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The Fear and Greed Index is 29 Fear and is +3 from yesterday's reading of 26 Fear

Algorand [ALGO] found brief support at $0.1809 after a sustained downtrend since early November. At press time, ALGO was trading at $0.1924 and could move higher if the bulls maintained their momentum.

The layer 1 technology was chosen to be the blockchain to underpin an Italian digital assurance platform, which led to a 3% increase in value for Blockchain Protocol Algorand (ALGO) on Tuesday (13 December).

Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, recorded losses, but traded above the key $17,000 level on Friday. The Federal Reserve, on Wednesday, raised its target fed funds rate by 0.5% to a new range of between 4.25% and 4.5%, in light with expectations from Wall Street.

Italy will use public Blockchain to support new surety platform

Very curious comparison between SHIB and ALGO, seemingly inexplicable

Algorand has been selected as the blockchain to support an innovative digital guarantee platform for Italy's banking and insurance markets. Cryptocurrencies are now gaining more popularity and adoption.

Blockchain layer-1 platform The Italian banking and insurance industries will adopt an “innovative digital guarantees platform,” which will be supported by the public blockchain Algorand.

The Layer-1 blockchain technology protocol Algorand has been chosen as the public blockchain to support bank and guarantees insurance in Italy.  First Blockchain As Digital Guarantee In EU The Algorand-supported digital guarantees platform will be used in Italy's banking and insurance markets and will be launched in early 2023.

This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.

The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be the first time a European Union nation uses blockchain technology for bank and insurance guarantees, Algorand said in a news release Tuesday (Dec. 13).

Low cost and double fees for loss protection

The cryptocurrency has been going north despite only making slight gains.

India's MAPay has launched an NFT-based health data storage system on Algorand.

The Algorand price was on an upward trajectory in early November before reports of the FTT token struggle and the eventual collapse of the FTX

Cryptocurrencies are experiencing unprecedented volatility as of late, with Ethereum (ETH) and Algorand (ALGO) both seeing notable price fluctuations. With so much invested in these digital assets, it's crucial to have a solid understanding of the current volatility, and what tokens like Orbeon Protocol (ORBN) have to offer, and what might make it a better investment option, such as ORBN's forecasted 6000% growth.

The ever evolving cryptospace is home to a myriad of digital assets and protocols. One such emerging protocol is Algorand, which has managed to establish is reign in the industry. The network is built on the Pure Proof of Stake consensus mechanism. ALGO is a native token of the platform.

The Algorand price has been positive over the last 24 hours. Despite minor gains, the altcoin has been moving north.

The coin has been trapped in a very small

The Algorand price saw an almost 50% pullback in November, closing the month near $0.244. The battered price action may need some push from ALGO investors.

Algorand price continues to pack negative price action throughout the month of November. The altcoin has depreciated by more than 40% since the beginning of this month.

The Algorand blockchain network recently announced to its over 300, 000 subscribers on Twitter that its nodes are back on Binance. Hence, users can start withdrawing and depositing in USDC via the nodes as of tomorrow, 30th November 2022.

For example, order slicing techniques (dividing a large quantity order into multiple orders, known as “child orders”) have evolved from very simplistic approaches (time based or a number of divisions) to more complicated approaches, which dynamically adapt to market conditions.

ALGO recently dropped by almost 50% from its current monthly high Algorand's metrics are demonstrating mixed results despite the support retest. Algorand concluded November with the launch of Decipher 22, its second annual meeting.