Algorand (ALGO) operates as a decentralized platform facilitating digital currency and smart contracts, boasting features of security and scalability. It employs a variant of Proof-of-Stake (PoS) called Pure PoS (PPoS) to ensure network security and consensus for block production.
Despite a modest 17% growth this year, ALGO’s recent price chart signals a potential surge. The formation of a “Golden Cross” on its 4-hour chart suggests an impending bullish trend.
