Algorand
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$ALGO
#Tokenization of Company Stock on #Algorand
Exodus, a company focused on making cryptocurrency accessible, has decided to tokenize its sold shares using the Algorand blockchain.
The goal is to simplify the process for shareholders to claim their ownership.
This strategic move involves a partnership with Securitize, an SEC-registered transfer agent, to issue security tokens on the Algorand network1.
#EXIT Tokens on Algorand:
The digital Common Stock Tokens, known as EXIT tokens, represent one share of Exodus’ Class A common stock.
These tokens will natively use the Algorand blockchain for their issuance and management.
Shareholders can claim and manage their EXIT tokens directly within the Exodus wallet.
The collaboration aims to create a seamless experience for investors, bridging traditional finance with the digital economy2.
Algorand provides a high-performance blockchain network, known for scalability, transaction finality, and low costs.
Its technology aligns with Exodus’ vision to redefine the future of finance.
By leveraging Algorand, Exodus ensures a secure and user-friendly platform for tokenizing company stock2.
Empowering Retail Investors:
As retail investors increasingly engage directly with markets, models like the one executed by Exodus, Securitize, and Algorand become essential.
These models simplify entry points for retail investors to secure, manage, and exchange digital assets.
The noncustodial Exodus wallet facilitates this process, making it accessible to users of all experience levels2.
Unlocking Opportunities:
Exodus empowers individuals and institutions by providing access to unique opportunities.
Algorand’s adoption across financial organizations and DeFi projects enhances the ecosystem.
Together, they enable seamless participation in the Algorand economy, fostering innovation and growth2.
In summary, the collaboration between Exodus and Algorand represents a significant step toward bridging traditional finance and the digital world, creating new possibilities for investors and users alike.
#altcoins #RWA
#Tokenization of Company Stock on #Algorand
Exodus, a company focused on making cryptocurrency accessible, has decided to tokenize its sold shares using the Algorand blockchain.
The goal is to simplify the process for shareholders to claim their ownership.
This strategic move involves a partnership with Securitize, an SEC-registered transfer agent, to issue security tokens on the Algorand network1.
#EXIT Tokens on Algorand:
The digital Common Stock Tokens, known as EXIT tokens, represent one share of Exodus’ Class A common stock.
These tokens will natively use the Algorand blockchain for their issuance and management.
Shareholders can claim and manage their EXIT tokens directly within the Exodus wallet.
The collaboration aims to create a seamless experience for investors, bridging traditional finance with the digital economy2.
Algorand provides a high-performance blockchain network, known for scalability, transaction finality, and low costs.
Its technology aligns with Exodus’ vision to redefine the future of finance.
By leveraging Algorand, Exodus ensures a secure and user-friendly platform for tokenizing company stock2.
Empowering Retail Investors:
As retail investors increasingly engage directly with markets, models like the one executed by Exodus, Securitize, and Algorand become essential.
These models simplify entry points for retail investors to secure, manage, and exchange digital assets.
The noncustodial Exodus wallet facilitates this process, making it accessible to users of all experience levels2.
Unlocking Opportunities:
Exodus empowers individuals and institutions by providing access to unique opportunities.
Algorand’s adoption across financial organizations and DeFi projects enhances the ecosystem.
Together, they enable seamless participation in the Algorand economy, fostering innovation and growth2.
In summary, the collaboration between Exodus and Algorand represents a significant step toward bridging traditional finance and the digital world, creating new possibilities for investors and users alike.
#altcoins #RWA
On June 11, we celebrate the momentous occasion of Algorand's MainNet block zero, marking its 4th year in operation. 🥳✨ Wishing $ALGO continued success, growth, and innovation as it paves the way for a decentralized future. 🚀🎉
Happy Birthday Algorand! 🎉🎂
#Algorand #Blockchains #cryptoscope
Happy Birthday Algorand! 🎉🎂
#Algorand #Blockchains #cryptoscope
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
salah satu infrastruktur layanan nama domain yang berkembang di jaringan Algorand telah mengumumkan bahwa mereka akan menutup ANS mereka. Pemegang domain ANS dapat mengklaim kembali semua Algo mereka di tautan ini: https://algonameservice.domains/#/withdraw . Dompet mana pun yang berhasil mendaftarkan domain ANS akan dapat mengklaim kembali biaya pendaftarannya. artikel lengkapnya bisa kalian baca di sini : https://algonameservice.medium.com/project-closure-announcement-77ec4bfcba #Algorand #ANS
Algorand’s best way to adoption?
Collaborating with governments and universities to build a multichain digital asset world. What are your thoughts?
#Algorand #Algo #crypto2023 #Layer1
$ALGO
Collaborating with governments and universities to build a multichain digital asset world. What are your thoughts?
#Algorand #Algo #crypto2023 #Layer1
$ALGO
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
🚀 Exciting News! Crypto Scope & Zabava Labs unite to revolutionize blockchain gaming! Together, we're pushing boundaries, empowering players, and fostering vibrant gaming ecosystems. Join us on this groundbreaking journey!
🔥 Leveraging blockchain, we create enhanced gaming experiences & decentralized environments. Immerse yourself in a world where innovation meets entertainment! Discover the future of gaming with us.
💥 Zabava Labs brings immersive game experiences like SoMove, an AR rhythm dance game. Crypto Scope drives adoption & innovation with web3 tech. Together, we transform the gaming industry!
We shape the gaming landscape, inspire innovation, and connect with the next-gen gamers
#Web3gaming #Algorand #CryptoScope #Partnership
🔥 Leveraging blockchain, we create enhanced gaming experiences & decentralized environments. Immerse yourself in a world where innovation meets entertainment! Discover the future of gaming with us.
