Latest News

ALGO, Algorand records 57% Five-Minute Candle After Upbit Exchange Listing

Major South Korean crypto exchange Upbit announces the listing of ALGO token. More so, Users now have access to buy the Algorand token using their local currency, KRW.

Consequently, The ALGO price tops out at 75% to reach the $2.93 level in a single hour on the news.

However, the spike lasts a little time as it retraces to around $1.85

Meanwhile, ALGO is still 48% down from its June 2019 all-time high of $3.56. Of course, this is despite staging a surge to a yearly peak of $2.38 in mid-September of this year. Also, this spikes comes after a $100 million sponsorship deal between Algorand and the Drone Racing League.

About ALGO

So, Algorand is a scalable high-speed blockchain, supporting smart contracts and is on proof-of-stake consensus.

Furthermore, Upbit also lists AUDIO at the same time as ALGO. So, AUDIO is the native token of Audius, a decentralize music sharing and streaming protocol. Notably, it handles content transactions directly between listeners and creators without intermediaries.

Lastly, AUDIO prices spikes 55% within an hour or so of the listing announcement to $3.58.

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.