Up or down? Algorand (ALGO) price prediction for March

Up or down? Algorand (ALGO) price prediction for March
фото показано с : invezz.com

2021-2-27 22:32

The cryptocurrency market is losing its value this trading week, the price of Bitcoin went below $45000 support today, and the risk of further declines is not over yet. Algorand (ALGO) also remains under pressure; in less than several hours, this cryptocurrency price has weakened from $1.15 to $0.89, and the current price stands around $1.04.

Fundamental analysis: Algorand announced a partnership with media platform Xfinite

The cryptocurrency market continues to trade in a buy zone even though Bitcoin cannot stabilize above $48000 resistance.  Algorand price has extended its correction from the recent highs registered in the second week of February, but there is no risk of the bear market for now.

Algorand is a proof-of-stake (PoS) blockchain that was created by computer scientist professor Silvio Micali and was officially launched in 2019. The main characteristic of this project includes open participation, scalability, security, and transaction finality but it is important to mention that its code can be cloned, copied, and used on other blockchains.

Algorand has an average of 500,000 transactions per day, and this project’s main goal is to create a transparent system in which everyone can achieve success. Algorand enables developers to create new applications on its platform fuelled by cryptocurrency, and according to its official website, more than 500 companies are developing applications on this blockchain at the moment.

The technology behind Algorand is novel, and there’s still a level of uncertainty surrounding the project. ALGO token is the native token of this blockchain, and it is essential to say that it is distributed with each new block to everyone who holds a certain amount of the currency in its wallets.

According to the latest news, Algorand announced a partnership with media platform Xfinite to help it achieve mass adoption.

“Xfinite has a visionary understanding of how blockchain can be leveraged for new opportunities in the media industry. With major partnerships with organizations that have millions of users, we are excited to support Xfinite’s new applications and welcome them to the Algorand community,” said Sean Ford, the COO of Algorand.

The partnership with Xfinite is positive news for the investors, and this cryptocurrency could advance again above $1.5 resistance in the ongoing bull market.

Technical analysis: The main trend remains bullish

The main trend of this cryptocurrency remains bullish, and for now, there is no signal of the trend reversal.

Data source: tradingview.com

The important support levels are $0.90 and $0.80; $1.20 and $1.40 represent the current resistance levels. If the price jumps above $1.20, it would be a signal to buy Algorand (ALGO), but if the price falls below $0.80, it would be a firm “sell” signal and a trend reversal sign.

Summary

Algorand price has extended its correction from the recent highs, but this crypto continues to trade in a buy zone, and for now, there is no signal of the trend reversal. Algorand announced a partnership with media platform Xfinite to help it achieve mass adoption, which is positive news for the investors.

The post Up or down? Algorand (ALGO) price prediction for March appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price cryptocurrency algo algorand remains yet further

Источник: invezz.com

price cryptocurrency → Результатов: 126


Фото:

Bitcoin Price At Risk Of Correction: Here’s The Next Key Level To Watch

Bitcoin, the largest cryptocurrency asset has been exhibiting considerable volatility, prompting several bearish sentiments regarding its price trajectory from market experts. After exploring BTC’s recent price action, popular cryptocurrency expert and trader, Titan of Crypto has warned the community about an impending downward correction for the digital asset.

2024-6-19 21:00


Bitcoin Approaches Price Discovery, All-Time Highs After Touching $18,800

Bitcoin price still continues to climb despite seven solid weeks of positive price momentum. Whether or not the cryptocurrency has already returned to price discovery mode or not, is debatable. But even if it isn’t, this latest push has brought the first-ever cryptocurrency to its final resistance level before setting a new record. When the […]

2020-11-21 19:32


Ban Bitcoin Before It Disempowers Our Foreign Policy – U.S. Congressman

Bitcoin is now the topic of most financial conversations (including those not in the cryptocurrency sector) and this has made the popularity increase and the price soar even higher. The coin successfully hit and crossed the $8,000 mark and even though its been fluctuating since then, the increase by $2000 within a few days is […] The post Ban Bitcoin Before It Disempowers Our Foreign Policy – U.S. Congressman appeared first on ZyCrypto.

