cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Algorand (ALGO)
Algorand price, market cap on Coin360 heatmap

Algorand(ALGO)

Arrow icon
Add to watchlist
$0.367481
(7.59%)
0.00001497 BTC
Market Cap (Rank#32)
$2,553,741,930
104,031 BTC
Vol 24h
$58,307,768
2,375 BTC
Circulating Supply
6,949,315,962.17
Max Supply
10,000,000,000
12h agocryptodaily
LongHash Ventures Launches Its $100 Million Web3 Venture Fund II with Successful First Close
Singapore, Singapore, 10th August, 2022, ChainwireLongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, officially announces the launch of its $100 million LongHash Ventures Fund II. LongHash Ventures has received strong support from global investors and industry veterans for its successful first close. It has raised capital from well-known Web3 VCs, single family offices, and Web3 founders such as Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe, amongst others. The fund will continue to take in capital until the end of the year. Meanwhile, its accelerator arm LongHashX has recently obtained funding at an undisclosed valuation from Superscrypt, a Web3 investment firm founded by Temasek, as well as few large fund LPs including NGC. LongHash Ventures has earmarked its second fund for multi-chain Web3 infrastructure projects that support key verticals such as DeFi, NFT, GameFi, and the Metaverse. It will be investing in projects and teams from pre-seed to Series A. Thus far, LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe and Balancer. LongHash Ventures Fund II will also be investing in the pipeline of projects graduating from its accelerator arm LongHashX. Since its inception in 2018, the LongHashX Accelerator has emerged as Asia’s leading Web3 accelerator. It is the go-to partner for protocols like Polkadot, Filecoin, Algorand, and others looking to accelerate the growth of their respective ecosystems. Accelerator alumni include well known projects such as Astar, Xanpool, and Lit Protocol. “By running both an accelerator and an early stage fund that provides hands-on support, our unique value lies in leveraging LongHashX to bootstrap the Asia ecosystem for the protocols that we invested in, as well as in identifying founders and projects with massive potential very early on, and using our crypto-native knowledge and resources to help the teams achieve their potential and succeed. The second fund will enable us to support more founders and through subsequent rounds,” said Emma Cui, Founding Partner and CEO of LongHash Ventures. “In addition, being geographically headquartered in Singapore with team members distributed across Asia, including China, Malaysia, and India, we are uniquely positioned to help projects scale faster across the Asian region.” About LongHash Ventures LongHash Ventures is a leading Web3 investment fund and accelerator collaborating closely with founders to build their Web3 model and tap into the vast potential of Asia. We have invested in more than 60 projects including Polkadot, Instadapp, Zapper, Astar, and Balancer. We collaborated with their founders to develop their projects’ tokenomics, governance, and communities. As Asia's first and leading Web 3 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin and others to build more than 50 global Web3 projects which have raised more than $150m in the past 4 years. We are committed to realizing our mission of catalyzing growth for the next generation of the Web. LongHash Ventures is licensed by the Monetary Authority of Singapore. ContactsSay [email protected]
15h agocoindesk
La inflación interanual en EE. UU. se desacelera a 8,5% en julio y bitcoin sube
Los mercados cripto respondieron positivamente tras la ralentización de la inflación, eliminando algo de presión de la Reserva Federal a la hora de continuar con el aumento agresivo de las tasas de interés.
21h agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h agocryptodaily
TRON DAO Reserve Appoints Wintermute as the Latest Member and Whitelisted Institution
Geneva, Switzerland, 10th August, 2022, ChainwireThe TRON DAO Reserve has announced Wintermute as the ninth Member and Whitelisted Institution to mint Decentralized USD (USDD), the over-collateralized decentralized stablecoin on TRON, Ethereum, and BNB Chain. Wintermute is a leading global algorithmic trading firm and an established player in digital asset markets. With an average daily trading volume of over $5 billion, Wintermute facilitates OTC trading and provides liquidity across both centralized and decentralized exchanges. Its mission is to enable, empower and advance a truly decentralized world for more transparent, fair, and efficient markets and products. Being the first over-collateralized decentralized stablecoin, USDD is significantly different from other stablecoins in the crypto industry. It surpasses several massive milestones with over $2.3 billion in backing and a market cap of $725 million as of July 2022. The TRON DAO Reserve (TDR), which governs the stablecoin, acknowledged USDD's elastic price against the USD amidst market turmoil but is committed to defending the stability of the ecosystem. The TDR is dedicating resources to fostering organic growth and maintaining full transparency. During recent volatile market events, USDD has stayed strong as expected and stabilized organically. The simple facts of over-collateralization of transparent reserves and steady restabilization of the token value came as a natural experiment that shows how much USDD is a force to be reckoned with, especially amid various discussions of industry-wide regulation. The appointment authorizes Wintermute to mint and burn USDD as a collaborator with the Reserve. As a Member and Whitelisted Institution, Wintermute will advise the TDR and make recommendations to enhance, develop, and supply general aid for the USDD network. The TRON DAO Reserve website is live, and historical token issuance records are published here live on the TDR website 24/7. About USDD USDD is an over-collateralized decentralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX under a Linked Exchange Rate System (LERS) and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
