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Staking coins is becoming increasingly popular as a way to generate passive income and take advantage of the blockchain technology revolution. Whether you are a...
The post 14 Best Staking Crypto Coins for Maximum Gains appeared first on Cryptocurrency News & Trading Tips Crypto Blog by Changelly.
Stablecoin issuer Tether has said it will stop minting the U.S. dollar-pegged USDT token on the Algorand and EOS blockchains.
Tether has announced a strategic transition to prioritize community-driven blockchain support, revealing plans to discontinue USDT support on EOS and Algorand. This transition will be completed within the next 12 months, marking a significant shift in Tether’s strategy. Tether announced a strategic transition to prioritize community-driven blockchain support. Tether will […]
Tether halts USDT minting on EOS and Algorand to prioritize support for community-driven blockchains.
Tether discontinues support for the Eos Network and Algorand implementations of its flagship stablecoin USDT.
Tether ceases USDT minting on EOS and Algorand starting June 24, 2024. Tether will redeem USDT on EOS and Algorand for the next 12 months. Tether’s shift focuses on security, efficiency, and community-driven blockchain support. Effective June 24, 2024, Tether, a leading player in the stablecoin market, will cease minting its USDT tokens on the […]
The post Tether announces cease of USDT minting on Algorand and EOS appeared first on CoinJournal.
The Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon, showcasing innovative blockchain solutions. (Read More)
The cryptocurrency landscape continues to captivate investors with its dynamic advancements and opportunities for impressive gains. As we progress through 2024, attention is turning to cryptocurrencies such as Floki Inu, Algorand, and the emergent powerhouse, BlockDAG. This analysis delves into the unique attributes that position BlockDAG as an enticing investment
Ripple, XRPL Labs join DeRec Alliance to set new standards for easy and secure digital asset recovery across the industry.
The post Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance appeared first on Crypto Briefing.
Ripple joins the Hedera and Algorand Foundations and industry players to advance a recovery standard to rival ERC-4337.
Blockchain platform Algorand achieved notable gains in key metrics during the years first quarter (Q1), aligning with the overall upward trend observed in the crypto market ecosystem. However, despite this growth, its native token ALGO experienced a 22% price decrease since the beginning of Q2, putting a critical support line to the test and raising [...]
The post Algorand Market Cap And TVL Skyrocket As ALGO Faces Critical Support Test appeared first on Crypto Breaking News.
Dive into Algorand price prediction 2024, 2025, 2030-2050: explore ALGO coin's potential and investment prospects
The post Algorand Price Prediction: Is ALGO a Good Investment? first appeared on StealthEX.Looking to invest in promising altcoins? Explore the top three low-cap gems for May 2024 that could skyrocket your portfolio!
Algorand (ALGO), the blockchain platform known for its speedy transactions and energy efficiency, has caught the eye of crypto analysts. Popular analyst ZAYK Charts identified a potential paradigm shift for ALGO, pointing to a price breakout on the 12-hour chart that could propel the token 40-50% higher. Related Reading: Avalanche Weathers The Storm Can AVAX Hit $40 Again? Algorand: Breaking The Resistance Barrier Technical analysis, a realm where chart patterns and indicators guide investment decisions, has become a popular tool in the cryptocurrency space. ZAYK Charts noticed a significant development for ALGO a breakout from a trendline on the 12-hour timeframe. This trendline resistance level had previously acted as a ceiling for the token’s price. The successful breach of this resistance is seen as a bullish signal, suggesting a potential shift in momentum towards a price increase. $ALGO Trendline Breakout is Already Done,In 12H Timeframe Expecting 40-50% Bullish Wave#ALGO #ALGOUSDT #Algorand #Crypto pic.twitter.com/fY4CCmg38C ZAYK Charts (@ZAYKCharts) May 25, 2024 Volume Speaks Volumes Breakouts alone aren’t always the most definitive indicators. To strengthen the bullish case, ZAYK Charts emphasizes a crucial supporting factor increased trading volume. Imagine a surge in trading activity like a crowded stock exchange. In the context of cryptocurrencies, higher volume during a breakout suggests increased buying pressure from investors, further bolstering the likelihood of a sustained price rise. The Technical Arsenal Weighs In ZAYK Charts doesn’t stop at the breakout and volume. The analyst examines deeper, citing positive momentum oscillators as additional evidence for a potential ALGO bull run. Momentum oscillators are technical indicators that measure the speed and strength of price movements. Positive readings on these oscillators suggest that the current uptrend has enough power to continue pushing prices upwards. While the technical analysis paints a rosy picture for ALGO, it’s important to remember the inherent volatility of the cryptocurrency market. Unlike traditional assets with established regulations and underlying fundamentals, cryptocurrency prices can be influenced by a wider range of factors, including news events, social media sentiment, and even celebrity tweets. A Look At Algorand’s Ecosystem Technical analysis provides valuable insights, but it shouldn’t be the sole factor driving investment decisions. Investors should also consider the overall health and development of the Algorand ecosystem. Is there active development on the platform? Are there any upcoming partnerships or product launches that could drive adoption and increase demand for ALGO tokens? Related Reading: Red Hot Chiliz: Analyst Predicts 4x Your Money With Upcoming Breakout ALGO’s Future: Soaring High Or Grounded By Reality? The coming days will be crucial for ALGO. If the token can maintain its momentum and establish itself above the broken resistance level, the predicted 40-50% price surge might become a reality. However, if the bulls lose steam and the price falls back, the breakout narrative could be quickly forgotten. Featured image from Forkast News, chart from TradingView
