The likely scenario for the Pudgy Penguin memecoin was a bounce to to collect liquidity before continuing its downtrend.

The crypto market's recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.

PENGU price has plunged nearly 26% in the last 24 hours, reaching its lowest levels ever. Once the biggest meme coin on Solana, it has now been overtaken by TRUMP, BONK, and DOGWIFHAT.

More than 75% of ALGO's active addresses are at the money, denoting $0.38 as a key support or resistance level depending on where the price is.

Igloo Inc. just launched its consumer-focused Ethereum layer-2 chain Abstract, but Pudgy Penguins assets are falling amid benefit gripes.

The crypto market managed to recover Monday's sharp losses, but the volatility left a lasting impact on several altcoins. Despite the broader market rebound, some tokens failed to recover fully, with the drawdown leaving them vulnerable.

Igloo Inc., the company behind Pudgy Penguins, has officially launched Abstract Chain. Abstract is an Ethereum (ETH) layer-2 blockchain built to simplify access to Web3 applications.

In an astounding development, Abstract Chain, an Ethereum Layer-2 network launched by Pudgy Penguins' parent company, Igloo Inc., has gone live on the mainnet. Reportedly, the Ethereum-based Layer 2 blockchain is designed to empower crypto communities and facilitate user-centric Web3 applications.

How the larger Igloo ecosystem benefited PENGU's price in the last 24 hours.

Bitcoin (BTC) witnessed a sudden slump late on Sunday as the price plummeted from around $105,000 to an intraday low of $100,905. The flagship cryptocurrency is struggling to recover and is trading around $101,400, having dropped over 3% over the past 24 hours.

JasmyCoin (JASMY) has recently caught the attention of traders with its formation of a falling wedge pattern on the daily chart. This technical structure is often seen as a signal of a potential bullish reversal, drawing interest from those looking for breakout opportunities.

JASMY's latest price charts indicated an interesting pattern might play out soon.

A tale of two traders - How PENGU's retail and whale investors are shaping the token's destiny.

Algorand has unveiled the most inclusive staking reward program, offering payment to validators in real time.

Algorand, a prominent blockchain platform, has reached a significant milestone by expanding its validator node network to 3,702. This represents a remarkable 74% growth since mid-December 2024, positioning Algorand as the second-largest Layer 1 blockchain in terms of validator nodes.

JasmyCoin (JASMY) price jumped in intraday trading on Friday as the Asian session saw an upside flip for most tokens. With multiple catalysts helping prices higher, the JASMY token rose more than 15% to join Lido DAO (LDO) and Ondo Finance (ONDO) as the top three biggest gainers in 24 hours.

Algorand (ALGO) announced that the staking rewards program went live on the blockchain post a major consensus upgrade this week and the ALGO token soared by almost 5% in 24 hours.

PENGU token breaks above $0.028 resistance level with $430.56 million in trading volume, showing technical strength despite recent weekly volatility.

PENGU's breakout above $0.028 sparks optimism as Funding Rates and trading volume surge.

Algorand, a proof-of-stake blockchain network, has introduced a new staking rewards program to incentivize validators. This development follows the network's recent upgrade to its consensus mechanism, adding new capabilities for participants.

Algorand (ALGO), the Layer 1 blockchain that has gained attention for its scalability and efficient consensus mechanism, has seen impressive growth in its Total Value Locked (TVL) over recent months. The TVL more than doubled from $70 million in October 2024 to $164 million, signaling an uptick in decentralized finance (DeFi) activity on the network.

Proof-of-stake blockchain network Algorand has announced that staking rewards are now live, offering real-time block reward payouts to validators.

Algorand's price moved sideways this week, mirroring the performance of most altcoins following Donald Trump's inauguration. Algorand (ALGO), a top layer-2 network, was trading at $0.4165, about 16% below its highest level last week.

The revolution of sustainable energy in Italy

The crypto market has registered a substantial decline, with nearly all cryptocurrencies trading in the red. Bitcoin (BTC) is down almost 4% over the past 24 hours and has dipped below $105,000 to trade around $102,550.