1 day agocryptopotato
TRON DAO Reserve Welcomes Wintermute as USDD’s Latest Whitelisted Organization
Wintermute has become the ninth member and whitelisted organization to mint and burn the algorithmic stablecoin.
1 day agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
2 days agocryptodaily
Chronoly.io Maintains 560% Growth For Weeks, Tezos (XTZ) And Stella (XLM) Continue Downward Spiral
The cryptocurrency market remains an uncertain terrain to dive into without proper trading skills and the knowledge of how the market works. Today, the market is up with investors "cashing out" big time. The next few minutes, the same investors are counting their losses. Despite the fluctuating nature of the crypto market, there are still some tokens that have managed to sustain their growth trajectory. These tokens have an experienced developmental team that has left no stone unturned in a bid to offer their users more value. Chronoly.io is a novel token that suits this description. While Chronoly has continued to maintain a 560% gain for weeks now, Tezos (XTZ) and Stella (XLM) appear to be on a downward trend. Read on to find out what the respective projects are doing to beat the negative market sentiment. Chronoly.io Has Everything To Surpass Popular Tokens Chronoly (CRNO) has been predicted to be the next big thing to happen in the crypto and NFT market. Despite the prolonged bearish market that plummeted the prices of most cryptocurrencies, Chronoly.io (CRNO) token maintains 560% growth for weeks. "Chronoly is bound to refine the NFT and cryptocurrency space," an investor who just purchased the token in the presale said. Chronoly.io is an Ethereum-powered marketplace offering fractional investments in luxury watches on a DeFi. Chronoly's focus is to lower the financial barrier of participating in the luxury watch investment business. CRNO, the project's native token, comes with lots of real-world use-cases, including granting token holders access to club membership and earning passive income from staking. The Chronoly.io team plans to collaborate with big influencers in the metaverse gaming space to offer more value to gamers and investors. Industry experts have predicted that the price point of CRNO might hit $1 in the coming weeks if the team continues in this trajectory. Including CRNO in your portfolio can be a game-changer, as the project is still in its early stage. Chronoly'sroadmap highlights different activities for its phrase three, including building strategic partnerships, expanding influencer outreach, and launching a lending protocol. Tezos (XTZ) Continues To Innovate To Offer Value Tezos (XTZ) has continued to suffer a price setback despite a halt in the global prices of most cryptocurrencies. The Tezosteam has promised users that it will continue to improve on its outlook to offer more value. Experts believe that improving Tezos' use-cases will further stabilize the token price point. Tezos is a smart contract platform that developers can leverage to create decentralized applications. It gained prominence as one of the leading blockchain-based projects to first implement the proof of stake consensus algorithm. Despite the fact that projects like Cardano and Solana have also implemented the proof of stake consensus algorithm, Tezos has not slowed down its innovative drive. Its native token, XTZ, has a wide range of use cases, including for the payment of goods and services on the Tezos protocol. Token holders can also use the token to participate in governance voting. Founded in August 2014 by Arthur and Kathleen Breitman, Tezos has a foundation geared towards supporting the community members. As of press time, Tezos (XTZ) trades for $1.78 USD with a 24-hour trading volume of $37,273,070 USD. Stella (XLM) Announces Smart Contract Platform “Soroban”, Plans To Extend Gains In the last 24 hours, Stellar (XLM) has been trending downward. This may not be unconnected to the global market sentiment. Popular coins like Bitcoin and Ethereum nosedived during the crypto waves, and now they are ready to enter into support. In a bid to offer more value to users and extend its gains, the Stellar (XLM) developmental team recently launched a smart contract platform known as "Soroban." The initiative to launch Soroban is part of the company's drive to encourage massive token adoption and offer more value to users globally. The announcement invited developers to jump on the bandwagon to create their own unique contracts. Once Soroban becomes active, Stellar (XLM) will provide users with a wide range of use cases, including transforming payment systems to compete with major blockchains like Ethereum. The team's focus is to provide investors and traders with an accessible, user-friendly, and scalable platform. Soroban has the potential to revolutionize the smart contract niche in the crypto industry. Soroban will be independent of the Stella (XLM) network but will be paired with XLM to provide users with equitable access and accessibility. According to Stella's (XLM) roadmap, the team plans to improve on the project in terms of participation, demand, and scalability. As of press time, Stella (XLM) trades at $0.114885 USD with a 24-hour trading volume of $126,162,543 USD. For more information about Chronoly.io presale Website: https://chronoly.io/ Telegram: https://t.me/Chronolyio Presale: https://presale.chronoly.io/register Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days agocointelegraph