2019-5-17 22:28


Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In

By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge.

2019-5-17 21:40


Bitcoin Maintains Its Near $8,000 BTC/USD Price Despite eBay and TD Ameritrade Rumors Debunked

Since the start of April, the cryptocurrency markets have been running wild as Bitcoin (BTC), the pioneer cryptocurrency, crossed the $5000, $6,000, $7,000 and $8,000 USD marks in less than 7 weeks. BTC currently trades at $7940 USD maintaining its high price even after the rumors that supposedly contributed to this bullish momentum were debunked. […]

2019-5-16 20:40


NEM Price Analysis XEM / USD: Stretched Bullish Breakout

NEM has a bullish short-term trading bias, with the cryptocurrency advancing to a new 2019 trading high The XEM / USD pair has an increasingly bullish medium-term trading outlook The daily time frame now shows that an even larger inverted head and shoulders pattern has now been created NEM / USD Short-term price analysis The […] The post NEM Price Analysis XEM / USD: Stretched Bullish Breakout appeared first on Crypto Briefing.

2019-5-17 18:52


Фото:

Big, greedy Ethereum whales account for 33 percent of cryptocurrency’s supply

Ethereum whales account for just 7 percent of transaction activity in the market – but they control a third of the cryptocurrency’s entire circulating supply. That’s according to a new study by Chainanalysis which found that although these whales don’t have a sizeable impact on Ether’s price, their large sell-offs do make the market more volatile on a daily basis.

2019-5-16 16:36


Bitcoin Wallets Trend as Top Apps on Apple Store as Price Spikes 112% YTD

Two leading bitcoin wallets were trending higher on a popular app marketplace on Tuesday. Twitterati CryptoRae shared a screenshot of the most-searched apps on the Apple Store. It showed Coinbase, a cryptocurrency wallet app managed by a San Francisco-based exchange of the same name, and Blockchain, a similar wallet service provider, listed on the Apple.

2019-5-16 15:00


Bitcoin Could See Profit-Taking Pullback to Mid-$6K, CNBC ‘Experts’ Say

Panelists at CNBC say that Bitcoin price could be due for a pullback despite climbing more than 120 percent since the start of the year. Third Time’s the Charm for Bitcoin? After months of muted conversation around Bitcoin, CNBC analysts are now back in the saddle again, with cautiously bearish sentiments about BTC as the cryptocurrency continues to enjoy a positive trajectory in 2019.

2019-5-16 14:00


Verge Price Analysis XVG / USD: Dead Cat Bounce

Verge has turned bullish in the short-term, with the cryptocurrency trading well above its 200-period moving average on the four-hour time frame The XVG / USD pair has now broken above its key 200-day moving average Bearish head and shoulders patterns remain valid on the four-hour and daily time frames Verge / USD Short-term price […] The post Verge Price Analysis XVG / USD: Dead Cat Bounce appeared first on Crypto Briefing.

2019-5-16 16:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Immutable Pre-Approved Transactions: The End of Disrupted Gameplay

Immutable Web3 unveils Pre-Approved Transactions, a feature integrating blockchain approvals directly in-game, offering seamless transactions and a true Web3 experience. The post Immutable Pre-Approved Transactions: The End of Disrupted Gameplay appeared first on NFT News Today.

Earn Big with NXI Airdrop: 2 Reward Campaigns

Play Billionaire’s Path for $500,000 in rewards or join Everdawn Champions for a share of 105 million NXI tokens. Explore both airdrop campaigns and start earning. The post Earn Big with NXI Airdrop: 2 Reward Campaigns appeared first on NFT News Today.

GOAT Gaming: Step into Reward-Driven Web3 Games and Win Big!

GOAT Gaming is redefining Web3 gaming with mini-games, real prizes, and community engagement through its Road to $GOAT campaign on Telegram. The post GOAT Gaming: Step into Reward-Driven Web3 Games and Win Big! appeared first on NFT News Today.