Algorand
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Algorand (ALGO) Gains Momentum Ahead Of Key Breakout: Are More Gains Ahead?
Date: Tue, Dec 17, 2024, 10:40 AM GMT
The cryptocurrency market is witnessing bullish rallies across the board, with Bitcoin (BTC) reaching a historic milestone, hitting its new all-time high of $107,000 today. Riding the bullish wave, Algorand (ALGO) has emerged as one of the standout altcoins, delivering an impressive rally of 118% over the last 30 days.
As of writing, ALGO is up over 4% today, trading at $0.425 with a market cap of $3.5 billion. The growing momentum and a significant chart formation signal a potential key breakout in the coming sessions.
Source: Coinmarketcap
Key Breakout Ahead:
After reaching a peak of $0.6144 on December 6, $ALGO entered a correction phase and consolidated within a Symmetrical Triangle—a pattern often signaling an imminent breakout.
Currently, ALGO has rebounded strongly from its lower support levels and is trading close to the descending resistance line of the triangle. The price is also near a key horizontal resistance zone at $0.44.
What’s Next If ALGO Breaks Out?
If ALGO makes a breakout from this descending resistance line and crosses above $0.44, it could confirm the breakout. This move would likely push ALGO towards its near resistance levels of:
$0.48 & $0.53 as the immediate resistance,
A decisive move above these levels would pave the way for ALGO to retest its recent high of $0.61, representing an additional upside of 44% from its current price.
Are More Gains Ahead?
The broader altcoin market, including notable players like XRP and XLM, is showing strong bounce-backs with key breakouts today. Earlier in last month, these tokens have moved in tandem with ALGO during bullish rallies. If ALGO follows suit and successfully breaks out from its current resistance zone, further gains could be on the horizon.
The technical setup, combined with rising market momentum and improving investor sentiment, positions Algorand as one of the top altcoins to watch for potential explosive growth in the short term.
Conclusion
Algorand’s price movement signals that it is on the cusp of a major breakout. Investors and traders will be closely watching the $0.44 level as a confirmation point for further bullish moves. If successful, ALGO could revisit its recent highs and extend its rally, offering strong returns.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Algorand #NFA
The cryptocurrency market is witnessing bullish rallies across the board, with Bitcoin (BTC) reaching a historic milestone, hitting its new all-time high of $107,000 today. Riding the bullish wave, Algorand (ALGO) has emerged as one of the standout altcoins, delivering an impressive rally of 118% over the last 30 days.
As of writing, ALGO is up over 4% today, trading at $0.425 with a market cap of $3.5 billion. The growing momentum and a significant chart formation signal a potential key breakout in the coming sessions.
Source: Coinmarketcap
Key Breakout Ahead:
After reaching a peak of $0.6144 on December 6, $ALGO entered a correction phase and consolidated within a Symmetrical Triangle—a pattern often signaling an imminent breakout.
Currently, ALGO has rebounded strongly from its lower support levels and is trading close to the descending resistance line of the triangle. The price is also near a key horizontal resistance zone at $0.44.
What’s Next If ALGO Breaks Out?
If ALGO makes a breakout from this descending resistance line and crosses above $0.44, it could confirm the breakout. This move would likely push ALGO towards its near resistance levels of:
$0.48 & $0.53 as the immediate resistance,
A decisive move above these levels would pave the way for ALGO to retest its recent high of $0.61, representing an additional upside of 44% from its current price.
Are More Gains Ahead?
The broader altcoin market, including notable players like XRP and XLM, is showing strong bounce-backs with key breakouts today. Earlier in last month, these tokens have moved in tandem with ALGO during bullish rallies. If ALGO follows suit and successfully breaks out from its current resistance zone, further gains could be on the horizon.
The technical setup, combined with rising market momentum and improving investor sentiment, positions Algorand as one of the top altcoins to watch for potential explosive growth in the short term.
