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Why Algorand Is Up 10% Today

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Green blockchain tech company Algorand solidified new key partnerships, causing its price to rise. Learn more about it here.

news providerThe Motley Fool on MSN.com
2 days ago

Three Top Cryptos that could make you rich in 2022 - TRON (TRX), Parody Coin (PARO), and Algorand (ALGO)

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The NFT gaming sector has been rapidly expanding since its inception giving gamers and investors more opportunities to do what they do best. As the Metaverse makes work, pleasure, and engagement easier, more people believe in the power of the internet and are utilising the opportunity. Parody Coin (PARO) is one of the newest cryptocurrencies on the NFT marketplace right now. The token's presale was a huge success, and the project is fast becoming prominent throughout the crypto community. TRON (TRX) is a decentralized blockchain-based digital project that is built to utilise TRX. The platform is a decentralized file sharing and entertainment network with Tronix as its native token. In 2017, a Singapore-based non-profit organisation called the TRON Foundation - founded TRON (TRX) intending to create a global entertainment system with affordable digital material. Peiwo, oBIKE, Gifto, and Uplive are among the TRON protocol's app investors, with a combined 4 million users, making TRON the world's most popular dAPP. Here is where it gets interesting; TRON's structure is made up of three layers namely: storage, core, and application. According to the project's whitepaper, the TRON core layer contains various modules, including smart contracts, account management, and consensus, all of which provide TRON with growth potential. TRON even went further to make parts of its technology Ethereum compatible (ETH). Algorand (ALGO) is the most renowned open-source payments-focused blockchain network. The project promises to overcome one of cryptocurrency's most persistent problems: scalability. Algorand accomplishes this by employing a unique, more scalable version of "proof-of-stake," a consensus process important for safeguarding blockchains and ensuring that no one can produce new tokens, out of thin air that they did not earn. Recently, on May 11, 2022, Algorand was mentioned in 9,887 of 2,482,301 social media postings on Twitter and Reddit. Algorand is being discussed by 8,088 different people, and it is ranked #34 in terms of most mentions and activity from aggregated postings. ALGO is the native coin of Algorand, with a maximum total quantity of 10 billion units. By the end of 2030, the project hopes to have all of the supplies distributed. If you have at least one ALGO in a non-custodial wallet, you can earn ALGO. Parody Coin (PARO) is fast gaining notoriety within the crypto world as it makes minting, selling, and use of parodies of popular NFTs easier. The minting and selling of parodies of NFTs such as CryptoPunks and Bored Apes, staking on the BNB Chain, earning through the reflection system, and finally benefiting from a large number of 'ParoRewards' are all avenues available for investors. The unique selling point of Parody Coin (PARO) is that it addresses the lack of access to the NFT market, as a result of the exorbitant price and fees associated with NFTs. It also goes further to provide rare functionality that currently doesn’t exist on standard NFT platforms. Some of the notable features: Users can swap any Cryptocurrency on any blockchain for an equivalent number of Parody coins, using the 'Parody Swap' feature. The 'Parody Bridge' component of the coin will allow users to send PARO currencies to other blockchains. With the ‘Parody Market,’ feature users can create unique parody NFTs out of other major bluechip NFTs. Users can go further to mint them. TRON (TRX), Parody Coin (PARO), and Algorand (ALGO) are all popular coins to own for investors looking for passive income, without having to lose on the investment. As the newest and most innovative cryptocurrency on the NFT marketplace, Parody Coin offers traders and investors numerous opportunities to make millions.

news providerThe Telegraph
Today

Wormhole Launches New Algorand Portal

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Wormhole ( the generic cross-chain messaging protocol, announced today it has launched support for Algorand, a pure Proof-of-Stake (PPoS) blockchain with an extremely

news providerWFMZ-TV
2 days ago

Algorand (ALGO) Sees Red Despite a Recent Flurry of Bullish Activity

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Algorand (ALGO) joins the broader crypto market in the red this morning. New partnerships and increased media coverage paint a bullish outlook, however.

news providerFXEmpire.com
1 day ago

Algorand Price Prediction: ALGO Is Downing Slowly

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May 18 The current trading outlook reveals that the ALGO market is downing slowly against the market worth of the US fiat currency as it touched a po

news providerInside Bitcoins
1 day ago

Algorand price in bearish continuation to $0.30

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Algorand price action shows clear signs of another round of selling. ALGO is at risk of another 35% wipe in value. A move exceeding last week’s flash crash lows is very likely. Algorand price action has recovered a significant amount of last week’s losses,

news providerFXStreet
1 day ago

Algorand Statistics

Rank
30
24h Volume
$ 138.9M
Market Cap
$ 3B
All-time high
$ 3.56

Algorand Supply Statistics

Fully Diluted Market Cap
$ 4.4B
Max Supply
10B
Circulating Supply
6.8B