{"id":524125,"date":"2023-03-22T18:30:49","date_gmt":"2023-03-22T18:30:49","guid":{"rendered":"https:\/\/wncen.com\/?p=524125"},"modified":"2023-03-22T16:14:46","modified_gmt":"2023-03-22T16:14:46","slug":"algo-token-scores-5-in-a-day-while-major-coins-turned-red","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/algorand-algo\/algo-token-scores-5-in-a-day-while-major-coins-turned-red\/","title":{"rendered":"ALGO Token Scores 5% In A Day While Major Coins Turned Red"},"content":{"rendered":"
Algorand (ALGO) is breaking ground with an over 5% price increase in 24 hours. ALGO has claimed the second position among <\/span>top-gaining coins<\/span> today after Ripple\u2019s XRP. Today’s rally comes after a 6.8% price gain recorded yesterday, March 21.<\/span><\/p>\n With the current performance, Algorand (ALGO) has reclaimed most of its past week’s losses with a 6.87% 7-day price gain. ALGO’s impressive performance on the <\/span>daily chart<\/span> could be due to the hype around ongoing network developments.\u00a0<\/span><\/p>\n According to details on the Algorand <\/span>developer portal,<\/span><\/a> AlgoKit<\/span><\/a> allows developers to perform fast point-of-sale transactions with step-by-step support as they move through their Web3 building journey. This upcoming technology could drive more traction to the Algorand network, pushing the ALGO price upward.<\/span><\/p>\n Related Reading: Bitcoin To $1 Million? Why Hyperinflation Is Unlikely In The US<\/a><\/p>\n Besides this development, Algorand also <\/span>launched<\/span><\/a> a developer video series to assist developers in building on the ecosystem. In the video, Algorand’s CTO, John Alan Woods, explained why Algorand foundation is the best blockchain for builders while explaining their developer-friendly tools. It could be another factor supporting more exposure to ALGO after the <\/span>recent exploit<\/span><\/a> on its MyAlgo Wallet.<\/span><\/p>\n The <\/span>Fear and Greed Index<\/span><\/a> today also indicates greed in the crypto market as investors are bullish about crypto assets. This index suggests that many people are currently buying cryptocurrencies.\u00a0<\/span><\/p>\n Meanwhile, ALGO has recorded a massive rise in trading volume over the past 24 hours. <\/span>CoinMarketCap data shows<\/span><\/a> the token\u2019s 24-hour trading volume has increased 138.42% at press time. This data confirms the assumption that more activities are ongoing on the Algorand network since trading volumes often reflect increased transactions.<\/span><\/p>\n On-chain data shows that ALGO trading volume saw a sharp spike from $68.26 million on March 21 to $155.64 million today, March 22.\u00a0<\/span><\/p>\nALGO Token Price Surges Amid Rising Interest In Algorand Network<\/h2>\n
ALGO Surges In Trading Volume As Price Increase<\/h2>\n