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Algorand (ALGO) price has initiated a short-term breakout. It has nearly reached a crucial resistance level at $0.35-$0.36.

Algorand's native crypto ALGO might be about to abandon its lower range thanks to the upcoming FIFA world cup. FIFA.com announced the launch of FIFAPlusCollect, a new platform for collectibles.

With the majority of assets in the cryptocurrency sector continuing to trade in a sideways pattern, some are recording successes in other areas, including Algorand (ALGO), which has increased its staked value by 40% in the past two months.

Algorand is one of the cryptocurrencies, which has seen its network grow despite the ongoing crypto winter. It has even collaborated within new avenues.

 The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject In response to the lengthy transaction times of Bitcoin and other blockchains, Algorand was developed to expedite transactions and increase efficiency.

John Woods, the CTO of Algorand Foundation, has responded to criticism from Justin Bons of Cyber Capital that Algorand is “centralized and permissioned.” Woods accepted some “critical views” but argued that the chain is still decentralized or permissionless.

Charles Hoskinson, the co-founder of IOHK (Input Output Hong Kong), tweeted that Algorand was now on Cardano in a rather dramatic manner. Hoskinson responded to a tweet announcing that Milkomeda, a layer 2 protocol, was now live on Algorand.

Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand. The post L2 solution makes Cardano, Algorand network interoperable appeared first on CryptoSlate.

Milkomeda has taken the initiative to boost blockchain's efficiency by launching the A1 Roll-up on the Algorand ecosystem.

Cardano founder excited as Algorand and Cardano are now interoperable

Amid market-wide consolidation and stagnation in the cryptocurrency sector, some assets have stood out in their on-chain activity, including the pure proof-of-stake (PoS) network Algorand (ALGO), which has been adding active addresses at a time when most cryptos have been idle or even declining.

Is anybody making money out there? Bear markets aren't anything new to us in the crypto market.

The Italian startup Metabrand.tech has launched a new service

Algorand [ALGO] reached a new All-Time High (ATH) as its DeFi Total Value Locked (TVL) hit $273.87 million. According to DeFi Llama, the overall DeFi TVL recovered on 17 October but may not contribute as much as ALGO to the $54 billion recovery.

Algorand price created a bullish candlestick on Oct. 13, but this was not sufficient in initiating a bullish reversal, meaning a breakdown from the current pattern is still expected. The post Algorand (ALGO) Price Risks 25% Drop Following Bearish Breakout appeared first on BeInCrypto.

DeFi TVL hit the $54 billion mark again, while Algorand hit a new all-time high

Hivemind Capital deployed 80 million ALGO tokens into various DeFi and governance programs across Algorand ecosystem.

Algorand recently received a big boost for its blockchain ecosystem courtesy of Hivemind Capital's $25 million investment to the decentralized finance (DeFi) Layer 1 chain. Algorand DeFi ecosystem recently attained new all-time high in total locked value ALGO registered a 3.23% price surge before experiencing minor price correction once again The altcoin is predicted to be extremely volatile over the next few days The crypto-focused investment firm announced three days ago that it has deployed 80 million ALGO tokens across various governance and DeFi programs under the umbrella of the Algorand ecosystem.

Algorand's [ALGO] social engagement hit 12.78 million on the hourly clock as LunarCrush reported that the ALGO was gaining massive attention than the usual. This out-of-the-ordinary increase seemed proof for ALGO enticing a big part of the crypto community.

Technology updates on blockchain networks show commitment to making ecosystems more efficient for users. On the other hand, not all updates are good - some bring controversy and questions, like Algorand (ALGO) and Litecoin (LTC)'s latest moves.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject In response to the lengthy transaction times of Bitcoin and other blockchains, Algorand was developed to expedite transactions and increase efficiency.

Algorand [ALGO] may be in the midst of celebrating a moment. This is because Algorand witnessed significant growth in the DeFi space over the past week.

The global cryptocurrency market unexpectedly sparked into life on Thursday despite negative inflation data following the US Consumer Price Index (CPI) being released.

The total valued locking in DeFi protocols on Algorand has hit a new all-time high of $270 million.