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ALGO could face a tough battle as it struggles to break above key resistance levels on its chart.

The collaboration among these blockchain entities could significantly enhance digital asset recovery, promoting broader crypto adoption and security. The post Cardano's IOHK, Hedera join Ripple, Algorand Foundation as founding members of Decentralized Recovery Alliance appeared first on Crypto Briefing.

Binance periodically adds new tokens to its platform to improve users' trading experiences. This usually positively impacts the price of the listed cryptocurrencies.

Algorand (ALGO), a cryptocurrency once hailed for its innovative Proof-of-Stake (PoS) consensus mechanism, has seen significant price fluctuations over the years. As 2024 unfolds, investors and traders are keen to know whether ALGO can recover from its recent lows and possibly reach the $0.30 mark by year's end.

Charles Hoskinson hinted at a potential Cardano-Minotaur and Algorand partnership. This collaboration could create “the greatest decentralized AI powerhouse” the industry has ever witnessed.

Story Highlights The live price of the ALGO coin is . The Algorand price could reach a maximum of $0.361 in 2024. This altcoin with a potential surge, may reach a high of $4.368 by 2030. The current price of Algorand is .

Cardano founder Charles Hoskinson recently sparked speculation and excitement in the ADA community when he teased the idea of an Algorand partner chain.

With thousands of cryptocurrencies available on the market, investors are still looking for affordable assets that have the potential to emulate Bitcoin's (BTC) growth.

In the latest development, Cardano CEO Charles Hoskinson shared his views on the power of the Algorand blockchain technology and the possibilities of partnering with them on decentralized artificial intelligence (AI) projects. Such a partnership can unlock new opportunities for both players in the rapidly evolving AI industry.

In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones. Rapid Network Growth One of the key metrics that stood out was the surge in Algorand's average daily transactions, which skyrocketed by 104% to reach 4.7 million.

SuperBots, a leading DeFi Algo Trading Platform, is proud to announce that its algorithmic trading vaults have successfully protected user funds during the recent severe market volatility, which saw Ethereum (ETH) holders lose 30% of their holdings' value.

Algorand (ALGO) price surged more than 11% on August 8 as the broader crypto market witnessed a spike in upside pressure. CoinGecko data shows ALGO currently trades around $0.12 on major crypto exchanges, about 7% up in the past 24 hours.

ALGO, the native token of the pure-proof-of-stake (PoS) blockchain Algorand (ALGO), has witnessed a decline in whale activity in the past few weeks. Large transactions involving the altcoin have dropped due to the steady drop in value over the past few months.

While crypto enthusiasts celebrate Bitcoin's move towards the $70K mark, Algorand (ALGO) investors count significant losses. Data shows that 92% of ALGO holders are counting losses at current prices. Only 5% are in money, with 3% at break-even. That comes after Algorand's bearish actions over the past few months. The altcoin has plunged 55.

Algorand (ALGO) has recently made headlines by breaking above a descending trendline, indicating a possible bullish shift in the cryptocurrency's price action. Following this breakout, the price surged nearly 10% over two days, and investors are now watching closely for further movements.

TL;DR 90% of Algorand (ALGO) holders are at a loss, with the altcoin's value dropping by 52% since March. 18.65 million addresses, representing 90.36% of holders, have registered unrealized losses, while only 9% have maintained positive investments. Whales have sold part of their holdings after a 19.

Algorand (ALGO) holders are facing a tough time. On-chain data show that 90% of them are currently underwater on their investments.

In a follow-up of Tether's decision to stop issuing USDT on Algorand, EOS, Omni, and Kusama, the stablecoin giant revealed a crucial update today, July 11. As a broader approach to facilitate a robust and innovative blockchain ecosystem for USDT and EURT, the firm spotlighted its next steps in discontinuing support for the mentioned stablecoins

The world increasingly turns its attention to the potential of Central Bank Digital Currencies (CBDCs), Sweden's Riksbank is leading the charge by testing two prominent blockchain platforms, Algorand and Hedera, for its e-Krona project. This move marks a significant step in the journey toward a digital economy, aiming to enhance transaction efficiency while minimizing environmental impact.

Algorand (ALGO) has carved out a niche with its robust platform designed for scalability, security, and speed. As we look ahead from 2024 to 2030, the question on investors' minds is whether ALGO can stage a comeback from recent lows and potentially reach new heights in the crypto market.

Blockchain builder Algorand has debuted a tool for decentralized authentication and communication called LiquidAuth. As the company said in a news release Wednesday (June 26), LiquidAuth is an open-source solution for “authenticated peer-to-peer communication between wallets and apps/dApps,” designed to end the “overreliance” on centralized wallet communication provider WalletConnect.

Stablecoin issuer Tether has said it will stop minting the U.S. dollar-pegged USDT token on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS.

This integration means that Algorand users can directly deposit and withdraw their USDCa on Coinbase. It eliminates the need for multiple applications and significantly reduces transaction friction.

The Algorand Foundation has introduced LiquidAuth, a new tool to decentralize wallet authentication and communication in crypto.