Algorand Price Moves Against The Tide, ALGO Rises 22% In One Week

Algorand Price Moves Against The Tide, ALGO Rises 22% In One Week


While large cryptocurrencies, such as Bitcoin and Ethereum, trade in the red, the Algorand price continues to see profits. Over the last day, this cryptocurrency has been one of the best-performing assets in the sector.

At the time of writing, Algorand price trades at $0.36 with a 14% profit and a 21$ profit in the last 24 hours and 7 days, respectively. The cryptocurrency’s performance over this period has only been surpassed by XRP with a 28% profit and Chiliz (CHZ) with a 29% profit.

ALGO’s price on a rally in the 4-hour chart. Source: ALGOUSDT Tradingview Algorand Price Reacts To Ecosystem Developments

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Data from DeFi Llama indicates that the Algorand price short timeframe rally is supported by a spike in network activity and

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