Conclusion
Algorand’s price movement signals that it is on the cusp of a major breakout. Investors and traders will be closely watching the $0.44 level as a confirmation point for further bullish moves. If successful, ALGO could revisit its recent highs and extend its rally, offering strong returns.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Algorand #NFA
🚨 ALGO/USDT Trade Signal: Price Analysis & Technical Breakdown 🔥📊
$ALGO
Current Price: $0.4081 (-3.04%)
Key Trading Levels 🎯
Buy Target 1: $0.4050
Buy Target 2: $0.4020
Sell Target 1: $0.4150
Sell Target 2: $0.4200
Take Profit Target: $0.4200
Stop Limit 🚨
Stop Loss: $0.4000
Support & Resistance Zones 📍
Resistance Levels: $0.4150, $0.4200
Support Levels: $0.4050, $0.4020
Technical Indicators 📈
Average Price: $0.4081
RSI: 39 (Bearish, but nearing oversold)
MACD: Bearish momentum, potential reversal if RSI hits oversold levels.
Market Sentiment 🔍
Volume Analysis: 24h Vol (ALGO): 103.38M, showing consistent trading volume.
Price Action: Currently in a bearish trend but nearing support levels, potential reversal near $0.4050.
Trade Strategy 📝
Bullish Scenario: Buy near $0.4050 and target $0.4150–$0.4200.
Bearish Scenario: If price breaks $0.4000, look for short opportunities with a cautious stop loss.
⚠️ Manage risk and stay informed! ✅
#ALGO.智能策略库🥇🥇 #Algorand #BinanceAirdropsCATandPENGU #BTCNewATHAgain #FullMarketBullRun
$ALGO
Current Price: $0.4081 (-3.04%)
Key Trading Levels 🎯
Buy Target 1: $0.4050
Buy Target 2: $0.4020
Sell Target 1: $0.4150
Sell Target 2: $0.4200
Take Profit Target: $0.4200
Stop Limit 🚨
Stop Loss: $0.4000
Support & Resistance Zones 📍
Resistance Levels: $0.4150, $0.4200
Support Levels: $0.4050, $0.4020
Technical Indicators 📈
Average Price: $0.4081
RSI: 39 (Bearish, but nearing oversold)
MACD: Bearish momentum, potential reversal if RSI hits oversold levels.
Market Sentiment 🔍
Volume Analysis: 24h Vol (ALGO): 103.38M, showing consistent trading volume.
Price Action: Currently in a bearish trend but nearing support levels, potential reversal near $0.4050.
Trade Strategy 📝
Bullish Scenario: Buy near $0.4050 and target $0.4150–$0.4200.
Bearish Scenario: If price breaks $0.4000, look for short opportunities with a cautious stop loss.
⚠️ Manage risk and stay informed! ✅
#ALGO.智能策略库🥇🥇 #Algorand #BinanceAirdropsCATandPENGU #BTCNewATHAgain #FullMarketBullRun
SAbukhari:
may be after two years.
🚨 Critical Moment for $ALGO /USDT: Brace for a Major Move! 🚨
Algorand ($ALGO ) is under significant pressure, trading at $0.4216 after a sharp -7.18% decline in the last session. The pair is approaching a pivotal decision point, with market dynamics hinting at either a breakout rally or a further downward slide.
🔑 Key Levels to Monitor:
Resistance at $0.4358: Breaking above this level could trigger a strong bullish move toward $0.4734, with the potential to extend gains to $0.5100, signaling renewed buying momentum.
Support at $0.4211: A drop below this critical support could pave the way for further losses, with targets at $0.4000 and a deeper decline to $0.3700.
Market Outlook:
Bearish Perspective: Failure to hold above $0.4211 could intensify selling pressure, potentially driving prices to $0.4000 and even $0.3700 in a continued downtrend.
Bullish Potential: A recovery above $0.4358 may reignite buyer interest, leading to a rally that targets $0.4734 and $0.5100 as investors regain confidence.
With $ALGO hovering near critical exponential moving averages (EMAs), heightened volatility is likely. Traders should manage positions carefully, as this juncture could define the next major move.
#Algorand #CryptoTrading #MarketWatch2024 #AlgoAlert
Algorand ($ALGO ) is under significant pressure, trading at $0.4216 after a sharp -7.18% decline in the last session. The pair is approaching a pivotal decision point, with market dynamics hinting at either a breakout rally or a further downward slide.
🔑 Key Levels to Monitor:
Resistance at $0.4358: Breaking above this level could trigger a strong bullish move toward $0.4734, with the potential to extend gains to $0.5100, signaling renewed buying momentum.
Support at $0.4211: A drop below this critical support could pave the way for further losses, with targets at $0.4000 and a deeper decline to $0.3700.
Market Outlook:
Bearish Perspective: Failure to hold above $0.4211 could intensify selling pressure, potentially driving prices to $0.4000 and even $0.3700 in a continued downtrend.
