Algorand
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I discovered crypto in 2020, and at that time I often used $TRX and $FTM to transact out of exchanges.
And after about 2 years, someone introduced me to #Algorand $ALGO
I tried sending some, 1 2 and booms "deposit received"
Whatsss,,, so fast and cheap. The cost is only 0.01 $
Algo is 10x cheaper than Tron. I said, ok I found diamonds.
And after about 2 years, someone introduced me to #Algorand $ALGO
I tried sending some, 1 2 and booms "deposit received"
Whatsss,,, so fast and cheap. The cost is only 0.01 $
Algo is 10x cheaper than Tron. I said, ok I found diamonds.
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 (ALGO) Price Shows Signs of Life but Critical Resistance at $0.11 Remains Intact
The Algorand (ALGO) price recently decreased from the $0.11 horizontal support area. It reached a new all-time low price on August 17.
Readings from the weekly and daily timeframes are bearish. However, a breakout from a long-term descending resistance line could trigger a significant price increase.
#Algorand Price Reaches All-Time Low, Trades Below Support
The weekly timeframe technical analysis shows that the ALGO price has fallen under a descending resistance line since its all-time high price of $2.99 in November 2021. So far, the line has been in place for 714 days. More recently, it rejected in ALGO pril 2023 (red icon), catalyzing the ongoing downward movement.
#crypto investing, simplified. Get ALGO price predictions here.
On August 17, ALGO fell to a new all-time low price of $0.08. The same week, it also closed below the $0.11 horizontal support area, which had been in place since March 2020. Since the price broke down, the $0.11 area is expected to provide resistance. It is also worth mentioning that Algofi shut down in July. Algofi was the largest decentralized finance protocol in Algorand, contributing more than 50% of its total value locked (TVL).
ALGO/USDT Weekly Chart. Source: Trading View
While the weekly RSI is leaning bearish, it also offers hope for a potential bullish trend reversal. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset. Bulls have an advantage if the RSI reading is above 50 and the trend is upward, but if the reading is below 50, the opposite is true.
The RSI is below 50, a sign of a bearish trend. However, the indicator has also generated a bullish divergence (green line). A bullish divergence occurs when a momentum increase accompanies a price decrease. An upward movement often follows it.
Therefore, the weekly timeframe readings are insufficient to determine if ALGO will reclaim the $0.11 support area or if it will continue falling to new lows.
Check Out the Best Upcoming Airdrops in 2023
ALGO Price Prediction: Will Price Reclaim $0.11 Level?
The technical analysis from the daily timeframe is similar to the weekly one. This is especially visible in the RSI, which has generated considerable bullish divergence (green line). As outlined prior, this is a bullish sign that often leads to bullish trend reversals.
However, an increase has yet to begin. Rather, the price hovers below the minor $0.10 horizontal area, providing resistance. So, the price action and RSI are not in alignment regarding the future price trend. Rather, the reaction to the $0.10-$0.11 resistance and the long-term resistance line can determine the future trend.
A successful breakout can lead to a 200% increase to the next resistance at $0.29. On the other hand, failure to do so can cause a 25% drop to the next support at $0.072.
ALGO/USDT Daily Chart. Source: Trading View
To conclude, the future ALGO price prediction will determine whether the price gets rejected at the $0.11 area again or if it reclaims it instead.
A rejection will lead to a 25% drop, while a reclaim and future breakout can instead cause a 200% price increase.
#cryptocurrency #BinanceTournament #dyor
Readings from the weekly and daily timeframes are bearish. However, a breakout from a long-term descending resistance line could trigger a significant price increase.
#Algorand Price Reaches All-Time Low, Trades Below Support
The weekly timeframe technical analysis shows that the ALGO price has fallen under a descending resistance line since its all-time high price of $2.99 in November 2021. So far, the line has been in place for 714 days. More recently, it rejected in ALGO pril 2023 (red icon), catalyzing the ongoing downward movement.
#crypto investing, simplified. Get ALGO price predictions here.
On August 17, ALGO fell to a new all-time low price of $0.08. The same week, it also closed below the $0.11 horizontal support area, which had been in place since March 2020. Since the price broke down, the $0.11 area is expected to provide resistance. It is also worth mentioning that Algofi shut down in July. Algofi was the largest decentralized finance protocol in Algorand, contributing more than 50% of its total value locked (TVL).
