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.
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.
Stay in touch! Subscribe to World Stock Market in Telegram.