Bullish Potential: A recovery above $0.4358 may reignite buyer interest, leading to a rally that targets $0.4734 and $0.5100 as investors regain confidence.
With $ALGO hovering near critical exponential moving averages (EMAs), heightened volatility is likely. Traders should manage positions carefully, as this juncture could define the next major move.
#Algorand #CryptoTrading #MarketWatch2024 #AlgoAlert
🚨 $ALGO
/USDT ALERT: Decision Point Incoming – Act Fast! 🚨
The $ALGO /USDT pair is facing intense selling pressure, currently trading at $0.4216 with a sharp -7.18% drop in the last session. Market conditions suggest a potential breakout or breakdown from this level.
💡 Critical Levels to Watch:
Resistance 1: $0.4358 – A breakout here could push ALGO toward $0.4734 and $0.5100, signaling renewed bullish momentum.
Support 1: $0.4211 – If this support fails, expect a decline toward $0.4000 and possibly $0.3700.
📉 Bearish Scenario: A sustained move below $0.4211 could ignite further selling, targeting $0.4000, with potential for extended losses to $0.3700.
🚀 Bullish Scenario: Reclaiming $0.4358 could encourage a recovery rally, with targets at $0.4734 and $0.5100, fueled by renewed buyer interest.
⚠️ Note: ALGO’s proximity to key EMAs suggests heightened volatility. Manage risks tightly as the market nears this make-or-break zone.
#Algorand #CryptoAlerts #TradingSignals #Write2Earn #Share1BNBDaily
/USDT ALERT: Decision Point Incoming – Act Fast! 🚨
The $ALGO /USDT pair is facing intense selling pressure, currently trading at $0.4216 with a sharp -7.18% drop in the last session. Market conditions suggest a potential breakout or breakdown from this level.
💡 Critical Levels to Watch:
Resistance 1: $0.4358 – A breakout here could push ALGO toward $0.4734 and $0.5100, signaling renewed bullish momentum.
Support 1: $0.4211 – If this support fails, expect a decline toward $0.4000 and possibly $0.3700.
📉 Bearish Scenario: A sustained move below $0.4211 could ignite further selling, targeting $0.4000, with potential for extended losses to $0.3700.
🚀 Bullish Scenario: Reclaiming $0.4358 could encourage a recovery rally, with targets at $0.4734 and $0.5100, fueled by renewed buyer interest.
⚠️ Note: ALGO’s proximity to key EMAs suggests heightened volatility. Manage risks tightly as the market nears this make-or-break zone.
#Algorand #CryptoAlerts #TradingSignals #Write2Earn #Share1BNBDaily
Jenice Rexford NVth:
They will add payment for validators
🚨 $ALGO
/USDT ALERT: Key Support Under Threat – Big Move Expected! 🚨
The $ALGO /USDT pair is trading at $0.4200, down 6.23%, showing signs of increased bearish pressure after failing to break higher resistance levels. The market is preparing for a significant breakout or breakdown.
💡 Critical Levels to Monitor:
Resistance 1: $0.4350 – A breakout here could push ALGO toward $0.4600 and $0.4800.
Support 1: $0.4196 – A breach of this level could result in a drop to $0.4000, with extended losses toward $0.3800.
📉 Bearish Outlook: If ALGO fails to hold $0.4196, expect selling pressure to increase, targeting $0.4000 or potentially $0.3800, indicating a strong bearish trend.
🚀 Bullish Potential: Reclaiming $0.4350 resistance could ignite a recovery, with upward momentum driving prices toward $0.4600 and beyond to $0.4800.
⚠️ Risk Management Tip: ALGO's current movement near EMA(99) suggests volatility. Maintain tight stop-loss levels and monitor volume for confirmation.
#Algorand #CryptoAlerts #BinanceSignals #Write2Earn #Share1BNBDaily
/USDT ALERT: Key Support Under Threat – Big Move Expected! 🚨
The $ALGO /USDT pair is trading at $0.4200, down 6.23%, showing signs of increased bearish pressure after failing to break higher resistance levels. The market is preparing for a significant breakout or breakdown.
💡 Critical Levels to Monitor:
Resistance 1: $0.4350 – A breakout here could push ALGO toward $0.4600 and $0.4800.
Support 1: $0.4196 – A breach of this level could result in a drop to $0.4000, with extended losses toward $0.3800.
