While Bitcoin calms after Trump-driven rallies above $93,000, Algorand (ALGO) witnesses a bullish revival. The altcoin remained elevated over the past few sessions, up 30% on its weekly chart. Meanwhile, ALGO's recovery prints a bullish engulfing candlestick, which completes a morning star setup.

With a market cap of $1.08 billion, ALGO price is currently ranking at 7th position in the crypto world. The ALGO token, trading at $0.1306, has increased by 7.15% in the past 24 hours. With a bullish recovery at play, will the bull run in Algorand tokens surge to $0.

Binance Exchange has announced plans to delist Algoran, DigiByte and GMX trading pairs.

Binance announces the removal of spot trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC to maintain market quality. Trading bot services will also be terminated.

Story Highlights The current price of Algorand is . The Algorand price could reach a maximum of $0.361 in 2024. This altcoin may reach a high of $4.368 by 2030.

The automated trading platform UnTrade has reached a major milestone: $1,000,000 in Assets Under Management (AUM) in just 60 days since launching their product to retail users. This achievement isn't just about numbers – it's a testament to the hard work, dedication, and vision of the team over the past three years.

UnTrade, the rapidly growing algorithmic crypto trading platform, is excited to join the Finbridge Trading & Investing Expo in Ahmedabad, India. The event took place on September 28-29, 2024, at the EKA Club in Kankaria.

ALGO's latest price movement has drawn traders' attention to whether the token can break through a key technical barrier.

Algorand (ALGO) has been the center of attention as crypto currency enthusiasts and investors speculate about its future. Trading at around $0.13, ALGO remains significantly undervalued compared to its all-time high of $3.28.

ALGO could face a tough battle as it struggles to break above key resistance levels on its chart.

The collaboration among these blockchain entities could significantly enhance digital asset recovery, promoting broader crypto adoption and security. The post Cardano's IOHK, Hedera join Ripple, Algorand Foundation as founding members of Decentralized Recovery Alliance appeared first on Crypto Briefing.

Algorand (ALGO), a cryptocurrency once hailed for its innovative Proof-of-Stake (PoS) consensus mechanism, has seen significant price fluctuations over the years. As 2024 unfolds, investors and traders are keen to know whether ALGO can recover from its recent lows and possibly reach the $0.30 mark by year's end.

Charles Hoskinson hinted at a potential Cardano-Minotaur and Algorand partnership. This collaboration could create “the greatest decentralized AI powerhouse” the industry has ever witnessed.

Story Highlights The live price of the ALGO coin is . The Algorand price could reach a maximum of $0.361 in 2024. This altcoin with a potential surge, may reach a high of $4.368 by 2030. The current price of Algorand is .

Cardano founder Charles Hoskinson recently sparked speculation and excitement in the ADA community when he teased the idea of an Algorand partner chain.

With thousands of cryptocurrencies available on the market, investors are still looking for affordable assets that have the potential to emulate Bitcoin's (BTC) growth.

In the latest development, Cardano CEO Charles Hoskinson shared his views on the power of the Algorand blockchain technology and the possibilities of partnering with them on decentralized artificial intelligence (AI) projects. Such a partnership can unlock new opportunities for both players in the rapidly evolving AI industry.

In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones. Rapid Network Growth One of the key metrics that stood out was the surge in Algorand's average daily transactions, which skyrocketed by 104% to reach 4.7 million.

SuperBots, a leading DeFi Algo Trading Platform, is proud to announce that its algorithmic trading vaults have successfully protected user funds during the recent severe market volatility, which saw Ethereum (ETH) holders lose 30% of their holdings' value.

Algorand (ALGO) price surged more than 11% on August 8 as the broader crypto market witnessed a spike in upside pressure. CoinGecko data shows ALGO currently trades around $0.12 on major crypto exchanges, about 7% up in the past 24 hours.

ALGO, the native token of the pure-proof-of-stake (PoS) blockchain Algorand (ALGO), has witnessed a decline in whale activity in the past few weeks. Large transactions involving the altcoin have dropped due to the steady drop in value over the past few months.

