Algorand has observed a fall of 94% from its all time high and has been in a downtrend for a while.
Technical indicators of ALGO suggests a consolidated trend in price. Algorand is currently near $0.1655.
Algorand is a blockchain platform that aims to provide fast, secure, and decentralized transaction processing. It was developed by Silvio Micali, a computer science professor at MIT and recipient of the Turing Award, the highest honor in computer science.One of the key features of Algorand is its use of a unique consensus algorithm called “Pure Proof of Stake” (PPoS). In a PPoS system, one can stake their own coins in order to participate in the network and validate transactions. It helps to prevent malicious activity and ensures that the network remains decentralized.In addition to its fast and secure transaction processing, Algorand also offers a number of other features and applications. It also has a robust smart contract platform, enabling the creation of complex and customiz
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