Once-hacked for $77M, Beanstalk's algo stablecoin protocol relaunches
Beanstalk Farms stablecoin protocol was relaunched on Aug. 6 with the team working to hopefully reclaim the $100 million market cap of its BEAN stablecoin prior to the hack in April.
7 days agocryptodaily
There's A New MetaMask Phishing Campaign, Here's How You Can Avoid Getting Hacked
Halborn, a blockchain security firm based in Miami, Florida, recently disclosed and issued a set of warnings and guidelines to mitigate what they identified as a new phishing campaign, which specifically targeted MetaMask users. Fresh off of a $90 million Series A funding round, Halborn provides blockchain security infrastructure and analytics for crypto and Web3 firms. According to a report from Halborn, the active phishing campaign utilized emails and sent these malicious messages to a number of current and active MetaMask users through social engineering, a type of attack vector that tricks people into giving up confidential information or access to systems. The campaign uses a fake version of the MetaMask extension in an attempt to steal user’s private keys, mnemonic phrases, and other sensitive data. MetaMask has worked in the past before with Halborn, with a case resolved in June after a previous security notice from Halborn which identified a MetaMask user's private keys found on an unencrypted disk. The security report was responded to with a patch from MetaMask for version 10.11.3 moving forward. Previous iterations of new malware were also found in late July. This malware, called Luca Stealer, was written in Rust, targeting Web3 infrastructure. Mars Stealer, Another malware which specifically targeted MetaMask, was also discovered earlier in February. Halborn discovered that the phishing campaign was active after its analysis of scam emails received in July this year. The emails appeared to be authentic with the branding and logomark of MetaMask, asking users to comply with Know Your Customer (KYC) procedures and verify their wallets. Errors such as spelling and obviously fake email addresses were also noted, with a fake domain even making it through the emails. Current security for emails often have spam filtering and phishing detection algorithms, but these can be reverse-engineered by creating false identities and marking domains with similar-sounding or similarly spelled names. Since these email messages were able to bypass standard security measures, it is likely that the cybercriminals behind this campaign have a more sophisticated understanding of social engineering. The attacks were launched through links in the emails, which redirected unwary users to a bogus MetaMask login page. According to Halborn, these bogus pages directly asked users to provide their seed phrases, hence giving the threat actors unauthorized access to a user's wallet. Phishing scams and other kinds of hacks have proliferated across the crypto space in the last few years, with a number of high-profile DeFi protocols, exchanges, and wallets being targeted. Another hallmark of phishing scams, according to Halborn, is that there is no personalization within the message, which is to say, a recipient is not called their actual registered name. Malicious links are often also revealed through a desktop browser by hovering a cursor over the call to action button. Halborn has advised all MetaMask users to be extra vigilant when clicking on links in emails, even if they appear to come from a trusted source. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocryptodaily
Metadoro: USDC is Gaining Strength to Outpace Tether
USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July. More importantly, USDC is replacing the number one stablecoin by market cap USDT (Tether) by number of daily transactions. The USDC is now largely considered to be the best safe haven stablecoin to secure digital savings. USDC is used in 52.5% of overall daily transactions though Ethereum blockchain while Tether holds the second place with the share of 21.4%. USDC surpassed USDT by the number of transactions in late June, and it is still gaining momentum. Investors are scraping their saving in USDT and DAI in favor of USDC. Circle’s mobile payment platform allows users to hold, send, and receive fiat currencies. The company is licensed in New York State in the United States and in the United Kingdom. The company is rumored to have close relations with Goldman Sachs, Coinbase, and also with some large U.S. banks and regulators. Meanwhile, the market cap of USDT deteriorated from around $80 billion at the beginning of 2022 to $65.8 by the end of July or about 42.7% of the overall stablecoin supply. Arcane Research recently forecasted that USDC may outpace Tether by market cap this October. The cryptomarket was rocked by LUNA native coin distress as UST algorithmic stablecoin backed by LUNA plunged almost to zero in May. Even now the $154.3 billion stablecoin market has not completely recovered as it lost 18.8% of its overall capitalisation in the second quarter of 2022. The International Monetary fund (IMF) has warned that the