Algorand (ALGO) Price Prediction 2025-2030: Will ALGO go as high as $10.34 by 2025
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
In response to the lengthy transaction times of Bitcoin and other blockchains, Algorand was developed to expedite transactions and increase efficiency. As it is built on a permissionless pure proof-of-stake (PoS) blockchain technology, Algorand is supposed to have cheaper transaction fees and no mining (unlike the energy-intensive procedure used by Bitcoin).
Here’s AMBCrypto’s Price Prediction for Algorand [ALGO] for 2023-24
Additionally, fresh funding has increased DeFi activity in Algorand.
Following news that Hivemind Capital had invested 80 million ALGO tokens in various DeFi and governance programs throughout the Algorand ecosystem, the amount of money streaming into the Layer 1 blockchain’s ecosystem has increased dramatically this week. Hivemind has committed more than $25 million at the current price of $0.31 per ALGO token.
Following Hivemind’s announcement, the total value locked in DeFi apps on Layer 1 reached a new high and today surpassed $270 million for the first time in the blockchain’s history. According to DeFiLlama data, the total value locked on Algorand has climbed by 53.95% this week, and numerous Algorand-based DeFi protocols have benefited from the rise in liquidity.
The ALGO coin of Algorand responded well to the announcement. It surged by more than 10%, helped by a broader market recovery, after experiencing a fall in response to Thursday’s CPI report that was hotter than anticipated.
Algorand, the official blockchain platform partner of the FIFA World Cup 2022, noticed an increase in investor optimism. ALGO has seen quite a lot of
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