The Algorand Foundation has unveiled new changes to the staking rewards program. This comes on the back of improvements to the blockchain’s consensus algorithm that were implemented earlier this week. In the new program, validators will be paid at least 10 ALGO per block validated. Furthermore, half of the transaction fees or 50% in every […]
ALGO
ALGO’s Parabolic Rise Sparks Bullish Sentiment, Targets $1.17
Algorand (ALGO) еmеrgеd аs thе stаndout pеrformеr in thе crypto mаrkеt todаy, with аnаlysts highlighting its significаnt pricе surgе. Mаrkеt еxpеrt Hеnry dеscribеd ALGO’s movеmеnt аs “going pаrаbolic,” pointing to а shаrp аnd rаpid upwаrd trаjеctory. Thе rаlly bеgаn in еаrly Novеmbеr, mаrkеd by а bullish еngulfing cаndlе, аnd hаs sincе mаintаinеd its strеngth with […]
Altcoin Correlation with Bitcoin in 2024: Key Patterns and Market Impact
As per the recent analysis by the analytics platform CryptoQuant, the altcoin market is moving in line with Bitcoin. This positive correlation shows that the altcoins are mimicking the movements of Bitcoin price, a factor that has boosted the confidence of investors in the crypto market. CryptoQuant’s data demonstrate that this pattern is not an […]
Algorand (ALGO) Trendline Breakout Analysis: 40-50% Bullish Wave Expected
Popular crypto analyst ZAYK Charts has recently offered insights into an emerging trend concerning Algorand (ALGO) token. In a recent X post, the analyst pointed out that ALGO had broken out in the 12-hour chart in a trendline that predicted a drastic increase. In the opinion of the analyst, this breakout has already happened, and […]
Here’s how Algorand Foundation plans to boost DeFi innovation with a $300M fund
Algorand Foundation has announced the launch of a DeFi fund called ‘Viridis’ on September 10. The fund in question aims to support 150 million Algo to boost the decentralized finance ecosystem on Algorand, according to the official blog post. To propel the growth of the fund, the foundation introduced the $5 Million Price Oracle SupaGrant […]