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CryptoNewsZ
2022-07-26 13:18:09

Algorand Lacks Buying Support; Will ALGO Come Out of the Trap?

Algorand Lacks Buying Support; Will ALGO Come Out of the Trap?

Algorand blockchain still commands a decent market capitalization of $2,127,730,260, with just 69% of ALGO tokens in circulation. Despite its services surrounding smart contracts and decentralized applications using an iterated version of permissionless Proof of Stake to increase the transaction speed and cost compared to Bitcoin. Algorand Foundation announced a $10 million fund to create …

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