankrupt crypto lender Celsius has proposed the appointment of Algorand's blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings. Kokinos, who left Algorand in 2022, is the co-owner of Fahrenheit Holdings and Arrington Capital.

ALGO traders may need to stay vigilant in the market considering Algorand's latest collaboration. Although, as of 24 August ALGO traders seemed on the fence about their investments.

Algorand native token, ALGO, has experienced a dramatic plunge in the wake of the recent crash in the cryptocurrency market. On August 19, the token's value plummeted by a staggering 18%, hitting a low of $0.082.