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Algorand Price Prediction: ALGO price appears to be heading for another retest of the $0.10 level. This will be a key retest to watch.

The Algorand (ALGO) price failed to break out from a long-term resistance line and fell to a new all-time low in June.

Algofi, Algorand-based decentralized finance (DeFi) protocol, has announced the discontinuation of its operations.

Algorand's largest decentralized finance (defi) protocol Algofi will shut down as the platform says it is unable to maintain the highest standards following a “confluence of events.

In a surprising turn of events, Algofi, the largest decentralized finance (DeFi) protocol on the Algorand blockchain, has announced its decision to shut down in the coming months. The protocol, launched in December 2021, has been a popular hub for users seeking to earn interest, borrow, and swap various crypto assets on the Algorand network.

Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand.

Algofi will remain active only on Discord and will shut down all the other social media channels.

Algorand-based decentralized finance (DeFi) protocol, Algofi has announced the closure of its platform. The project contributed more than 50% to Algorand's total value locked (TVL)

Algorand's DeFi protocol, AlgoFi, has announced that it will soon begin to shut down the platform and leave it only in withdrawal mode. The motivation is a “confluence of events,” including the collapse of the crypto ALGO.

Algofi is going to shut down its operations as it cannot maintain the highest standards on the protocol.

The leading decentralized finance (DeFi) platform in Algorand, Algofi, will suspend its services as the Algorand blockchain suffers deteriorate activity. Their latest blog post indicated that the protocol will launch withdrawal-only mode soon. Moreover, it indicated that Algofi has encounter challenges in ensuring high standars. “..

Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down and plans to halt lending, borrowing and trading imminently.

Algorand's (ALGO) largest decentralized finance protocol, Algofi, will wind down because current events have made its continued operations non-viable, according to a July 10 statement. “A confluence of events has taken place that no longer makes building and maintaining the Algofi platform to the highest standards a viable path for our company.

Algorand price prediction: Considering the ongoing momentum ALGO crypto appears to be heading for a retest of the $0.16 level.

Here are three cryptos that my be more sells than buys at this current point in the digital asset investing cycle right now.

ALGO enters a narrow price consolidation amidst BTC fluctuations above $30k. What's next after the consolidation - a rally or plunge?

Algorand (ALGO), a veteran blockchain project, announces the activation of a crucial network software upgrade. It allows the blockchain to process transactions faster and equips Algorand-focused developers with a number of brand-new instruments.

Algorand had some good news to share with its community as it announced its latest partnership. However, ALGO traders looking for a bullish price action may have to delay their expectations.

DWF Labs is a leading Web3 investor and its pasrtnership with Algorand will help inject liquidity in its ecosystem and enhance growth

Algorand (ALGO) and web3 investment firm DWF Labs have teamed up in a $50 million deal, per Chainwire. The partnership aims to help support and grow the blockchain through liquidity provision and project development funding, particularly those related to DeFi, art and music, gaming, oracles and bridges, and infrastructure.

DWF Labs and Algorand Foundation have partnered to support the development of the Algorand blockchain ecosystem with a $50 million token purchase agreement.

Algorand, the “pure” proof-of-stake Layer-1 blockchain network, continues to deliver the advanced technology required to power real world applications with its latest protocol upgrade that unleashes faster block times, as well as other improvements.

Algorand (ALGO), the innovative blockchain platform, has recently implemented a groundbreaking protocol change, resulting in a remarkable reduction in block confirmation time to a mere 3.3 seconds. This revolutionary development has significantly enhanced the network's speed, thus addressing the crucial challenge of scalability by increasing transactions processed per second (TPS).

Algorand (ALGO) has delivered a protocol upgrade to cut block confirmation times to approximately 3.3 seconds, boosting network performance that reduces block confirmation times to approximately 3.3 seconds, significantly improving network performance. Block time refers to the time miners or validators take to verify a transaction and produce a new block.