📉 Bearish Outlook: If ALGO fails to hold $0.4196, expect selling pressure to increase, targeting $0.4000 or potentially $0.3800, indicating a strong bearish trend.
🚀 Bullish Potential: Reclaiming $0.4350 resistance could ignite a recovery, with upward momentum driving prices toward $0.4600 and beyond to $0.4800.
⚠️ Risk Management Tip: ALGO's current movement near EMA(99) suggests volatility. Maintain tight stop-loss levels and monitor volume for confirmation.
#Algorand #CryptoAlerts #BinanceSignals #Write2Earn #Share1BNBDaily
#BTCReclaims101K
#Algorand
last bullcycle Algorand had a mcp of 12 billion. how high do you think will the mcp be of Algorand this bullcycle?
#Algorand
last bullcycle Algorand had a mcp of 12 billion. how high do you think will the mcp be of Algorand this bullcycle?
تحليل Algorand (ALGO): اختراق جديد واحتمالات صعودية! 📈
🚀 تحليل Algorand (ALGO): اختراق جديد واحتمالات صعودية، لكن حذار من تقلبات السوق! 📈
تحليل دقيق للعملة: عملة Algorand (ALGO) تجاوزت حاجز 0.50 دولار اليوم، مما يعكس زخماً صعوديًا قويًا في السوق. إذا استمر الاتجاه على هذا المنوال، يمكن أن نرى العملة تتجه نحو 0.55 دولار، ومع استمرار الزخم قد تصل إلى 0.75 دولار.
📊 مؤشرات فنية:
حجم التداول: يظهر نشاطًا كبيرًا في السوق، مدفوعًا بالاهتمام المتزايد.
RSI: مستوى معتدل، يشير إلى توازن بين المشترين والبائعين.
MACD: زخماً صعوديًا يظهر في الاتجاهات الحالية.
المقاومات والدعومات:
الدعم الأول: 0.45 دولار (في حال حدوث تصحيح).
الدعم الثاني: 0.40 دولار (فرصة شراء جيدة).
المقاومة الأولى: 0.50 دولار (التي تم اختراقها اليوم).
المقاومة الثانية: 0.55 دولار (الهدف القادم).
⚡ نصيحة للمستثمرين: في الوقت الحالي، يعد ALGO فرصة ممتازة للاستثمار، لكن يجب على المتداولين مراقبة تحركات السوق بعناية. إذا استمر الزخم في الصعود، يمكن أن تحقق مكاسب كبيرة، ولكن يجب أن تضع في اعتبارك أن السوق لا يخلو من المخاطر.
⚠️ حذار من تقلبات السوق: رغم الفرص المغرية، تبقى السوق الرقمية مليئة بالمفاجآت، لذا تأكد من أنك على دراية بالمخاطر وتستعد للتقلبات المحتملة.
💬 ماذا تعتقد عن فرص Algorand في السوق الحالي؟ هل تتوقع استمرار الصعود؟ شاركنا رأيك في التعليقات!
---
$ALGO
#Algorand
#تداول #تحليل_العملات
تحليل دقيق للعملة: عملة Algorand (ALGO) تجاوزت حاجز 0.50 دولار اليوم، مما يعكس زخماً صعوديًا قويًا في السوق. إذا استمر الاتجاه على هذا المنوال، يمكن أن نرى العملة تتجه نحو 0.55 دولار، ومع استمرار الزخم قد تصل إلى 0.75 دولار.
📊 مؤشرات فنية:
حجم التداول: يظهر نشاطًا كبيرًا في السوق، مدفوعًا بالاهتمام المتزايد.
RSI: مستوى معتدل، يشير إلى توازن بين المشترين والبائعين.
MACD: زخماً صعوديًا يظهر في الاتجاهات الحالية.
المقاومات والدعومات:
الدعم الأول: 0.45 دولار (في حال حدوث تصحيح).
الدعم الثاني: 0.40 دولار (فرصة شراء جيدة).
المقاومة الأولى: 0.50 دولار (التي تم اختراقها اليوم).
المقاومة الثانية: 0.55 دولار (الهدف القادم).
⚡ نصيحة للمستثمرين: في الوقت الحالي، يعد ALGO فرصة ممتازة للاستثمار، لكن يجب على المتداولين مراقبة تحركات السوق بعناية. إذا استمر الزخم في الصعود، يمكن أن تحقق مكاسب كبيرة، ولكن يجب أن تضع في اعتبارك أن السوق لا يخلو من المخاطر.
