Algorand, the pure proof-of-stake protocol continues to keep gains from seven days prior. The blockchain’s native token ALGO has retained over 21% of profits, joining top performers like Doge and BNB. In the past several weeks, the price of Algorand has been making a positive recovery. This coincides with a general resurgence in the value of cryptocurrencies. Algorand’s price increased by 2.65% in the last day, reaching $0.411. This is consistent with its recent upward trend of over 21%, which began a week ago. At that time, it was trading at $0.411 and has carried it all the way up to its present price. Despite its impressive gains, Algorand is still far from its all-time high of $3.28. Related Reading: Bitcoin Breaks $21k As Market Shows Signs Of Accumulation World Cup Causes ALGO To Surge The price of Algorand has a major driver that might send it soaring in November. Some time ago, Algorand signed a massive contract with FIFA. The agreement made Algorand the official blockchain partner for the international soccer governing body. This led to the development of FIFA’s NFT marketplace, FIFA+Collect. The marketplace allows fans to buy, sell, and trade NFT collections commemorating iconic moments in the history of soccer. In addition, Algorand will be a major sponsor during this month’s World Cup. This will result in the introduction of Algorand to billions of individuals worldwide. Given that the World Cup i...
$285 Million in Bitcoin Shorts Wiped Out
