Algorand price has been rising in the last two days: here’s why

Algorand price has been rising in the last two days: here’s why
фото показано с : invezz.com

2023-4-1 15:49

Algorand price has been on a sustained bullish trend over the past two days and was trading at $0.2254 at press time.

The token has shown quite a strong bullish stance and although it could partly be buoyed by the general bullish crypto market, there are other factors at play behind the scenes.  The Algorand trading volume has also surged by 194.80% in the last 24 hours.

Why Algorand price is surging

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications and has seen a number of activities in the recent past with the most recent being the launch of AlgoBharat in India to help India’s growing economy as it transitions from Web2 to Web3.

AlgoBharat aims at focusing on three pillars, the first being broadening the Web3 developer base in India. The second pillar is offering support and investing in the Web3 startup ecosystem by offering mentorship, developer support, and access to capital. The third is entering into strategic partnerships with more established organizations.

Besides launching AlgoBharat in India, the Algorand Foundation has also released a developer tool suite called AlgoKit.

Algorand also recently disclosed partnerships with the state of Maharashtra with the Self Employed Women’s Association (SEWA) to support women-led businesses developing blockchain solutions and with Jawaharlal Nehru Technological University and the Indian School of Business to launch faculty development programs.

The blockchain has also collaborated with T-Hub, a top innovation centre in India with more than 600 corporate partners including Intel, AWS, Microsoft, Boeing, and Meta.

The post Algorand price has been rising in the last two days: here’s why appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

bullish days algorand two price buoyed partly

Источник: invezz.com

bullish days → Результатов: 126


Фото:

Litecoin price rising despite the market-wide dip: here’s why

Litecoin price (LTC/USD) has been on a bullish trend since March 11 despite slight pullbacks along the way. But it is its price surge over the past two days that has caught the attention of crypto traders and investors seeing that it comes as the rest of the crypto market takes a break from its […] The post Litecoin price rising despite the market-wide dip: here’s why appeared first on Invezz.

2023-3-23 12:45


Cardano Price Analysis & Prediction (Mar 15th) – ADA Finds Support on This Crucial Trendline, But Can it Produce a Solid Rebound?

Cardano appears to have found support on a crucial trendline after past weeks of drops. It must reiterate the latest positive actions for the next few days to signal a bullish reversal. After a three-week decline, Cardano finally retested the eight-month descending trendline that got flipped in January. It found support above it and bounced […]

2023-3-16 09:40


Tether: How Its $2 Billion USDT Minting Impacts Ethereum’s Success In The Bull Market

Despite recent negative developments in the crypto market, the sentiment seemed to be somehow bullish as Tether, its stablecoin and some major cryptos show resilience in the past couple of days. The collapse of major banks has significantly impacted the stablecoin market, with Circle’s USDC suffering a depeg causing smart money to flee USDC in favor of other stablecoins.

2023-3-16 22:28


Bitcoin Miners Appear Not To Sell Or Care About Price, Is This Bullish?

Data from CryptoQuant suggests that Bitcoin miners might, after all, not care about price and all the fear, uncertainty, and doubt (FUD) in recent days. Bitcoin Miners Are Not Selling According to CryptoQuant’s Miners’ Position Index (MPI), a ratio between the total miner BTC outflows and the 365-day moving average of the same reading, Bitcoin miners have not been sending their coins to external addresses, typically exchanges.

2023-3-9 21:27


Ethereum Price Analysis & Prediction (Jan 31st) – ETH Showing Signs of Weakness Amid Bullish, Is Correction Underway?

Ethereum broke out of a channel and remained indecisive for days following a steady increase to a monthly high. The trend still looks bullish but seems a correction is underway. Since the price touched $1,680 last week, Ethereum is yet to make a major move above that level as the price slowly drops. In mid-week, the […]

2023-2-1 09:45


Avalanche Coin Price Analysis & Prediction (Jan 30th) – AVAX Continues to Face Critical Resistance After 11% Weekly Gains, Will it Break?

Avalanche builds up for a fresh explosion as it continues to gather volatility over the past few days. While facing a crucial resistance, the bullish rally remains intact as the rally pauses. So far, Avalanche has increased by over 60% since the beginning of the year, and it is likely to start a fresh increase […]

2023-2-1 10:37


Фото:

Bitcoin Bullish Signal: Large Whales Accumulated 37,100 BTC In Last 10 Days

On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong. Large Bitcoin Whales Have Added 37,100 BTC To Their Holdings In Recent Days As per data from the on-chain analytics firm Santiment, multiple Bitcoin holder groups have displayed some strong accumulation recently. The relevant indicator […]

2023-1-16 18:00


Zilliqa Price Analysis & Prediction (Jan 12th) – ZIL May Fall Back if This Trend Line Continues To Halt Bullish Actions

Zilliqa painted a lot of greens over the past few days following a huge recovery from $0.0155. Yesterday, it tested a key resistance and paused the rally after a significant increase. Even though Zilliqa has registered over 60% gains since the beginning of this month, it is not enough to be considered a bull run. […]

2023-1-13 09:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…

ABT token surges 26% to hit new all-time high

ArcBlock’s native token, ABT, has seen a significant surge in its market value, with a 26% rise over the last 24 hours, pushing the token to a new all-time high of $3.92. The latest surge in trading volume, which reached $31.8…

Q1 CoinShares most successful quarter in history with revenue up 216%

European crypto asset manager CoinShares has revealed that its revenue in Q1 increased by 216% since last year, with total comprehensive income increased by elevenfold. CoinShares, a European digital asset manager and crypto research firm, saw its “strongest quarter ever”…

Chinese authorities arrest six suspects in $300m crypto fraud case

Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into…

Celsius (CEL) rallies 360% following massive token burn

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…