The Algorand price has reached a crucial support level that will decide the immediate fate of the ALGO token. Like...
Algorand
Algorand is a blockchain protocol that aims to be highly scalable. It uses a Byzantine agreement protocol and a consensus algorithm derived from a proof-of-stake consensus mechanism. In addition, it distributes validator rewards to the holders of its native cryptocurrency.
What is Algorand?
The native cryptocurrency of Algorand is ALGO. It was launched in 2019 by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT).
Micali created Algorand as a network that focuses on payments, but unlike Bitcoin, it can handle more transactions 1200 (TPS). After the ongoing upgrade that adds “instant finality” to the Algorand network is complete, it will handle 3000 (TPS). Bitcoin can only handle under 5 TPS, and Ethereum can handle about 13 TPS. The feature helps Algorand achieve scalability, and that’s why some believe it’s an ’Ethereum killer’.
Algorand’s public version allows other developers to design new applications based on cryptocurrency. It has been previously used in copyright, real estate microfinance and more.
Is Algorand a good investment?
It has a remarkable ability to work across many blockchain networks. It has recently seen a rise in prices. This is a positive attribute that investors will consider when choosing to invest or not in the same. It’s also wise to note that cryptocurrencies are incredibly volatile, so do not invest money you cannot afford to lose.
Algorand latest news
The Algorand price is grinding higher in a rising trend channel, indicating the bulls are firmly in control. This morning,...
The Algorand price is on track to finish 2021 with a +200% gain. Here, we discuss the outlook for ALGO...
The Algorand price is crawling back after it tumbled sharply during the weekend. ALGO is trading at $1.8145, which is...
What is the prediction of Algorand price? I explain why the price could soon rise by about 30% in the near term.
Algorand (ALGO) price prediction is not looking good for the near term. The price is currently trading at its historic...
Algorand price is loitering near its lowest level since February 2021 as demand for the coin eases. ALGO, the network’s...
Our Algorand price prediction hugely depends on the price holding the key support of $0.68. Algorand was one of the...
Our Algorand price prediction is suggesting very bullish targets as ALGOUSD seems to have bottomed out. Crypto markets have been...
The Algorand price was on an upward trajectory in early November before reports of the FTT token struggle and the...