ALGO/USDT Weekly Chart. Source: Trading View
While the weekly RSI is leaning bearish, it also offers hope for a potential bullish trend reversal. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset. Bulls have an advantage if the RSI reading is above 50 and the trend is upward, but if the reading is below 50, the opposite is true.
The RSI is below 50, a sign of a bearish trend. However, the indicator has also generated a bullish divergence (green line). A bullish divergence occurs when a momentum increase accompanies a price decrease. An upward movement often follows it.
Therefore, the weekly timeframe readings are insufficient to determine if ALGO will reclaim the $0.11 support area or if it will continue falling to new lows.
Check Out the Best Upcoming Airdrops in 2023
ALGO Price Prediction: Will Price Reclaim $0.11 Level?
The technical analysis from the daily timeframe is similar to the weekly one. This is especially visible in the RSI, which has generated considerable bullish divergence (green line). As outlined prior, this is a bullish sign that often leads to bullish trend reversals.
However, an increase has yet to begin. Rather, the price hovers below the minor $0.10 horizontal area, providing resistance. So, the price action and RSI are not in alignment regarding the future price trend. Rather, the reaction to the $0.10-$0.11 resistance and the long-term resistance line can determine the future trend.
A successful breakout can lead to a 200% increase to the next resistance at $0.29. On the other hand, failure to do so can cause a 25% drop to the next support at $0.072.
ALGO/USDT Daily Chart. Source: Trading View
To conclude, the future ALGO price prediction will determine whether the price gets rejected at the $0.11 area again or if it reclaims it instead.
A rejection will lead to a 25% drop, while a reclaim and future breakout can instead cause a 200% price increase.
#cryptocurrency #BinanceTournament #dyor
We're thrilled to announce our partnership with CoolDWN Gaming Guild, the #1 resource for gaming on $ALGO and more!
🚀 Join us in discovering and supporting web3 games and building vibrant gaming communities! 🎮🌐 #Cryptoscope #Algorand #blockchain #Web3
🚀 Join us in discovering and supporting web3 games and building vibrant gaming communities! 🎮🌐 #Cryptoscope #Algorand #blockchain #Web3
SEC Actions Trigger Declines in Altcoin Prices: Algorand (ALGO) and Flow (FLOW) Hit All-Time Lows
The recent actions taken by the Securities and Exchange Commission (SEC) have sent shockwaves through the cryptocurrency market. The SEC's focus on unregistered securities has led to a drop in prices across various altcoins, with Algorand ( $ALGO ) and Flow ( $FLOW ) experiencing significant declines. This article examines the regulatory challenges faced by these tokens, their current price levels, and the implications of the SEC's lawsuits against Coinbase and Binance.
Headings:
The SEC's Lawsuits and Their Impact
Algorand (ALGO) - A Speedy and Scalable Platform
Flow (FLOW) - Fueling NFT Projects and Staking
Market Performance and Price Declines
Regulatory Status and Lawsuit Claims
The Algorand Foundation's Response
Dapper Labs' Influence on Flow's Value
Lawsuit Pressure on Dapper Labs
Understanding the Challenges Faced by ALGO and FLOW
Conclusion: SEC Lawsuits Amplify Market Calculations
The SEC's Lawsuits and Their Impact: This section introduces the SEC's lawsuits and emphasizes their significant impact on the cryptocurrency market. It sets the stage for the subsequent sections by highlighting the consequences of the SEC's actions on altcoin prices.
Algorand (ALGO) - A Speedy and Scalable Platform: This heading focuses on #Algorand (ALGO) and provides an overview of the token's purpose and features. It mentions the founder, Silvio Micali, and highlights ALGO's goal of offering a speedy and scalable platform for building decentralized applications. This section establishes the relevance of ALGO in the context of the SEC's actions.
Flow (FLOW) - Fueling NFT Projects and Staking: Under this heading, the focus shifts to #Flow (FLOW) and its role in powering notable NFT projects like CryptoKitties and NBA Top Shot. It also explains how FLOW is used in staking and as a means of a transaction within the Flow network. This section highlights the unique characteristics of FLOW and its connection to Dapper Labs.
Market Performance and Price Declines: Here, the article delves into the recent market performance of ALGO and FLOW, specifically their significant price declines. It provides specific figures and highlights the severity of the drop, emphasizing the all-time lows reached by both tokens. This information helps readers understand the magnitude of the price decline and its impact on investors.