cryptomarket may face further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Director of Monetary and Capital Markets of the IMF, Tobias Adrian said. A possible recession may largely contribute to a deeper deterioration of crypto assets, according to Adrian. Indeed, the cryptomarket, along with other risky assets, has started to suffer as major central banks like the Federal Reserve (Fed) and the European Central Bank (ECB) have started to withdraw liquidity from markets in order to bring record inflation under control. The Fed has recently made another sharp action to raise its interest rates by three quarters of a percent to 2.5%, and it is unlikely to stop, although its front man Jerome Powell has said the Fed will closely monitor incoming data to make its next interest rates decision in September. However, he has not ruled out that another 75 or even 100 basis-point hike is possible. So, monetary conditions are clearly not in favour of the cryptomarket. The Bitcoin charts signal prices may continue to go down after a possible breakthrough of $19,000 per coin. The next stop for the major cryptocurrency is at $15,000. But eventually it could go even lower to $10,000, or even to the extreme $6,000 per coin. So, it is not a proper time for the short-term investments in the cryptomarket since the bottom of the downside cycle has not yet been reached. It is likely that proper entry points may emerge in October when the Fed is likely to send out a bold signal about further interest rate hikes, while fears over a recession in the United States, or Europe may become a reality. For the long run, some investments could be made in leading stablecoins with a diversification to other cryptocurrencies other then USDC coin. The best option would be a selection of stablecoins like Binance USD, USDD and, may be some other from the leaders of the market. Anyway, the dynamics of the risky assets represented by the Nasdaq 100 index and Fed actions. Guidance should also be closely monitored to locate the best opportunities to invest in crypto assets. Actions of large investment institutions could be another source to look for suggestions on such investments. Nevertheless, such investments are considered to be highly risky and should be exercised with minor funds and an understanding that they could be lost completely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8 days agocryptodaily
Coinbase Prime Brings Ethereum Staking To US Institutional Clients
Coinbase announced in a blog post published on Monday that Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients. This offering allows another avenue for financial institutions who wish to enter the crypto space but are unsure how to do it. Another Option For Institutions Coinbase’s new offering gives institutions that have been eying the crypto industry’s burgeoning growth another crypto on-ramp to enter the space. The option of staking and generating yield could interest larger firms looking to park their funds and accrue interest. Apart from Ethereum, Coinbase Prime will also be offering staking tokens for other blockchains such as Polkadot, Solana, Cosmos, Tezos, and Celo. Interested clients will be able to create a wallet, decide the amount they wish to stake, and initiate staking through their Coinbase asset page on their Coinbase Prime account. Coinbase will hold the withdrawal keys in the company’s cold storage custody vault, and staking transactions would be required to reach a consensus before execution. Much Ado About Staking Staking offers passive income on assets already held in custody by allowing them to provide valuable work in the form of security to the blockchain. Ethereum rewards stakers that act in the network’s best interest and punishes those that act against the network or fail to secure the network for any reason. This makes it essential to stake with a reputable staking partner that could help to minimize risk while maximizing rewards. Staking assets can be compared to earning compound interest. However, this is different from traditional markets when dividends are reinvested. Staking rewards are paid in the form of the token that users have staked, and users will be able to reinvest these tokens, earning a significantly higher payout. The staked tokens are also typically stored in their respective wallets allowing users to earn yield without rehypothecation. Ethereum’s Shift To Proof-of-Stake With the Ethereum blockchain transitioning to the Proof-of-Stake consensus algorithm, validators who have staked ETH will replace miners in running and securing the Ethereum network. As a result, staking will be playing a significant role in the blockchain’s future, and there could be a significant increase in rewards accrued through staking. Coinbase had predicted at the beginning of the year that it expects ETH staking rewards to hit 12% APR once the merge had been completed. At the time of writing, data from StakingRewards shows that yields on staking pools had an average reward of 4.08%. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocryptodaily
Chronoly.io Price Remains Strong, Helium (HNT), Chainlink (LINK) Prices Drop
