Why is Algorand price rising today?

Why is Algorand price rising today?
фото показано с : coinjournal.net

2022-9-22 13:29

While the general crypto market started today with a decline, Algorand (ALGO) has registered a 13.64% rise over the past 24 hours. At press time, Algorand (ALGO) was trading at $0.3630.

But why is Algorand price going against the general market trend that shows the majority of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) in the red?

Here is a sneak peek into the behind-the-scenes or the factors propelling ALGO price higher today.

Why ALGO price is surging

Today’s price rise comes after Algorand announced yesterday that State Proofs are now available on the Algorand blockchain, which is one of the most important technical accomplishments for the blockchain.

The State proofs enable Algorand blockchain to digitally sign any message in a truly decentralized manner and according to the co-founder Silvio Micali, also fosters the blockchain’s safety against quantum attacks.

Following the introduction of the state proofs, Algorand claims that it can now process 6,000 transactions per second which is quite a high throughput considering that most of the popular financial services like Mastercard can only handle about 5000 transactions per second.

Algorand will now be able to reach finality and block formation in only a record 3.7 seconds.

Algorand’s price surge after the introduction of the state proofs is a stark contrast to Ethereum’s price slump after its Merge upgrade.

The post Why is Algorand price rising today? appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TodayCoin (TODAY) на Currencies.ru

$ 0.00039323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 TODAY

today algorand rising price registered coinjournal started

Источник: coinjournal.net

today algorand → Результатов: 71


Crypto data platform Kaiko integrates with Algoracle, Algorand’s first decentralized oracle network

Kaiko, a provider of institutional-grade cryptocurrency market data, today announced a partnership with Algoracle, the first native oracle service on the Algorand blockchain. Kaiko’s cryptocurrency market data will be integrated with Algoracle’s decentralized oracle network, available for use in smart contracts.

2022-1-12 22:08


Фото:

Arrington XRP Capital запустила инвестфонд на $100 млн для проектов в экосистеме Algorand

Компания по управлению цифровыми активами Arrington XRP Capital объявила о запуске фонда в размере $100 млн для поддержки инициатив на базе блокчейна Algorand. Today, @arringtonXRPcap announced the launch of a $100M fund to invest in #Algorand-based initiatives! The Arrington Algo Growth Fund (AAGF) will focus on empowering projects building on Algorand & supporting ecosystem growth: https://t.

2021-6-11 20:35


Algorand blockchain open API connector goes live on the SAP API Business Hub

CryptoNinjas » Algorand blockchain open API connector goes live on the SAP API Business Hub Algorand, the proof-of-stake blockchain platform, today announced that its open connector API is now live on the SAP Business Hub, providing much-needed interoperability between SAP enterprise applications on the SAP Cloud Platform (SCP) or standalone SAP Clients and the Algorand protocol.

2021-5-25 23:28


Ledger Adds Algorand Support in Ledger Live, Launches Self-Custody Staking for ALGO

Enabling users to manage ALGO and Algorand Standard Assets (ASA) directly through the Ledger Live software app Ledger, the global leader in security and infrastructure solutions for critical digital assets and blockchain applications, announced today support for Algorand (ALGO) and Algorand Standard Assets (ASA) in its software application, Ledger Live, bringing the total amount of […]

2020-9-15 17:30


Фото:

Blockchain Game Alliance Welcomes Algorand (ALGO) as Its Newest Member

Decentralized scalable digital currency and transactions platform Algorand (ALGO) today announced that it had joined the Blockchain Game Alliance (BGA) as a member and supporting sponsor. Algorand Joins the Blockchain Game Alliance Algorand, a permissionless, proof-of-stake (PoS) blockchain protocol that has provided tech infrastructure to several countries’ national currency projects is now an official memberRead MoreRead More.

2020-7-3 20:35


Фото:

Circle начнет выпускать стейблкоин USDC на блокчейне Algorand

Консорциум Centre, управляющий экосистемой стейблкоина USD Coin (USDC), сообщил о начале мультичейновой поддержки монеты. Ранее USDC выпускался только на блокчейне Ethereum. Exciting milestone for Circle and USDC announced today! https://t.

2020-6-25 10:38


дальше еще 22 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Algorand’s Biggest DeFi Project AlgoFi Set To Shut Down

Algorand’s largest DeFi protocol, Algofi, has announced it will be shutting down in the coming months. According to a blog post by Algofi, the decision to decommission its platform is due to a “confluence of events,” which has made it impossible to maintain its highest standards of service.

Algorand’s largest DeFi protocol Algofi to shut operations

Algorand’s (ALGO) largest decentralized finance protocol, Algofi, will wind down because current events have made its continued operations non-viable, according to a July 10 statement. “A confluence of events has taken place that no longer makes building and maintaining the Algofi platform to the highest standards a viable path for our company.

Algorand price prediction as ALGO Demand Wanes

Algorand (ALGO/USD) price drifted downwards on Tuesday morning as investors focused on regulatory concerns. ALGO’s token dropped to $0. 2200, which was a few points below Monday’s high of $0.

Пользователей кошелька MyAlgo просят вывести свою криптовалюту

Разработчик криптовалютного кошелька MyAlgo попросил пользователей вывести цифровые активы из своих хранилищ. Блокчейн-сыщик, известный под псевдонимом ZachXBT, сообщил, что с 19 по 21 февраля неизвестный злоумышленник атаковал сеть Algorand и похитил монеты Algorand (ALGO), а также стейблкоины USD Coin (USDC) на сумму свыше $9 млн.