Photo: Cointelegraph
Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans.
In the past few months, cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor.
One platform that has benefited from increased attention on the cryptocurrency sector is Algorand (ALGO), a scalable, secure, and decentralized digital currency platform.
Since the start of 2021, ALGO price has steadily grown from $0.33 on Jan 1 to $1.84 on Feb 12, its highest level since Jul 2019. Its trading volume also increased from $70 million to $1.1 billion during that same period.
Reprinted from Cointelegraph, the copyright all reserved by the original author.
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