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Algorand [ALGO]: Assessing if investors should expect better in August

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Across the entire crypto-market, Algorand [ALGO] was one of those that failed to register a massive uptick in July. ALGO relatively underperformed compared to protocols like Cardano [ADA] and Solana [SOL].As per CoinMarketCap, ALGO’s highest price level was $0.37, after a low of $0.30 on 13 July.

Now, a report by Kraken Intelligence has revealed that ALGO’s lows were beyond price performance. According to a report by the digital asset exchange, ALGO lagged behind the wider cryptocurrency cohort in terms of dominance.Kraken found that the larger crypto-market’s capitalization surged by over $210 billion in July.

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