With the global crypto market starting to recover from its constant crashes, investors can start to breathe fresh air after losing so much during the crypto wind. Chronoly.io, Helium (HNT), and Chainlink (LINK) are three tokens with great potential that can create a balance in your crypto holdings. While Chronoly.io remained strong with a 560% gain in the last few weeks, the duo of Helium (HNT), and Chainlink (LINK) struggled to bounce back recently. Read on to find out how the three tokens are faring in the market! Chronoly.io soothes investor nerves Chronoly.io (CRNO) could not be more different from Helium (HNT) and Chainlink (LINK) in terms of their market performance in recent weeks. Chronoly (CRNO) has successfully piqued investors' interest following a 560% increase in its presale, which opened in early May 2022. The reason for the price appreciation may not be unconnected to the fact that Chronoly.io offers investors real-world value and it comes with revolutionary features. CRNO, the project's native token, powers the world’s first blockchain-based fractional watch investment marketplace. Chronoly.io (CRNO) bridges the wide gap that appears between the real world and the virtual world of NFTs by tokenizing physical luxury watches. These watches are co-owned and authenticated on the blockchain. Users can trade small fractions of watches (just like stocks), borrow against their NFTs, and earn a passive income by staking their (CRNO) tokens. The developmental team plans to partner with video games developers and various Metaverses so that users can showcase their watches in the digital world. Analysts remain bullish on the token with the price expected to reach $0.5 in the next couple of months. While Chronoly (CRNO) is still in presale, its roadmap shows that the team has lined up so many activities for its phase three. Some of the activities for phase three, include expanding influencer outreach, building strategic partnerships, and launching a lending protocol. Other activities are launching an NFT marketplace and a private members club, where users will enjoy a wide range of benefits. Connecting with Helium (HNT) The crypto wind might have done a lot of harm to so many crypto projects, and Helium (HNT) is not an exception. Despite announcing the release of two cryptocurrencies, the price point of Helium (HNT) plummeted nearly 4.1% in the last 24 hours. The company recently announced the release of MOBILE and IOT, which will launch in August. The launch of the tokens will further incentivize node operators so that they can contribute their coverage to Helium's network. HNT, the native token of the Helium blockchain, has a lot of use cases, including for the payment of goods and services on the Helium network. According to the project's whitepaper, the company plans to turn Helium into a reserve currency, an initiative that will help the team to better focus on the two new cryptocurrencies once they hit the market. Experts believe that the rise and fall of the three tokens (HNT, IOT, and MOBILE) will largely depend on the success of Helium. Launched in 2019 by an experienced team, Helium is a decentralized wireless Internet-of-things (IoT) network. The HNT token was created using the popular burn-and-mint equilibrium (BME) model. The project operates on a proof-of-coverage (PoC) consensus algorithm. You can mine Helium (HNT) via wireless devices with radio waves. At press time, Helium (HNT) trades for $9.32 USD with a 24-hour trading volume of $16,403,593 USD. If the downward trend continues, HNT might further nosedive to $8.56,$7.41 or $6.74. But if the trend reverses, then expect the price point to reach between $12.14,$16.72 and $21.49. Chainlink (LINK) Forms 300 Million LINK Support Level Chainlink also faced a sharp drop in its price point in recent weeks. On-chain data suggest that investors and traders alike might further dump the token, which can cause significant support for LINK, the project's native token at around $6.70. Chainlink's transaction history also suggests that one of the reasons for the price depreciation is the formation of over 7,000 addresses to grab the already existing 300 million LINK. Chainlink (LINK) is both a crypto and technology platform that offers a service for non-blockchain actors to easily and securely connect with any blockchain platform of their choice. It's like a middleman that connects non-blockchain enterprises with external data like stock prices or baseball scores. Chainlink arrived on the crypto scene in 2017 amid a crowded field of projects. Since inception, the team has continued to deliver on its promises, including to expand the network beyond Ethereum (ETH). According to the project's whitepaper, the Chainlink team plans to collaborate with all blockchain-based contract networks. At press time, Chainlink (LINK) trades $7.68 USD with a 24-hour trading volume of $722,352,199 USD. For more information about Chronoly.io Presale Website: https://chronoly.io/ Presale: https://presale.chronoly.io/register Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9 days agocryptodaily
The Top 4 Channels For Learning More About Bitcoin
Being educated on Bitcoin is a concept more people may want to explore over the coming years. Thankfully, there are more resources than ever before to learn new things about the world's leading cryptocurrency. There is something for everyone, regardless of being tech-savvy or willing to dedicate a lot of time in one go. Stacker Chats The Trust Machines team, CEO Muneeb Ali and Gina Abrams, have created a new initiative for people to learn more about the technical side and intricacies surrounding Bitcoin. Through Stacker Chats, people can learn more about the Stacks ecosystem - a layer designed to fuel the development of decentralized apps on the Bitcoin network - and how it affects the future of Bitcoin itself. All Stacker Chats are accessible on YouTube and feature bite-sized episodes ranging from five to fifteen minutes each. The Stacker Chats