While crypto enthusiasts celebrate Bitcoin's move towards the $70K mark, Algorand (ALGO) investors count significant losses. Data shows that 92% of ALGO holders are counting losses at current prices. Only 5% are in money, with 3% at break-even. That comes after Algorand's bearish actions over the past few months. The altcoin has plunged 55.

Algorand (ALGO) hit a 30-day high of $0.15 on July 16. However, the altcoin's price has since consolidated, trading sideways within a narrow range.

Algorand (ALGO) has recently made headlines by breaking above a descending trendline, indicating a possible bullish shift in the cryptocurrency's price action. Following this breakout, the price surged nearly 10% over two days, and investors are now watching closely for further movements.

TL;DR 90% of Algorand (ALGO) holders are at a loss, with the altcoin's value dropping by 52% since March. 18.65 million addresses, representing 90.36% of holders, have registered unrealized losses, while only 9% have maintained positive investments. Whales have sold part of their holdings after a 19.

Algorand (ALGO) holders are facing a tough time. On-chain data show that 90% of them are currently underwater on their investments.

In a follow-up of Tether's decision to stop issuing USDT on Algorand, EOS, Omni, and Kusama, the stablecoin giant revealed a crucial update today, July 11. As a broader approach to facilitate a robust and innovative blockchain ecosystem for USDT and EURT, the firm spotlighted its next steps in discontinuing support for the mentioned stablecoins

The world increasingly turns its attention to the potential of Central Bank Digital Currencies (CBDCs), Sweden's Riksbank is leading the charge by testing two prominent blockchain platforms, Algorand and Hedera, for its e-Krona project. This move marks a significant step in the journey toward a digital economy, aiming to enhance transaction efficiency while minimizing environmental impact.

Algorand (ALGO) has carved out a niche with its robust platform designed for scalability, security, and speed. As we look ahead from 2024 to 2030, the question on investors' minds is whether ALGO can stage a comeback from recent lows and potentially reach new heights in the crypto market.

Blockchain builder Algorand has debuted a tool for decentralized authentication and communication called LiquidAuth. As the company said in a news release Wednesday (June 26), LiquidAuth is an open-source solution for “authenticated peer-to-peer communication between wallets and apps/dApps,” designed to end the “overreliance” on centralized wallet communication provider WalletConnect.

Stablecoin issuer Tether has said it will stop minting the U.S. dollar-pegged USDT token on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS.

This integration means that Algorand users can directly deposit and withdraw their USDCa on Coinbase. It eliminates the need for multiple applications and significantly reduces transaction friction.

The Algorand Foundation has introduced LiquidAuth, a new tool to decentralize wallet authentication and communication in crypto.

The company behind the largest USD-pegged stablecoin in terms of market cap has announced a shift in strategy towards community-driven blockchains.

Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24.

Tether is stopping USDT minting on Algorand and EOS due to low usage, while continuing redemptions for 12 months and focusing on more popular blockchains.

Tether, one of the main issuers of stablecoin in the world of cryptocurrencies, recently announced the end of minting USDT on the EOS and Algorand platforms. While the news has generated discussions among users and investors, the long-term implications could lead to a more focused and efficient cryptocurrency market.

Tether announced its decision to immediately discontinue support for the EOS and Algorand blockchain implementations of USDT on June 24.

The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain.

Tether disclosed that redemption of existing USDT tokens would end after the next 12 months.

Tether has announced plans to discontinue USDT support on Algorand and EOS blockchains. The stablecoin issuer disclosed that minting will stop immediately, but the stablecoin will remain redeemable on the network for the next 12 months.

Tether halts USDT minting on EOS and Algorand to prioritize support for community-driven blockchains.

Tether, the issuer of the world's largest stablecoin, has announced it will stop minting its dollar-linked USDT token on the Algorand and EOS blockchains. This decision is part of a strategic shift to focus on community-driven blockchain support, aiming to balance maintainability, usage, and community interest.

Algorand and EOS will get no more USDT as Tether quits minting on those chains, with redemption support only promised for the next year.

Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period.

The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.

Tether will stop minting USDT on EOS and Algorand starting June 24, 2024 and focus on community-driven blockchains.