⚠️ حذار من تقلبات السوق: رغم الفرص المغرية، تبقى السوق الرقمية مليئة بالمفاجآت، لذا تأكد من أنك على دراية بالمخاطر وتستعد للتقلبات المحتملة.
💬 ماذا تعتقد عن فرص Algorand في السوق الحالي؟ هل تتوقع استمرار الصعود؟ شاركنا رأيك في التعليقات!
---
$ALGO
#Algorand
#تداول #تحليل_العملات
$ALGO /USDT 📈 - Algorand's Algorithm is Ascending! 🚀
Overview:
Algorand (ALGO) has been on a tear recently, with a 24-hour price increase of 11.99%. This surge in price has caught the attention of traders and investors alike. The chart is currently in a strong uptrend, with the price making higher highs and higher lows. The 24-hour trading volume is also quite high, indicating strong interest in the token.
Trade Scenarios:
* Bullish Scenario: If the price breaks above the resistance level of $0.60, it could continue to rally towards the next resistance level of $0.65.
* Bearish Scenario: If the price breaks below the support level of $0.45, it could retest the previous support level of $0.40.
Market Outlook:
The overall outlook for ALGO is bullish. The token has strong fundamentals and a supportive community. However, it is important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. It is important to do your own research before making any investment decisions.
#ALGO #Algorand #Layer1 #Crypto #Trading 📈 🚀
Overview:
Algorand (ALGO) has been on a tear recently, with a 24-hour price increase of 11.99%. This surge in price has caught the attention of traders and investors alike. The chart is currently in a strong uptrend, with the price making higher highs and higher lows. The 24-hour trading volume is also quite high, indicating strong interest in the token.
Trade Scenarios:
* Bullish Scenario: If the price breaks above the resistance level of $0.60, it could continue to rally towards the next resistance level of $0.65.
* Bearish Scenario: If the price breaks below the support level of $0.45, it could retest the previous support level of $0.40.
Market Outlook:
The overall outlook for ALGO is bullish. The token has strong fundamentals and a supportive community. However, it is important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. It is important to do your own research before making any investment decisions.
#ALGO #Algorand #Layer1 #Crypto #Trading 📈 🚀
what's algo?
The Algo is the native token of the Algorand blockchain, and is one of the most versatile tokens in crypto. It is used to: pay for transactions. purchase on-chain items such as NFTs. purchase goods and services.
#Algorand #crypto2023 #Binance
The Algo is the native token of the Algorand blockchain, and is one of the most versatile tokens in crypto. It is used to: pay for transactions. purchase on-chain items such as NFTs. purchase goods and services.
#Algorand #crypto2023 #Binance
Algorand Releases AlgoKit To Support Web3 Development
The developer toolkit #AlgoKit has been released, according to the #Algorand Foundation, which is committed to the development of the Algorand #blockchain ecosystem.
By enabling them to quickly operate, explore, and interact with a secluded small Algorand network called LocalNet before releasing to the mainnet, AlgoKit is designed to help Web2 developers make the transition to Web3.
The most comprehensive and user-friendly developer tool set for creating #Web3 apps on Algorand is called AlgoKit. It incorporates Web2's finest software engineering practices with well-known UX principles.
With the help of AlgoKit, the beaker framework, as well as local development, testing, debugging, and deployment on the Algorand blockchain, are all improved. As a result, developers of different skill levels may start building outstanding Web3 dApps in about 10 minutes.
John Woods, the Algorand Foundation's Chief Technological Officer, claims:
“Anyone who knows the basics of blockchain development is able to build on Algorand with AlgoKit. It’s easy to install and setup and features a clean language with user-friendly design patterns, an integrated testing suite, best practices for security, and best practices for deployment pipelines.”
The tool set comes with everything programmers require to design, test, and deploy applications on Algorand. The community and ecosystem partners may use AlgoKit's powerful templating features as a secure foundation for constructing their dApps.
Although the product roadmap suggests that full-stack development is coming, AlgoKit will first focus on smart-contract development.
This news is republished from https://coinaquarium.io/
By enabling them to quickly operate, explore, and interact with a secluded small Algorand network called LocalNet before releasing to the mainnet, AlgoKit is designed to help Web2 developers make the transition to Web3.
