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
Decentralized finance is one area in which blockchain technology excels above conventional business practices. How platforms capitalize on this innovation is the real talk of the town these days. One of the non-Ethereum platforms that will gain from the helping hand Balance is extending with its AMM is Algorand. Algorand (ALGO) will see a rise in the price of its native coin as a decentralized exchange as more users and marketers flock to the platform.
On June 19, 2019, Algorand launched its ICO for $2.40. Here, it’s worth pointing out that on June 20, 2019, ALGO hit its all-time high of $3.28.
Since then, while the price has seen many bears, Algorand has always survived corrections like these. Moreover, Algorand price forecasts indicate that this virtual currency could appreciate soon. Additionally, a lot of crypto-specialists have optimistic views and projections about the future of ALGO. Hence, on the back of progressive updates and time, Algorand’s price will keep rising on the charts.
Given everything, buying ALGO must be a wise decision in the long run, right? Most analysts have positive predictions for ALGO. Additionally, a bulk of long-term ALGO price projections are upbeat. Even so, some are still not convinced about ALGO.
Algorand’s mechanism is what makes it so powerful. And, because it uses an open-source blockchain network, the history of its ALGO tokens is visible to everyone. Glitter Finance will soon integrate the Algorand DeFi ecosystem with Solana to improve interoperability in the blockchain. This will guarantee that traders who use Glitter
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