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The SEC's tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10.

The recent enforcement actions taken by the U.S. Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges have had a significant impact on the market. Alongside the actions, the agency also identified several cryptocurrencies, including Algorand (ALGO) and Flow (FLOW), as unregistered securities, resulting in a sharp drop in their value.

Prices for a number of altcoins fell after they were namechecked by the Securities and Exchange Commission.

Algorand Price Prediction 2023-2032 If you are thinking of investing in a cryptocurrency, Algorand is one of the best choices you can make. However, it is not just enough to hold the ALGO cryptocurrency in high esteem.

Here's an overview of the happenings on the Algorand ecosystem, as the token has failed to produce any gain for its holders.

NFTpay, a trusted name in payment solutions, has announced its integration with the Algorand blockchain network. This partnership aims to streamline transactions for Non-Fungible Token (NFT) creators who are working on the Algorand platform.

While the month of April ended bullishly for the cryptocurrency market, the entirety of May was bearish, solidifying that the market is in a corrective state.

BeInCrypto looks at the five biggest altcoin losers in the entire crypto market this week, specifically from May 19 to 26.

Algorand Foundation CEO Staci Warden played down the significance of ALGO's underwhelming performance, saying, “We don't think about price.” In a recent interview with Real Vision Crypto, Warden brushed aside the relevance of price, instead highlighting the Foundation's success in attracting developers to the ecosystem and ensuring their success.

Borderless Capital has just launched a new 50 million USD cross-chain investment fund backed by Algorand, Polygon and Solana.

In an optimistic scenario, the price of Algorand may go as high as $0.612 by the end of 2024. However, there are hurdles ahead.

Algorand (ALGO) has recovered from the bearish trend seen at the end of February 2023. From February 21 till May 8, ALGO recorded a loss of 45.13%, dropping to a low of $1.592.

The Algorand (ALGO) ecosystem has continued to build its decentralized network to attract more DeFi developers amid the crypto winter period. With the ALGO ecosystem lagging in liquidity expansion compared to other top-layer ones' blockchains, the Algorand Foundation has committed more capital in the form of grants to attract DeFi developers.

On the back of a bad week for Algorand and ALGO, what can one expect on the price charts?

Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange's decision to continue offering Algorand (ALGO). The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in its charges against the Bittrex crypto exchange.

The crypto market is going through a particularly uncertain period, characterised by a now relatively long lateralisation: how are Litecoin, Algorand and Ethereum performing in this period?

As the world of cryptocurrencies evolves, so do the regulatory challenges. Coinbase, one of the largest cryptocurrency exchanges, has made a bold decision to continue trading Algorand (Algo) despite its classification as a security by the SEC. This move comes after Coinbase delisted XRP for similar reasons, raising eyebrows and sparking controversy.

Algorand, a Layer 1 blockchain focused on environmental sustainability and scalable transaction execution, has announced a strategic partnership with Onramp Money, a leading provider of fiat-crypto solutions, to simplify the user experience for Indian users in the Web3 world.

The creation of crypto and NFT on Algorand is possible thanks to the ‘Algorand Standard Assets' framework, which allows the network to compete with the numerous infrastructures on the market.

Algorand has seen some varied types of network expansion in recent times, how did it affect ALGO?

The Algorand Foundation has announced a new project, the Kare Survivor Wallet, in collaboration with the American Red Cross, aimed at enhancing the delivery of disaster aid assistance through a user-friendly and transparent platform. The Algorand blockchain will provide the necessary security and scalability for the project, which St Vincent de Paul is already using to distribute supplies more efficiently to families affected by disasters in Tennessee and Florida.

As investors pull money out of the broader crypto sector ahead of expected interest rate hikes, Solana, Algorand and Polygon are bucking the trend.

Since the beginning of 2023, the price performance of Uniswap (UNI) and Algorand (ALGO) draw more or less the same chart: a jagged mountain that has brought today's price back to more or less the initial one.

The SEC is closing in on ALGO< and there seems to be no way out for the token, Will investors stand by it?