The most comprehensive and user-friendly developer tool set for creating #Web3 apps on Algorand is called AlgoKit. It incorporates Web2's finest software engineering practices with well-known UX principles.
With the help of AlgoKit, the beaker framework, as well as local development, testing, debugging, and deployment on the Algorand blockchain, are all improved. As a result, developers of different skill levels may start building outstanding Web3 dApps in about 10 minutes.
John Woods, the Algorand Foundation's Chief Technological Officer, claims:
“Anyone who knows the basics of blockchain development is able to build on Algorand with AlgoKit. It’s easy to install and setup and features a clean language with user-friendly design patterns, an integrated testing suite, best practices for security, and best practices for deployment pipelines.”
The tool set comes with everything programmers require to design, test, and deploy applications on Algorand. The community and ecosystem partners may use AlgoKit's powerful templating features as a secure foundation for constructing their dApps.
Although the product roadmap suggests that full-stack development is coming, AlgoKit will first focus on smart-contract development.
This news is republished from https://coinaquarium.io/
🔥🔥🔥 #Algorand (ALGO) Stuns In Q4: Market Cap Soars, TVL Doubles, And User Base Skyrockets
In Q4 2023, Algorand ($ALGO ) exhibited robust growth, outperforming the broader crypto market, according to a Messari report. ALGO's market cap surged by 123%, surpassing the overall market's 53% growth. Transactions on the Algorand network increased by 58% QoQ, leading to a 60% rise in fee revenue, reaching a one-year high in ALGO terms, and a notable 143% surge in #USD terms. Algorand's thriving ecosystem, marked by innovative applications in regulated euro, tokenized farmland, and a developer marketplace, contributed to its dynamic image, attracting users from various domains.
User adoption saw a significant uptick, with 1.9 million new addresses added, reflecting a 72% QoQ growth. Transaction volume surpassed 5.5 million towards the end of the quarter, the highest recorded in the past year, with ALGO transactions rising by 43% QoQ. The rise in transactions was attributed to popular applications like Lofty.ai and TravelX.
Despite these positive trends, staked ALGO saw a 49% YoY decrease in Q4, linked to a reduction in rewards per governance period. This decrease indicated a preference among users to use the native asset for transactions rather than commit it to governance. Stablecoin market cap on Algorand experienced a QoQ decrease of 43% and a YoY decrease of 74%. Tether’s USDT stablecoin saw a substantial fall, with over $100 million withdrawn in Q3, while Quantoz launched EURD on Algorand, contributing to 1.4% of the stablecoin market cap.
In Q4 2023, Algorand's #DEFI TVL surged by 109%, marking a strong rebound to its second-highest level in the past year, with a 12% YoY increase. Notably, Folks Finance doubled its market share, while Pact and Tinyman collectively held 14% of the DeFi TVL market. Despite this growth, the ALGO token faced significant declines, trading at $0.1735, with drops of 8.7%, 12.4%, and 18.5% in the past fourteen days, thirty days, and one year, respectively.
Source - newsbtc.com
#CryptoNews #BinanceSquare
In Q4 2023, Algorand ($ALGO ) exhibited robust growth, outperforming the broader crypto market, according to a Messari report. ALGO's market cap surged by 123%, surpassing the overall market's 53% growth. Transactions on the Algorand network increased by 58% QoQ, leading to a 60% rise in fee revenue, reaching a one-year high in ALGO terms, and a notable 143% surge in #USD terms. Algorand's thriving ecosystem, marked by innovative applications in regulated euro, tokenized farmland, and a developer marketplace, contributed to its dynamic image, attracting users from various domains.
User adoption saw a significant uptick, with 1.9 million new addresses added, reflecting a 72% QoQ growth. Transaction volume surpassed 5.5 million towards the end of the quarter, the highest recorded in the past year, with ALGO transactions rising by 43% QoQ. The rise in transactions was attributed to popular applications like Lofty.ai and TravelX.
Despite these positive trends, staked ALGO saw a 49% YoY decrease in Q4, linked to a reduction in rewards per governance period. This decrease indicated a preference among users to use the native asset for transactions rather than commit it to governance. Stablecoin market cap on Algorand experienced a QoQ decrease of 43% and a YoY decrease of 74%. Tether’s USDT stablecoin saw a substantial fall, with over $100 million withdrawn in Q3, while Quantoz launched EURD on Algorand, contributing to 1.4% of the stablecoin market cap.
