.AlgoFoundation leading altcoin momentum today with 10% surge
The volatility of Algorand is high at this time, but the obvious actions of market bulls have largely helped the proof-of-stake protocol maintain impressive growth metrics across the board. The trading volume is up by 124.4% with a total of $88,851,349 traded overnight. While Algorand has been acompared to other PoS protocols with smart contract capabilities, its appeal is still very much appreciated across the board.
Algorand has had a mix of ups and down thus far this year, similarly to other high-growth protocols, which involve active developer activity. While this developer activity has been steady, it has also been marred by aWith transparent handling of the exploit by the Algorand team, ALGO buyers appear to have gained a whole new motivation to go on an accumulation spree. Per the current outlook, the token is looking to retest its 30-day high of $0.123.
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