touch upon various topics, including the difference between building on Bitcoin and Ethereum, how to survive bearish market conditions, and what the future may hold for Web3 on Bitcoin. There's a lot to check out, with more content regularly added. Zero Authority DAO The YouTube videos created by the founders of the Zero Authority community are certainly interesting and intriguing for the Bitcoin-curious crowd. The team consists of diehard believers in open-source technology and permissionless systems. Moreover, Zero Authority is a big fan of the Bitcoin and Stacks ecosystem and how they will shape the future of permissionless systems. Although the YouTube channel is still relatively unknown, there is a tremendous amount of content to check out. Users can engage in content ranging from mobile SDK for Bitcoin Dapp development to content creation tips, carbon-based initiatives, and various live chats conducted with other developer teams. Jake Blockchain People who have familiarized themselves with the "Built on Bitcoin" initiative may know the name Jake Blockchain. He has a dedicated podcast, newsletter, and Youtube videos to help educate people on Bitcoin and everything the broader ecosystem entails. Moreover, Jake showcases the top-tier applications built on the Stacks ecosystem and secured by Bitcoin's network and consensus algorithm. The Built on Bitcoin podcast is a weekly show and features various Stacks-based developments, updates, and interviews with the people building on this layer. There are over 75 episodes to catch up on, with most episodes taking up under half an hour. A good length to learn something about Bitcoin while going for a walk, jog, or workout! The Advisor BTC For those who prefer their content in written form, it is well worth checking out The Advisor BTC. Their top-tier quality Stacks ecosystem Twitter threads offer tremendous value and knowledge. Moreover, it is an excellent resource to look up information later on and learn new things about Bitcoin-related applications, products, and services made possible through the Stacks layer. The Twitter threads are only the beginning, as the initiative recently received a dedicated YouTube channel and a new project is still in the works. Twitter is a viable platform for educating people on Bitcoin, even if it is not the primary use case for social media. Moreover, Twitter Threads often contain succinct information and details one might not come across elsewhere. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
13 days agocryptopotato
Solana-Based Algorithimc Stablecoin Plummets 99% After a $3.5M Flash Loan Exploit
Following the exploit, the price of its stablecoin - the native ANA token - plunged by 99%.
14 days agocointelegraph
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs.
14 days agocointelegraph
Steven Kokinos shifts to Algorand advisory role as company appoints interim CEO
Former Algorand CEO Steven Kokinos said he will stay on as a senior advisor and be involved in “key projects” related to scaling adoption until 2023.
14 days agocryptosrus
Algorand Appoints Interim CEO — What This Means For ALGO
Algorand’s appointment of interim CEO W. Sean Ford comes as the smart contract protocol is experiencing impressive ecosystem growth. Covered: Algorand’s Interim CEO Recent Goings-on At Algorand What’s Next For ALGO? Algorand’s Interim CEO Algorand (ticker symbol ALGO) announced today the appointment of W. Sean Ford as interim CEO, succeeding G. Steven Kokinos. Ford previously served […] The post Algorand Appoints Interim CEO — What This Means For ALGO appeared first on CryptosRus.
14 days agocoindesk
Algorand CEO Steven Kokinos Departs, Interim Replacement Named
The blockchain said CEO G. Steven Kokinos is departing to pursue other interests.
18 days agocryptosrus
Proof-of-time vs proof-of-stake: How the two algorithms compare
Covered: Proof of Time v. Proof of Stake Comparisons, Strengths, Weaknesses Proof of Time v. Proof of Stake Consensus algorithms are processes where validators (also known as nodes or miners) within a blockchain network agree on the current state of the network. This mainly entails agreeing on whether a transaction submitted by a validator is […] The post Proof-of-time vs proof-of-stake: How the two algorithms compare appeared first on CryptosRus.
18 days agocointelegraph
Proof-of-time vs proof-of-stake: How the two algorithms compare
Blockchains use consensus algorithms to choose who gets to verify transactions on the network — what are the differences between the two?
20 days agocryptosrus
This Ethereum Competitor Is Growing Massively During Bear Trend
During a time when crypto is struggling, sleeper layer-1 Algorand is quietly putting together incredibly impressive growth numbers. Why?  Covered: Algorand’s Impressive Growth Numbers Where Is This Growth Coming From Future Growth And AlgoFi Algorand’s Impressive Growth Numbers In case you haven’t noticed, the crypto market has had a rough go of it of late. […] The post This Ethereum Competitor Is Growing Massively During Bear Trend appeared first on CryptosRus.
21 day agocointelegraph
Human protocol introduces blockchain coordination layer for data contribution
Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms.
21 day agocointelegraph
Human protocol introduces new blockchain coordination layer for data contribution
Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms.
23 days agocointelegraph
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
In a court filing in Singapore, 3AC's liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings.

