Crypto Express
07/15 02:13
Algorand skyrockets 33%
Algorand skyrockets 33%! But why do traders keep betting against ALGO?
Algorand surges 33% to hit a 5-month high of $0.31 amid aggressive accumulation.
ALGO spiked over 33% to a 4-month high as Volume soared, but Netflow trends and derivatives data hint at rising sell pressure. Has profit-taking already capped this rally’s upside?
Algorand [ALGO] jumped 33.68% in 24 hours, breaking out of a multi-month range to touch a 4-month high of $0.31 before easing to $0.2808.
As a result of a strong uptick, the altcoin’s Market Cap surged to $2.5 billion, while 24-hour Volume rose 357.45% to $762.75 million.
Such a massive upswing in volume alongside market cap signals massive capital flow and growing on-chain activity. But is this a speculative bubble or the start of something bigger?
#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think DELOREAN is promising?#Do you think ANIME is promising?
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