Algorand is a self-sustaining, decentralized blockchain-based network that supports a wide range of applications.
Algorand develops technology that accelerates the convergence of decentralized and traditional finance. It accomplishes this by facilitating the simple creation of next-generation financial products, protocols, and value exchange.
The ALGO employs proof-of-stake validation rather than crypto mining to validate transactions. This distinguishes it from some of the most popular cryptocurrencies, such as Bitcoin and even Ethereum. As a result, Algorand is one of the few environmentally friendly cryptocurrencies. Its system does not consume a lot of energy from the production of electricity to validate cryptocurrency transactions on its platform. Let us review ALGO Price.
ALGO Price Prediction
Bullish Scenario: ALGO is anticipated to retest the $0.9124 resistance level as the support level $0.7600 held strongly. If the $0.9124 resistance breaks above, we might see a move towards $1.0857 and $1.2565.
Bearish Scenario: If the $0.7600 support level is broken down after a retest to $0.9124 resistance level, we may witness a move towards $0.6774 and $0.5015.
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