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Algorand (ALGO), among the major cryptocurrencies in the market, experienced a surge of optimism today, mirroring the overall positive sentiment in the crypto space. This wave of optimism was triggered by Ripple's remarkable victory against the US Securities and Exchange Commission.
In an unexpected turn of events, Charles Hoskinson, the founder of Cardano, has reached out to Algorand, a competing blockchain system, proposing a collaborative approach for enhanced blockchain integration. Responding to a tweet from John Woods, the chief technical officer of the Algorand Foundation, Hoskinson publicly appealed for participation and suggested that Algorand explore the possibility of becoming a sidechain of Cardano.
ALGO stood in a fairly decent position as of 13 July as indicators showed that some accumulation had taken place. Additionally, ALGO's metrics were also in support of a bullish narrative for the altcoin.
AlgoFi, a blockchain-based crypto lending platform built on Algorand, announced its upcoming closure due to the platform's unfeasibility.
In a surprising move, Charles Hoskinson, the founder of Cardano, has proposed Algorand as a potential sidechain. This announcement has sparked a whirlwind of reactions from supporters and critics of both blockchain projects.
In a surprising move within the blockchain industry, Charles Hoskinson, the founder of Cardano, has extended a proposition to Algorand, a competing blockchain protocol. Hoskinson has suggested that Algorand transfer its codes onto the Cardano platform, presenting the potential benefits of becoming a sidechain.
Cardano founder, Charles Hoskinson has made a proposition to the competing blockchain protocol, Algorand (ALGO) requesting the layer-1 network to transfer its codes onto the Cardano platform. Cardano Founder Gloats Over Staking Proficiency The Cardano founder made the open call by responding to a tweet from John Woods, the Chief Technical Officer of the Algorand
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.
