Algorand Blockchain Has Grown 35% In Q1 2022

Name	Symbol	Market	Market Cap ($)	Algorithm
Algorand	ALGOUSD	Crypto	1,388,488,819	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Algorand

ALGOUSD

Crypto

1,388,488,819

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0051	-2.87%	0.1724	0.1723	0.1724

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0051

-2.87%

0.1724

0.1723

0.1724

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.20318	0.1709	0.1771	0.1775	0.081290 - 0.329600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.20318

0.1709

0.1771

0.1775

0.081290 - 0.329600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:16:09	23.00	0.1724	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:16:09

23.00

0.1724

USD

Price x Volume	Volume	Base Symbol	Related Pairs
730,481.33	4,190,844.01	ALGO	ALGOEUR	ALGOGBP	ALGOBTC

Price x Volume

Volume

Base Symbol

Related Pairs

730,481.33

4,190,844.01

Algorand Blockchain Has Grown 35% In Q1 2022

10/03/2022 2:28pm

NEWSBTC

The Algorand (ALGO) blockchain has added over 6 million new accounts to its network since the beginning of 2022. According to AlgoExplorer data, the total number of accounts on Algorand at the turn of the year was 17,373,299, while at press time (by March 10, 2022), this number was 23,548,065. This represents a 35% gain from the start of the year. Algorand Gains 6 Million Users One reason for the enormous increase in interest in ALGO could be the network’s major technical improvement, which would allow Algorand-based products to run on other blockchains and in low-power contexts like mobile phones and smartwatches. Algorand total accounts. Source: AlgoExplorer Algorand also anticipates the development of London Bridge, a trustless bridge that will connect the platform to Ethereum (ETH). Commenting on the upgrade, Paul Riegle, the Chief Product Officer at Algorand stated: The power and composability of Algorand’s smart contract platform has transformed in recent months. Developers are building versatile decentralized applications that have and will continue to disrupt a wide variety of industries. With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology. It’s also worth noting that the Algorand Foundation hired a new CEO, none other than former JPMorgan executive Staci Warden, only a few days before the award announcement. She brings a wealth of experience from her previous positions at Nasdaq, the US Treasury Department, and the Milken Institute. Grayscale Investments added Algorand to its list of assets under consideration as one of the 25 new token entries in January 2022. ALGO was one of numerous Layer 1 blockchain coins that were added to the list. Notably, Algorand had already begun the year on a high note, even before the Grayscale announcement. Anthony Scaramucci, the founder of alternative investment firm SkyBridge Capital, lauded Algorand, projecting its future as “the Google” of blockchain technology. Related Reading | Bitcoin Steadies Above $45k, US Inflation Comes In At 7.5% Year Over Year ALGO Price The Algorand price analysis is negative for the day, as the bears have created a means to retaliate after a brief bullish price action. The bearish momentum has been strong enough to reduce the price levels to $0.730. The bears have been quite successful in the last several hours, since the decline is massive and has had a negative impact on the entire value of cryptocurrencies. However, as seen in the price charts, the most recent advance is in favor of the bears. The next support for the ALGO/USD price function is at $0.703, where traders can expect the price to rise if the support holds. ALGO/USD trades at $0.7. Source: TradingView The 1-day and 4-hours Algorand price analysis reveal that the current trend has been bearish, resulting in a price reduction. The price has dropped to $0.730, which is a very low value when compared to the previous trading session. However, the support level around $0.703 appears to be firm, and there is little chance that the price will fall below it. Related Reading | Algorand, Solana, And More Lead List Of Biggest Losing Altcoins Featured image from iStockPhoto, Charts from TradingView.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ALGOUSD Algorand