Regulatory Status and Lawsuit Claims: Under this heading, the focus is on the regulatory status of ALGO and FLOW and the claims made by the SEC in their lawsuits. It discusses the SEC's initial claim that ALGO is security and highlights the unregistered securities offering associated with ALGO's token sale. It also explains how the SEC has focused on Dapper Labs' involvement in the growth and value appreciation of FLOW.
The Algorand Foundation's Response: This section explores the response of the Algorand Foundation to the securities classification of ALGO. It mentions the foundation's refutation of the notion and emphasizes its call for clear regulatory guidelines in the crypto industry. The response from the Algorand Foundation sheds light on their perspective and efforts to address the regulatory concerns.
Dapper Labs' Influence on Flow's Value: Here, the article focuses on Dapper Labs and its influence on the value of FLOW. It explains the SEC's claim that the value of FLOW increases as a result of Dapper Labs' efforts to develop the Flow blockchain network. This section helps readers understand the relationship between Dapper Labs and the value of FLOW.
Lawsuit Pressure on Dapper Labs: This heading explores the additional lawsuit pressure faced by Dapper Labs regarding NFTs on its network being accused of being securities. It mentions the denial of Dapper Labs' motion to dismiss the case brought by an NBA Top Shot user. This information highlights the legal challenges faced by Dapper Labs in relation to their NFT projects.
Understanding the Challenges Faced by ALGO and FLOW: Under this heading, the article takes a step back to provide a comprehensive understanding of the challenges faced by ALGO and FLOW, considering the broader context of their respective networks. It helps readers recognize that the price declines are influenced by both well-established challenges and the SEC's lawsuits against Coinbase and Binance.
Conclusion: SEC Lawsuits Amplify Market Calculations: The conclusion summarizes the main points of the article, emphasizing how the SEC's lawsuits have amplified market calculations and impacted the cryptocurrency market. It restates the significance of the declines in ALGO and FLOW, emphasizing the ongoing uncertainty surrounding their regulatory status.
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#SEC #Binance #Coinbase $BTC
Headings:
The SEC's Lawsuits and Their Impact
Algorand (ALGO) - A Speedy and Scalable Platform
Flow (FLOW) - Fueling NFT Projects and Staking
Market Performance and Price Declines
Regulatory Status and Lawsuit Claims
The Algorand Foundation's Response
Dapper Labs' Influence on Flow's Value
Lawsuit Pressure on Dapper Labs
Understanding the Challenges Faced by ALGO and FLOW
Conclusion: SEC Lawsuits Amplify Market Calculations
The SEC's Lawsuits and Their Impact: This section introduces the SEC's lawsuits and emphasizes their significant impact on the cryptocurrency market. It sets the stage for the subsequent sections by highlighting the consequences of the SEC's actions on altcoin prices.
Algorand (ALGO) - A Speedy and Scalable Platform: This heading focuses on #Algorand (ALGO) and provides an overview of the token's purpose and features. It mentions the founder, Silvio Micali, and highlights ALGO's goal of offering a speedy and scalable platform for building decentralized applications. This section establishes the relevance of ALGO in the context of the SEC's actions.
Flow (FLOW) - Fueling NFT Projects and Staking: Under this heading, the focus shifts to #Flow (FLOW) and its role in powering notable NFT projects like CryptoKitties and NBA Top Shot. It also explains how FLOW is used in staking and as a means of a transaction within the Flow network. This section highlights the unique characteristics of FLOW and its connection to Dapper Labs.
Market Performance and Price Declines: Here, the article delves into the recent market performance of ALGO and FLOW, specifically their significant price declines. It provides specific figures and highlights the severity of the drop, emphasizing the all-time lows reached by both tokens. This information helps readers understand the magnitude of the price decline and its impact on investors.
Regulatory Status and Lawsuit Claims: Under this heading, the focus is on the regulatory status of ALGO and FLOW and the claims made by the SEC in their lawsuits. It discusses the SEC's initial claim that ALGO is security and highlights the unregistered securities offering associated with ALGO's token sale. It also explains how the SEC has focused on Dapper Labs' involvement in the growth and value appreciation of FLOW.
The Algorand Foundation's Response: This section explores the response of the Algorand Foundation to the securities classification of ALGO. It mentions the foundation's refutation of the notion and emphasizes its call for clear regulatory guidelines in the crypto industry. The response from the Algorand Foundation sheds light on their perspective and efforts to address the regulatory concerns.