In Q4 2023, Algorand's #DEFI TVL surged by 109%, marking a strong rebound to its second-highest level in the past year, with a 12% YoY increase. Notably, Folks Finance doubled its market share, while Pact and Tinyman collectively held 14% of the DeFi TVL market. Despite this growth, the ALGO token faced significant declines, trading at $0.1735, with drops of 8.7%, 12.4%, and 18.5% in the past fourteen days, thirty days, and one year, respectively.
Source - newsbtc.com
#CryptoNews #BinanceSquare
#Algo #Algorand Price Prediction 2024
Month | Minimum Price |Average Price | Maximum Price | Potential ROI
February$0.146$0.156$0.166
0%
March$0.147$0.178$0.208
25.3%
April$0.186$0.196$0.205
23.5%
May$0.161$0.181$0.200
20.5%
June$0.143$0.155$0.166
0%
July$0.140$0.148$0.156
-6%
August$0.133$0.141$0.148
-10.8%
September$0.130$0.139$0.147
-11.4%
October$0.134$0.139$0.144
-13.3%
November$0.127$0.135$0.143
-13.9%
December$0.123$0.134$0.145
-12.7%
All Time$0.144$0.156$0.166
0.25%
#TradeNTell #Write2Earn #Prediction
Month | Minimum Price |Average Price | Maximum Price | Potential ROI
February$0.146$0.156$0.166
0%
March$0.147$0.178$0.208
25.3%
April$0.186$0.196$0.205
23.5%
May$0.161$0.181$0.200
20.5%
June$0.143$0.155$0.166
0%
July$0.140$0.148$0.156
-6%
August$0.133$0.141$0.148
-10.8%
September$0.130$0.139$0.147
-11.4%
October$0.134$0.139$0.144
-13.3%
November$0.127$0.135$0.143
-13.9%
December$0.123$0.134$0.145
-12.7%
All Time$0.144$0.156$0.166
0.25%
#TradeNTell #Write2Earn #Prediction
No doubts #Algorand is gonna hit my second entry point and once there I will see the reaction but in case of shaky market I expect to see it on the 3rd too. #crypto2023 #cryptotrading #trading #Binance
DWF Labs is the new generation Web3 investor and market maker
DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
DWF Labs is a global digital asset market maker and multi-stage web3 investment firm. Its team is present in #Singapore, #Switzerland, the #UAE, South Korea, BVI, and expanding.
Over the last year, it found $20 million for an investment deal with the Synthetix protocol, $28 million for blockchain platform Conflux, $40 million for AI platform #Fetch AI, $45 million for the #EOS Network Foundation — and a further $50 million for the #Algorand Foundation. Ref. @Square-Creator-490053188
It now claims to have invested in 470 projects in total, according to Foresight News, and worked with around 35% of the top 1,000 tokens by market capitalization in its short 16-month history.
DWF Labs launched in September as an investment-focused arm of Digital Wave Finance, a top high-frequency trading firm that trades spot.
If a project is listed on #Binance then the project is proven and ( good for DWF Investments ) because these exchanges have very strict due diligence and very strict policies of listing. #watch2earn #TrendingTopic
Top DWF Labs Portfolio Tokens by Market Capitalization: #DWFLabs #DWF
Total Market cap of DWF is " $48.1 Billion "
Top DWF tokens by Market cap: 👇
1- $TRX = $12,565,132,056
2- $TON = $7,481,548,323
3- $MNT = $2,913,552,999
4- $BEAM = $1,831,807,435
5- $ALGO = $1,831,807,435
6- $FLR = $1,751,686,793
7- $EGLD = $1,751,686,793
8- $SNX = $1,208,487,248
9- $GALA = $1,063,729,949
10- $CFX = $962,601,773
and alot more , big list
DWF labs offers deep #liquidity in the spot market for hundreds of tokens with customized solutions and coverage.
