Why did the price of Algorand jump by 23%? The Google report is causing standing water


The Algorand coin (ALGO) is witnessing an increase of +23% within 24 hours, which is the strongest daily upward trend since the name of the project dropped in the crypto space after the explosion of 2021. What is interesting is that the catalyst was not the upgrade of the process or the inclusion in the trading platform, but a research paper from Google Quantum at the end of the name of AI 2 was mentioned at the end of the AI ​​of 2021. time.

Google’s Quantum AI study explored the threats posed by the proliferation of computers on large blockchains, classifying networks based on their readiness for post-quantum cryptography. Algorand ranked third in terms of volume, behind Bitcoin Ethereum itself is known for its deployments that cover signatures, government secrets, key changes, and smart contracts.

In contrast, Solana received 16 mentions, XRP only 14, while Hedera and Avalanche were not mentioned. Crypto YouTuber Zach Humphries summed up the community’s reactions very clearly: “Google Quantum AI published yesterday a public document about the number of threats to every major blockchain.” This led to a massive +429% increase in sales to $440 million within 24 hours.

Algorand Momentum: Will the upward trend continue?

Beyond Google’s paper, simultaneous integrations with PostFinance and Revolut have opened up access to ALGO to 2.5 million Swiss banking customers, adding a lot of interest to what would otherwise have been a temporary leap.

The combination of technical recognition, support for banking opportunities, and returns from record lows create scenarios that require price certainty:

ALGO dropped to $0.08 just 4 days ago, a very low, before crossing +27% to hit an 8-week high of $0.1052 within 48 hours. The 24-hour trading range was between $0.085 and $0.105, and closing above $0.10 represents a definite retesting of an important emotional level.

Support now lies at $0.082, which represents the previous mill and horizontal shelf. While the resistance is gathering near $0.115 – $0.12, which is the place where sellers from the previous levels can focus. The market capitalization is about $930 million, still below $1 billion, which means that any steady change can move the price significantly. But it should be remembered that ALGO is still 96% below the 2019 peak when it was launched.

LiquidChain looks for early stage startup opportunities

ALGO’s move is real, but with a market cap of $930 million, the big lift is already slow. The first buyers at $ 0.08 gained + 27%, while the entrants at $ 0.105 are chasing the news that is already leading. A good drop in entry point is where pre-sale projects become important.

It’s a job LiquidChain ($LIQUID) The Layer 3 infrastructure is intended to act as a micro-currency, combining Bitcoin, Ethereum, and Solana liquidity into a single execution platform. Its architecture is based on a unified liquidity group, one-step execution, acceptable stability, and a “one-time deployment” model that allows developers to access all three systems without the need for reconfiguration.

The current price is $0.01445, and more than $630,000 has been raised so far. In addition to being the first, the contract has been evaluated by Certik to ensure the safety of the investors, with an additional benefit of 1,700% annual return (APY) for the first believers.

For traders who missed out on ALGO and are looking to bet on crypto infrastructure from scratch, you can… Search for LiquidChain service here.

This article does not provide financial advice. Crypto assets are highly volatile, always do your own research before investing.

A note Why did the price of Algorand jump by 23%? The Google report is causing standing water appeared for the first time Cryptonews Arabic.





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