💥 Zabava Labs brings immersive game experiences like SoMove, an AR rhythm dance game. Crypto Scope drives adoption & innovation with web3 tech. Together, we transform the gaming industry!
We shape the gaming landscape, inspire innovation, and connect with the next-gen gamers
#Web3gaming #Algorand #CryptoScope #Partnership
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
**📢 Coinone Lists Algorand (ALGO) on Korean Won Market: 🚀**
Coinone, a prominent cryptocurrency exchange, has announced the listing of Algorand (ALGO) on its Korean Won market. The listing is scheduled for 17:00 on October 20th, with deposits being accepted from 10 a.m. on the same day. This move provides users on the Coinone platform with the opportunity to engage with Algorand, a blockchain platform known for its focus on scalability, security, and decentralization. The listing may contribute to increased accessibility and trading activity for ALGO within the Korean cryptocurrency market. #Coinone #Algorand #CryptoListing #ALGOTrading
Coinone, a prominent cryptocurrency exchange, has announced the listing of Algorand (ALGO) on its Korean Won market. The listing is scheduled for 17:00 on October 20th, with deposits being accepted from 10 a.m. on the same day. This move provides users on the Coinone platform with the opportunity to engage with Algorand, a blockchain platform known for its focus on scalability, security, and decentralization. The listing may contribute to increased accessibility and trading activity for ALGO within the Korean cryptocurrency market. #Coinone #Algorand #CryptoListing #ALGOTrading
🚨 #MetaMask Revolutionizes Wallet Experience: Welcomes #Algorand Integration for Seamless Multichain Use 👇
MetaMask, a prominent #cryptocurrency wallet, has integrated Algorand's wallet into its Snaps platform. Snaps are software modules that seamlessly integrate with MetaMask, enabling the wallet to function across multiple #blockchain networks.
With this integration, users can effortlessly manage their Algorand ( $ALGO ) accounts directly through MetaMask. This includes the ability to perform tasks such as transferring funds, executing swaps, and engaging with Algorand-based #decentralized applications (dApps) all within the MetaMask interface. This development marks a significant step towards enhancing the interoperability and usability of MetaMask across various blockchain ecosystems.
🙏 FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
MetaMask, a prominent #cryptocurrency wallet, has integrated Algorand's wallet into its Snaps platform. Snaps are software modules that seamlessly integrate with MetaMask, enabling the wallet to function across multiple #blockchain networks.
With this integration, users can effortlessly manage their Algorand ( $ALGO ) accounts directly through MetaMask. This includes the ability to perform tasks such as transferring funds, executing swaps, and engaging with Algorand-based #decentralized applications (dApps) all within the MetaMask interface. This development marks a significant step towards enhancing the interoperability and usability of MetaMask across various blockchain ecosystems.
🙏 FOLLOW & LIKE 🙏 It's Motivates me a LOT ❤️
🚀 Did you know that since the launch of Algorand Mainnet 4 years ago, they have achieved remarkable accomplishments with zero downtime? Let's take a look at their major achievements:
🗹 1 billion transactions
🗹 31M+ accounts
🗹 29M+ blocks
🗹 7M+ Algorand Standard Assets
🗹 258,000+ smart contracts deployed
🗹 58 protocol releases
But that's not all! Algorand has continued to innovate and upgrade its technology, making significant strides in the past year:
🗹 Introduced State Proofs
🗹 Implemented on-chain randomness
🗹 Achieved live speeds of 10,000 TPS (Transactions Per Second)
🗹 Released new, best-in-class developer features
Congratulations to $ALGO on these impressive achievements! ❤️
#Blockchains #Algorand #CryptoScope
🗹 1 billion transactions
🗹 31M+ accounts
🗹 29M+ blocks
🗹 7M+ Algorand Standard Assets
🗹 258,000+ smart contracts deployed
🗹 58 protocol releases
But that's not all! Algorand has continued to innovate and upgrade its technology, making significant strides in the past year:
🗹 Introduced State Proofs
🗹 Implemented on-chain randomness
🗹 Achieved live speeds of 10,000 TPS (Transactions Per Second)
🗹 Released new, best-in-class developer features
Congratulations to $ALGO on these impressive achievements! ❤️
#Blockchains #Algorand #CryptoScope
ALGO/USDT Inverse H&S Pattern: $ALGO
⚠️ Warning:
Strong Resistance Ahead at $0.30 Level!
If the price is rejected from $0.3 level, a 50% retracement is possible.
However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180.
If this pattern comes to fruition, a 15x target could be expected in the near future!
Another scenario to keep in mind:
If the resistance breaks, we could see a super bullish move towards $2 (10x)!
Overall, the market is bullish, so try to accumulate at every big dip in the spot.
Algorand is already up 200% from the recent bear market bottom.
Fundamentals: Over 30 million transactions completed in less than 24 hours on #Algorand
#ALGO started this year with 2k TPS sustained for hours. It is now a few hours into the Juicening, and Algorand is still on top.
#BTC #etf #CryptoPatel
$SOL $BTC
⚠️ Warning:
Strong Resistance Ahead at $0.30 Level!
If the price is rejected from $0.3 level, a 50% retracement is possible.
However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180.
If this pattern comes to fruition, a 15x target could be expected in the near future!
Another scenario to keep in mind:
If the resistance breaks, we could see a super bullish move towards $2 (10x)!
Overall, the market is bullish, so try to accumulate at every big dip in the spot.
Algorand is already up 200% from the recent bear market bottom.
Fundamentals: Over 30 million transactions completed in less than 24 hours on #Algorand
#ALGO started this year with 2k TPS sustained for hours. It is now a few hours into the Juicening, and Algorand is still on top.
#BTC #etf #CryptoPatel
$SOL $BTC
