Algorand (ALGOUSD)

[stockvaper]

Algorand adoption on the rise

"Algorand (ALGO), a permissionless pure proof-of-stake blockchain protocol, is once again on the list of top performers after hitting a new multi-year high at $2.48.

According to data from Cointelegraph Markets Pro, market conditions for ALGO have been favorable for some time.


VORTECS™ Score (green) vs. ALGO price.

As seen in the chart above, the VORTECS™ Score for ALGO entered the green zone coming into the week and registered a high of 70 on Sept. 4, around 3 days before the price increased by 114%.

The continued bullishness for ALGO comes as the protocol prepares to roll out governance capabilities on Oct. 1 and the project also received a big vote of confidence from the government of El Salvador after it was chosen to help develop the country's blockchain infrastructure.
As seen in the chart above, the VORTECS™
Score for ALGO entered the green zone coming into the week and registered a high of 70 on Sept. 4, around 3 days before the price increased by 114%.

The continued bullishness for ALGO comes as the protocol prepares to roll out governance capabilities on Oct. 1 and the project also received a big vote of confidence from the government of El Salvador after it was chosen to help develop the country's blockchain infrastructure.

https://cointelegraph.com/news/presearch-frontier-and-algorand-book-double-digit-gains-as-altcoins-soar