About Algorand

The live price of Algorand (ALGO) today is 0.367481 USD, and with the current circulating supply of Algorand at 6,949,315,962.17 ALGO, its market capitalization stands at 2,553,741,930 USD. In the last 24 hours ALGO price has moved 0.019097 USD or 0.06% while 56,821,340 USD worth of ALGO has been traded on various exchanges. The current valuation of ALGO puts it at #32 in cryptocurrency rankings based on market capitalization.

Learn more about the Algorand blockchain network and how it works or follow the price of its native cryptocurrency ALGO and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in June 2019 by the Turing Award winner and MIT Professor Silvio Micali, Algorand (ALGO) is an open-source, decentralized and "self-sustaining" blockchain, which intends to solve the blockchain trilemma - that any such network can at most have two out of three important properties, namely: security, scalability and decentralization.

The main purpose of creating Algorand is to improve the efficiency and transaction speed of other blockchains like Bitcoin and Ethereum, while reducing the transaction costs. In order to accomplish this, Algorand uses a special, more scalable, ‘Proof of Stake’ consensus mechanism referred to as ‘Pure Proof of Stake’ (PPoS), which secures its network.  

While the core development of Algorand protocol is managed by the Boston-based private corporation Algorand Inc., the umbrella organization Algorand Foundation oversees the decentralization, ecosystem growth, on-chain governance, cryptographic research and award funding of the Algorand network.

ALGO price

Algorand was funded through an Initial Coin Offering (ICO) in June 2019, at a price of $2.4 per coin. Its value appreciated quickly by almost 50% within a few days of launch, with the coin reaching its all-time high of $3.56 on June 20, 2019. ALGO’s fully diluted valuation crossed $35 billion that day. Its value dropped gradually thereafter, dipping to $0.16 by late September, and closing the year at around $0.2, according to our ALGO live price chart.