Algorand Foundations new ad criticized Bitcoin, Ethereum, and Solana for their efficiency. The ad received mixed reactions from the crypto community and sparked a conversation about the art of advertising crypto products. Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Algorand, The Only One Delivering Algorands latest ad has sparked controversy for dissing three networks. Titled When Blockchain Meets The Real World, Only One Can Deliver, the ad features a classic grocery store checkout line format. The video shows three customers trying to pay for groceries with crypto: Bitcoin, Ethereum, and Solana. During the ad, the three shoppers have problems with their respective transactions, seemingly suggesting that the rival networks are unsuitable for everyday use. The customer using Bitcoin had to wait 27 minutes for the transaction to be completed; the one paying with Ethereum was told the transaction fees were $112, and the Solana payer had his transactions repeatedly failing. All three issues in the ad are common criticisms that the three targeted networks receive. The commercial then shows the next checkout line, with buyers using Algorand as a payment method. As this line moves quickly, the video displays text stating Instant Finality. Low Fees. Designed for the speed of life. The ad finished with the cashier saying, Should have shopped with Algorand, and Anthony Scaramucci, investment guru and founder of SkyBridge, asking how to get in the fast-moving line. The Crypto Ads Conundrum The video received mixed reviews from the crypto community. Many applauded the ad, stating that Algorand is the future of Layer-1 and payments. One X user said: I cant stress enough how much the Algorand Foundation does compared to others. All the meetings, tweets, events, etcthis isnt happening on other chains! However, the negative responses didnt take long to follow. Several community members considered the jab at other chains an unnecessary and embarrassing attack. A user jokingly claimed that Algorand achieved an impossible goal with the ad: uniting all the factions of crypto to dunk on you. Crypto commentator Zach Rynes considers that this type of marketing doesnt make sense as he is unsure who it appeals to. In an X post, Rynes explained that the ad would leave the wrong impression on non-crypto people. To him, the video will make the public think that crypto sucks, not knowing that the ad is for crypto. The commentator believes its a lose-lose either way since Crypto-native people will see this as unnecessarily combative. Similarly, Mert, CEO of Helius Labs, brought up a point repeated by several community members. Mert criticized Algorand for spending money on an ad when its top two explorers [are] going out of business due to no funding. Moreover, he seems to consider the jab at other networks ironic when Algorands got its entire economic security flipped by two dog coins on Solana (WIF + BONK). Cardano Joins The Advertisement Conversation Despite the criticism, the discussion also sparked interest in the ADA community. X account ADA Whale praised the commercial for being funny. Another community member tagged Cardano founder Charles Hoskinson in the video, suggesting he should start looking for a marketing team to promote Cardano. The user cited the US governments U-turn, possibly bringing regulatory clarity, as a decisive factor. This is not the first time Cardano has received criticism over its marketing approach. In March, the conversation sparked when the Cardano Girls video became viral. Content creator Lily Brodi suggested that despite having the technology aspect figured out, Cardano has an unattractiveness problem. This problem prevents a broader audience from entering its community and adopting the technology. Related Reading: Analyst Says Only A Matter Of Time Before Bitcoin Flies Past ATH Ultimately, crypto ads remain a hot topic and a useful tool for the industry. Whether users find them cringy or unnecessary sometimes, they have the potential to help with broader adoption through educational and entertaining crypto-related content. Featured Image from Unsplash.com, Chart from TradingView.com
Rose Premium Signals has presented a bullish Algorand (ALGO) scenario. The analysis states that Algorand is at the precipice of a breakout from the upper resistance of the falling wedge pattern on the daily chart. This breakout could lead to a vigorous upswing with targets at $0.22 to $0.50, which represents a potential increase of […]
FIFA, the international football governing body, is taking a significant step in its Web3 journey by announcing a new blockchain network compatible with the Ethereum Virtual Machine (EVM). The update, published on April 30 via the FIFA Collect FAQ, outlines plans to migrate the football body’s NFT collection platform, FIFA Collect, from the Algorand network […]
The post FIFA moves towards its own blockchain, leaving Algorand behind appeared first on CryptoSlate.
Cryptocurrency prices drifted upwards this week as investors reacted to the risk-on sentiment in the market. That view is supported by the performance of US equities like the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also pulled back as geopolitical risks have faded. Bitcoin price has remained above $66,000 […]
The post Crypto price predictions: BitBot, Pepe, Algorand (ALGO) appeared first on CoinJournal.
Flybondi announced it would issue NFTs flight passes; it will be the first time an aviation company does so.
The summit will be held on May 8 and 9, featuring brief talks from seasoned blockchain experts. Ripple and the Algorand Foundation are the seed sponsors of the Carnegie Mellon University Secure Blockchain Summit set to hold in May 2023. The summit’s objective is to offer comprehensive insights into the prospects and evolution of blockchain […]
The post Ripple and Algorand to Sponsor CM University Blockchain Summit first appeared on The Crypto Basic.
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