Dapper Labs' Influence on Flow's Value: Here, the article focuses on Dapper Labs and its influence on the value of FLOW. It explains the SEC's claim that the value of FLOW increases as a result of Dapper Labs' efforts to develop the Flow blockchain network. This section helps readers understand the relationship between Dapper Labs and the value of FLOW.
Lawsuit Pressure on Dapper Labs: This heading explores the additional lawsuit pressure faced by Dapper Labs regarding NFTs on its network being accused of being securities. It mentions the denial of Dapper Labs' motion to dismiss the case brought by an NBA Top Shot user. This information highlights the legal challenges faced by Dapper Labs in relation to their NFT projects.
Understanding the Challenges Faced by ALGO and FLOW: Under this heading, the article takes a step back to provide a comprehensive understanding of the challenges faced by ALGO and FLOW, considering the broader context of their respective networks. It helps readers recognize that the price declines are influenced by both well-established challenges and the SEC's lawsuits against Coinbase and Binance.
Conclusion: SEC Lawsuits Amplify Market Calculations: The conclusion summarizes the main points of the article, emphasizing how the SEC's lawsuits have amplified market calculations and impacted the cryptocurrency market. It restates the significance of the declines in ALGO and FLOW, emphasizing the ongoing uncertainty surrounding their regulatory status.
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#SEC #Binance #Coinbase $BTC
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
Best 7 Cryptocurrencies with High Transaction Speeds
#Solana :Crypto with significantly faster transactions than Ethereum
#Avalanche :Lightning-fast Transactions with minimal transaction charges
#Algorand :Launched in June 2021 with a Proof-of-Stake (PPoS) mechanism
#Polygon :Serves as a sidechain to Ethereum with 65,000 transactions per second
#Cosmos :Follows a modular architecture with 10,000 transactions per second and IBC protocol
#Fantom :Allows for parallel processing with aBFT technique utilization
#Helium :Transfers the data for IoT devices with transactions up to 1,000 per second
#Solana :Crypto with significantly faster transactions than Ethereum
#Avalanche :Lightning-fast Transactions with minimal transaction charges
#Algorand :Launched in June 2021 with a Proof-of-Stake (PPoS) mechanism
#Polygon :Serves as a sidechain to Ethereum with 65,000 transactions per second
#Cosmos :Follows a modular architecture with 10,000 transactions per second and IBC protocol
#Fantom :Allows for parallel processing with aBFT technique utilization
#Helium :Transfers the data for IoT devices with transactions up to 1,000 per second
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
Unlike many, I'm open about my portfolio & strategy. Ratio trading is my key, detailed explanation & chart below. Feel free to ask till you grasp it!
#Bitcoin #Ethereum #Litecoin #BNB #XLM #XTZ #Algorand $LTC
#Bitcoin #Ethereum #Litecoin #BNB #XLM #XTZ #Algorand $LTC
🔥 #DWFLabs and #Algorand Foundation have reached strategic partnership
DWF Labs has announced a #partnership with #AlgorandFoundation to support the health and growth of the ecosystem built on the Algorand blockchain.
DWF Labs has announced a #partnership with #AlgorandFoundation to support the health and growth of the ecosystem built on the Algorand blockchain.
See original
DWF Labs and Algorand Foundation form a strategic partnership, including a $50 million ALGO token purchase, to enhance the Algorand blockchain ecosystem.
$ALGO #Algorand #DWFLabs #Ecosystem #web3.0
https://blockchainreporter.net/algorand-foundation-joins-forces-with-web3-investment-firm-dwf-labs-to-supercharge-ecosystem-growth/
$ALGO #Algorand #DWFLabs #Ecosystem #web3.0
https://blockchainreporter.net/algorand-foundation-joins-forces-with-web3-investment-firm-dwf-labs-to-supercharge-ecosystem-growth/
#Algorand $Algo 1w
Keeps going 👍
Algorand price today is $ 0.237516 with a 24-hour trading volume of $ 196.80M, market cap of $ 1.91B, and market dominance of 0.08%. The ALGO price increased 7.88% in the last 24 hours.
#TrendingTopic
Keeps going 👍
Algorand price today is $ 0.237516 with a 24-hour trading volume of $ 196.80M, market cap of $ 1.91B, and market dominance of 0.08%. The ALGO price increased 7.88% in the last 24 hours.
#TrendingTopic