DWF Recent Investments / Achievements
▪️ $FLOKI Price Skyrockets 60% As DWF Buys $10M @Floki Inu
▪️ DWF Labs Doubles Down on Conflux with $28 Million Invested
▪️DWF Labs and #Algorand Foundation Reach Strategic Partnership | @Algorand Foundation
▪️DWF Labs joins TON accelerator program | @Ton Network
▪️DWF Labs and TRON Reach Strategic Partnership to Strengthen Ecosystem Support @TRON DAO
▪️ YGG Secures $13.8M Token Sale in a Round Led By A16z Crypto and DWF Labs
▪️ YGG Secures $13.8M Token Sale in a Round Led By A16z Crypto and DWF Labs |
▪️ Synthetix nets $20M from Web3 quant trading firm |
@Synthetix
DWF LABS SERVICES Market Making –
DWF provides market-making execution capabilities, building volumes and providing healthy liquidity for projects as a service.
OTC Trading – DWF labs offers deep liquidity in the spot market for hundreds of tokens with customized solutions and coverage.
Investing – DWF Labs is a multi-stage web3 investment firm and ecosystem partner.
DWF Labs is a venture capital and proprietary trading firm involved in liquidity provision, investment, and derivatives trading.
Retweet and Like to Support
DWF Labs is a global digital asset market maker and multi-stage web3 investment firm. Its team is present in #Singapore, #Switzerland, the #UAE, South Korea, BVI, and expanding.
Over the last year, it found $20 million for an investment deal with the Synthetix protocol, $28 million for blockchain platform Conflux, $40 million for AI platform #Fetch AI, $45 million for the #EOS Network Foundation — and a further $50 million for the #Algorand Foundation. Ref. @Square-Creator-490053188
It now claims to have invested in 470 projects in total, according to Foresight News, and worked with around 35% of the top 1,000 tokens by market capitalization in its short 16-month history.
DWF Labs launched in September as an investment-focused arm of Digital Wave Finance, a top high-frequency trading firm that trades spot.
If a project is listed on #Binance then the project is proven and ( good for DWF Investments ) because these exchanges have very strict due diligence and very strict policies of listing. #watch2earn #TrendingTopic
Top DWF Labs Portfolio Tokens by Market Capitalization: #DWFLabs #DWF
Total Market cap of DWF is " $48.1 Billion "
Top DWF tokens by Market cap: 👇
1- $TRX = $12,565,132,056
2- $TON = $7,481,548,323
3- $MNT = $2,913,552,999
4- $BEAM = $1,831,807,435
5- $ALGO = $1,831,807,435
6- $FLR = $1,751,686,793
7- $EGLD = $1,751,686,793
8- $SNX = $1,208,487,248
9- $GALA = $1,063,729,949
10- $CFX = $962,601,773
and alot more , big list
DWF labs offers deep #liquidity in the spot market for hundreds of tokens with customized solutions and coverage.
DWF Recent Investments / Achievements
▪️ $FLOKI Price Skyrockets 60% As DWF Buys $10M @Floki Inu
▪️ DWF Labs Doubles Down on Conflux with $28 Million Invested
▪️DWF Labs and #Algorand Foundation Reach Strategic Partnership | @Algorand Foundation
▪️DWF Labs joins TON accelerator program | @Ton Network
▪️DWF Labs and TRON Reach Strategic Partnership to Strengthen Ecosystem Support @TRON DAO
▪️ YGG Secures $13.8M Token Sale in a Round Led By A16z Crypto and DWF Labs
▪️ YGG Secures $13.8M Token Sale in a Round Led By A16z Crypto and DWF Labs |
▪️ Synthetix nets $20M from Web3 quant trading firm |
@Synthetix
DWF LABS SERVICES Market Making –
DWF provides market-making execution capabilities, building volumes and providing healthy liquidity for projects as a service.
OTC Trading – DWF labs offers deep liquidity in the spot market for hundreds of tokens with customized solutions and coverage.
Investing – DWF Labs is a multi-stage web3 investment firm and ecosystem partner.
DWF Labs is a venture capital and proprietary trading firm involved in liquidity provision, investment, and derivatives trading.
Retweet and Like to Support
Buy ALGO slowly - slowly you can spend up to 100 USDT Maximum 💵.
🎯🎯selling 🎯🎯🎯target
for long term holders
1 USDT to 1.20- 1.35-1.5 USDT confirmed✅.
This target is only for short term buyers.
0.5 USDT for short term holders.
#Write2Earn #Algorand #ALGO
🎯🎯selling 🎯🎯🎯target
for long term holders
1 USDT to 1.20- 1.35-1.5 USDT confirmed✅.
This target is only for short term buyers.
0.5 USDT for short term holders.
#Write2Earn #Algorand #ALGO