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The Layer 1 blockchain defied the broader crypto market Thursday after announcing the appointment of Michele Quintaglie as its Chief Marketing Officer. 

The very bullish market trend o ALGO/USD has broken through the upper trend line and heading towards the $0.3600 resistance level.

The latest Algorand price analysis confirms that a bullish trend has been dominating the charts for the past few days. A rise in price has been observed in the last 24 hours as well, which is quite encouraging for the buyers.

The cryptocurrency market is falling due to bearish macroeconomic conditions. Bitcoin has fallen below the $19K mark and is currently trading at $18.7K.

These three top tokens are cryptos to buy for long-term investors looking to gain exposure to beaten-down assets in this market.

Algorand (ALGO) has appointed Michele Quintaglie, a former executive at Fidelity Asset Management and Visa Inc. (NYSE: V) as its Chief Marketing Officer, according to a press release obtained by Invezz. In its latest news announcement, Algorand said Quintaglie's appointment is effective immediately.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

While its final version is still very much unclear, the draft stablecoin bill in the United States House of Representatives would reportedly place a two-year ban on algorithmic stablecoins for two years, while allowing banks and nonbanks to issue stablecoins.

Algorand price pulled back to the lowest level since September 20th as investors waited for the upcoming FOMC decision.

Just after buyers recorded a big win in the past trading session.

Crypto and stock markets continue to correct, but that doesn't mean all the investment opportunities are gone.

ALGO/USD has been forming slightly higher lows since the market found the $0.2826 support level on the 27th of August.

The cryptocurrency market has experienced modest gains over the past day after trading significantly below average to begin the week. Despite investors' cautious optimism about coin prices, it appears that there are still opportunities to profit.

 ALGO/USD has formed support at the $0.2938 price level. The price pumps strongly in the early hours of today's trading session.

The ALGO/USDT pair supported by $0.28 monthly support shows a range-bound rally over the past three months. The altcoin failed thrice to surpass the $0.37 resistance, which acts as a bullish limiter for potential recovery.

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 Algorand, which became live in 2019, operates exclusively on the proof-of-stake protocol.

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 goal is to promote the most beneficial financial applications for society through the new Algorand Fintech Lab, a collaboration between the university and Algorand foundation and directed by Claudio Tebaldi.

Customers can leverage the power of Algorand in Exodus' Web3 WalletOMAHA, Neb., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Exodus Movement, Inc.

The Merge is a reality now, and everyone is asking the same 2 questions. Will ETH pump or dump?

The founder and CTO of Algorand both have indirectly made strong remarks about Solana in order to compete for Helium Network's anticipated migration. Now, you might ask if this recent development coupled with Algorand's massive social media interest helped Algorand's price.

Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. The post Algorand throws hat in ring as Helium community begins vote on Solana migration appeared first on CryptoSlate.

The Algorand Foundation has disclosed that it has invested $35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut. The cryptocurrency lending firm had paused its withdrawals earlier last month.Algorand is a blockchain infrastructure which has embedded smart contract functionality.

Algorand Foundation is the latest to board the crypto contagion list.