The price of ALGO, in USD terms, rallied again in February 2020, touching $0.50 before correcting down below $0.1 in the March 2020 crypto crash. Its next big jump came in August 2020, as it peaked around $0.75 before another correction saw it ending the year below $0.35.

2021 was a good year for crypto markets in general, and ALGO also continued to attempt a breach of $2, before finally succeeding in September 2021, and even went on to test $3 in November. However, the year ended around $1.8 for ALGO.

2022 saw a sharper decline in ALGO's price, where the cryptocurrency was trading around $0.35 in May 2022.

How ALGO works

Algorand employs something known as Pure Proof-of-Stake (PPoS) consensus mechanism to secure its network and validate transactions. PPoS was developed by Silvio Micali and is meant to provide scalability, decentralization and security, in a sustainable and eco-friendly manner.

Anyone can participate as a validator, depending upon the amount of ALGO coins they hold in their wallet, as compared to ALGO holdings of other interested participants. The ‘Pure’ in PPoS implies that the participants can freely come and go, without the need of locking up their ALGO coins for a specific time period.

ALGO, the native coin of the Algorand blockchain, is used to pay for transactions done on the Algorand network. You can also use ALGO for staking purposes and to participate in the functioning and governance of the Algorand network. At the time of writing, ALGO holders have staked over $3.9 billion ALGO for simultaneous participation in Decentralized Finance (DeFi) and Algorand governance, by the ALGO holders. 

Algorand has an average transaction throughput of 11 TPS, while 1,100 transactions can be processed per second at peak. The block creation time is well under 5 seconds and the average transaction fee for using the network’s resources is 0.002 ALGO. Algorand blockchain is actively used to deploy and run DeFi apps as well as mint non-fungible tokens (NFTs).

ALGO news, updates and highlights

In an important ALGO news, Six Clovers, a Fintech infrastructure provider led by former Ripple and PayPal executives, launched a cross-border payments network on Algorand, in June 2021. It uses fully regulated stablecoins to facilitate global transactions between merchants, payment providers and banking establishments. The same month Arrington Capital also launched a $100 million ecosystem fund, to promote project development and coin minting on the Algorand blockchain. Both these developments contributed positively to ALGO price action in 2021.

In another major news for ALGO, the Algorand Foundation put up a $20 million fund in February 2022 to accelerate development on its ecosystem. From the fund, $10 million were awarded as a grant to Applied Blockchain, for building a trustless bridge called ‘London Bridge’. This initiative holds great significance for the Algorand network as it will connect the blockchain with Ethereum’s robust dApp ecosystem, thus bringing in more liquidity.

Frequently asked questions about ALGO

  • Is it possible to mine or stake ALGO?

While you cannot mine ALGO coins, it’s certainly possible to stake ALGO to earn staking rewards.

  • What are some of the best ALGO wallets?

Algorand recommends the mobile Pera wallet to store your ALGO coins. However, you can also opt for other popular choices like Ledger Nano X, Atomic Wallet and Trust Wallet.

  • What can you do with ALGO cryptocurrency?

You can use your ALGO coins to pay fees for using apps running on the Algorand network. It’s also possible to stake ALGO to participate in Algorand’s operations and governance. In addition, the coin can be used to trade against other crypto assets on well-known exchanges, as well. 

  • How to buy ALGO coins?

The ideal way to buy ALGO is on established crypto exchanges. You may use fiat currency to buy ALGO or exchange your already-owned crypto coins for ALGO. Use trading pairs like ALGO/XRP, ALGO/USDT, ALGO/BTC, ALGO/MATIC, ALGO/ETH and so on, to make the purchase.

Algorand Price0.367481 USD
Market Rank#32
Market Cap2,553,741,930 USD
24h Volume58,307,768 USD
Circulating Supply6,949,315,962.17 ALGO
Max Supply10,000,000,000 ALGO
Yesterday's Market Cap2,525,283,600 USD
Yesterday's Open / Close0.344289 USD / 0.363386 USD
Yesterday's High / Low0.363672 USD / 0.336718 USD
Yesterday's Change
0.06% ( 0.019097 USD )
Yesterday's Volume56,821,340 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Community
Source Code
Arrow icon