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Algorand [ALGO] has captured attention in the blockchain community with a staggering 300% increase in its Total Value Locked (TVL) within just 30 days. This rapid growth has brought the blockchain's TVL to a peak of $244.74 million, a significant milestone for its ecosystem.
Algorand (ALGO) has recorded impressive price actions in the past few sessions as bulls pushed past crucial resistances. Further, the crypto project saw a significant surge in total value locked over the last month, underscoring renewed investor interest in Algorand blockchain.
Algorand's TVL has soared over 300% in 30 days, reaching $244 million before stabilizing at $184.5 million.
Algorand (ALGO) has been riding high in recent weeks, with a significant increase in active addresses on its network. Since December 1st, active addresses surged by an astonishing 300%, jumping from 123,570 to 427,230, signaling a rise in network activity.
Bitcoin (BTC) retreated sharply from its all-time high of $103,604, dipping to a low of $94,035 before recovering to climb back above $$97,000 and to its current level. The drop came a day after BTC crossed the historic $100,000 mark, with its market capitalization also shrinking to $1.95 trillion.
Algorand strikes like lightning in the crypto jungle. But a sudden dive reminds us that the skies do not forgive excess.
Algorand's active addresses spiked by 300% since 1st December. Over the past 24 hours, Algo has declined by 10.5% signaling market correction.
Over the last 30 days, Algorand's (ALGO) price has increased by 360% following a broader altcoin rally. As a result, daily active addresses on the Algorand network have surged to the highest point since November 7.
The Algorand network has registered a more than 300% surge in daily active addresses to about 313K in the past four days.
The altcoin industry has rebounded from the ashes of the 2022 crypto bear market and entered a new bull market phase, as Bitcoin (BTC) price continues to consolidate in a short-term bearish outlook.
The bulls have become pretty active but have shifted their focus on the primitive tokens, which have stood throughout the 2021 bull run and the 2022 bear market. One among them is Algorand, which has been displaying immense volatility regardless of the market trend.
Algorand (ALGO) has captured the attention of the cryptocurrency market with an extraordinary price surge. This altcoin's performance has outpaced many major assets, raising questions about its future trajectory.
Story Highlights The ALGO price soared ~320% in November and recorded a multi-year high. The technical indicators record increased bullish sentiment, hinting at a higher price target. A sustained bullish rally could push the price toward its upper price target of $0.60.
Bitcoin (BTC) held above $95,000 despite facing a slight pullback over the weekend, falling just over 1%. Spot Bitcoin ETFs have seen notable weekly outflows that have stalled momentum towards the $100,000 milestone.
Algorand (ALGO), currently priced at around $0.43, has made impressive gains, especially with a recent surge of over 250% in valuation. Despite this rise, it still remains significantly below its all-time high (ATH) of $3.28, which occurred in June 2019.
Top cryptocurrencies to watch this week include XRP, APE and ALGO; Bitcoin, meanwhile, rebounds to $97,000.
Algorand (ALGO) has captured the spotlight in the cryptocurrency market, trading at $0.44 after a dramatic one-day gain of 17% and an impressive 47% rise over the past week.
Algorand is on a fast-paced surge to $1 amid a boom in Open Interest and general market outlook.
Crypto prices traded higher on Friday for most assets as Bitcoin (BTC) targeted the $100,000 milestone again following last week's failed attempt. Algorand, Peanut the Squirrel and XRP are among top performers on the day. Market data shows the global cryptocurrency market cap rose to $3.
Algorand (ALGO) price has seen a jump in the last 24 hours, with the token swaying between an intra-day high of $0.408 and a low of $0.2952. This rally has prompted analysts to project a price surge above the $1 mark, largely driven by the ‘Golden Cross' observed on the ALGO price chart.
TL;DR Algorand (ALGO) reached a two-year high after a 37% increase in the last 24 hours, bringing its value to $0.3999, the highest level since November 2022. ALGO's TVL has grown by 26%, reaching $157.97 million, while open interest in futures has risen to its highest level since November 2022.
Algorand price experienced a strong bullish breakout on Nov. 29 as cryptocurrencies continued their uptrend. Algorand (ALGO), a top layer-1 network, surged to $0.40, marking its highest level since November 2022.
Smart contract platform Algorand (ALGO) is currently up 27% over the last 24 hours. Algorand continued its surge from yesterday, achieving highs of $0.38 in today's trading session.
Algorand's price has surged 19% over the past 24 hours, making it the market's top gainer. The double-digit price rally has pushed the altcoin's price to a two-year high of $0.34.