After bottoming out earlier in the week, PENGU continued its recovery on Jan. 23 with a sharp rally, fueled by community anticipation of the Abstract mainnet launch and related speculation. The Pudgy Penguins (PENGU) token rose 8.

Pudgy Penguins (PENGU) has become the market's top gainer, rising 6% in the past 24 hours. At the time of writing, the meme coin is trading at $0.025.

JasmyCoin price has entered a bear market, falling over 53% from its December 2024 highs. JasmyCoin (JASMY), often referred to as Japan's Bitcoin (BTC), has dropped to its lowest level since November 2024.

Whale-driven activity sparks questions as PENGU rebounds, setting sights on key resistance levels.

Data from Coinalyze underlined the downtrend of both the Open Interest and the spot CVD over the past 24 hours.

Italian green energy company Enel Group has entered the tokenization market to launch fractional ownership of solar panels on the Algorand blockchain. The tokenised product was developed as a part of a collaboration between Enel Group and cryptocurrency wallet provider Conio, a January 21 post from the Algorand Foundation said.

This new initiative gives Italians the opportunity to own a portion of solar farms. They can use this ownership to offset their energy bills.

Enel and wallet provider Conio's tokenization initiative lets Italians offset energy bills via partial ownership of solar farms on Algorand.

CoinGecko has launched a new category of cryptocurrencies dubbed “Made in USA” ahead of the US Inauguration Day. The announcement, made on January 20 via a post on X, is seemingly its latest initiative to spotlight US-affiliated crypto projects as Donald Trump begins his second term as US President.

Bitcoin (BTC) surged to a new all-time high earlier today, surpassing $105,000 to reach $109,350 as the US readies for Donald Trump's inauguration. BTC has risen nearly 4% over the past 24 hours as optimism in the markets builds ahead of the inauguration.

Algorand price rose more than 20% as the overall crypto-bullish sentiment seeped into the layer-1 blockchain's ecosystem. The ALGO token traded to highs of $0.47, the highest price level since Dec.10, 2024, when bears pushed bulls over the edge. After trading to lows of $0.32 in early January, Algorand price retested the crucial $0.

Here is how some of your favorite assets concluded the week.

The price of JasmyCoin (JASMY) has faced significant challenges in recent weeks, struggling to regain its momentum following a decline in mid-January. After dropping to a new lower low on January 15, the altcoin's market structure remains bearish, prompting some traders to question whether a potential recovery is on the horizon.

NFT market momentum was evident this week alongside broader crypto gains, as Bitcoin surpassed $103,000. Bitcoin (BTC) NFTs, meanwhile, fell 10.9% to $27.5 million, though buyer participation soared 174.98% to 23,827.

Trading volume had been muted since the second half of December, but the rally from $0.03 last week saw a slight hike.

A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern.

Algorand (ALGO) price has surged 20% in the last 24 hours, bringing its market cap back to $4 billion. Over the past seven days, ALGO has gained 38%.

Algorand (ALGO), a blockchain network known for its scalability and decentralization, has been steadily gaining attention in the cryptocurrency space. Despite its impressive surge of over 250% in Q4 2024, ALGO remains significantly below its all-time high (ATH) of $3.28, which it reached in June 2019.

Bitcoin (BTC) briefly reclaimed $100,000 after registering a jump of almost 3%, making a strong recovery after plunging below $90,000 a day prior. The increase can be attributed to fresh inflation data and regulatory developments considered bullish for the flagship cryptocurrency.

The price of Algorand jumped more than 20% in 24 hours, retesting the key resistance level of $0.44 on Jan. 15.

ALGO crypto gains more than 14% in 24 hours but can this momentum spark a break out?

Algorand (ALGO), a layer-1 blockchain protocol, has experienced an uptick in price within the last 24 hours. ALGO is outperforming the crypto market by about 9%.

The PENGU meme coin, currently in a tight race with Bonk (BONK), has crossed a $2 billion market cap, but its ADX and RSI indicators show mixed signals.