Algorand, a fast-growing cryptocurrency that provides a foundation for existing businesses and new projects to operate globally, had its market capitalization hitting a new all-time high after a sudden Coinbase listing sparked the third-strongest day of trade in the coin’s history.
ALGO is currently trading around $0.3584, gaining about 31% in less than an hour. It has more than tripled in price since the lows posted after the ‘Black Thursday’ crypto market crash in March. The coin’s market capitalization stands at about $277 million at the time the report was drafted. It presents the 40th most valuable crypto-asset in the world.
Reports obtained from shows the fast-growing crypto- the asset will now be available to all Coinbase customers thus they can now buy, sell, convert, send, receive, or store ALGO. ALGO is available in all Coinbase-supported regions.
Quick fact; Algorand began its origin in June 2019, the crypto-asset provides a foundation for existing businesses and new projects to operate globally in the emerging decentralized economy. Algorand’s permissionless, the pure proof-of-stake protocol supports the scale, open participation, and transaction finality required to build scalable blockchain projects
Algorand is really a superior technology with undisputed qualities, a great reason why it is being adopted across different industries.
An infographics below presents a few industries using the Algorand’s blockchain