Algorand token price jumped by 81%

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The Algorand token has risen in price by 81% in half an hour and reached $ 3 after the altcoin began trading on one of the largest Korean cryptocurrency exchanges Upbit. At 11:50 Moscow time, Algorand is trading at $ 1.86. The capitalization of the token has increased to $ 11.7 billion, according to CoinGecko, according to RBC Crypto.

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Algorand is an open source blockchain platform that supports the ability to create smart contracts and decentralized applications (dApps). The Algorand blockchain is powered by the Proof-of-Stake (PoS) algorithm.

On November 18, the Avalanche token showed a rapid growth, which set an all-time high above $ 110. Altcoin has risen in price after it became known about the partnership of its developer with one of the largest accounting companies Deloitte.

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