Algorand is based on a blockchain cryptocurrency exchange India. Algo coin aims to be secure, scalable, and decentralized. The algo coin supports smart contract, its platform is a consensus algorithm based on proof of stake principle and byzantine agreement.
History of Cryptocurrency Exchange India
The Algorand platform is developed by Algorand, Inc, a private corporation which is based in Boston which is founded by Silvio Micali, a professor of MIT in 2017. The price of the coin in the initial stage is higher than the present rate. The coin price was $10 in the initial stage and now the cost of the Indian cryptocurrency coin is $2.6.
In April 2019 the Algorand test network was first launched to the public and In June 2019 the main network was launched on the cryptocurrency Exchange India..
The price of the coin in 2020 is $0.25 by many optimistic traders who believed the coin will reach $1, which is doubled in 2021. According to longforecast.com by the end of 2021, the price will be $2.5. By the beginning of 2022, the price will range will be $2.10 and $2.40.
In 2026 the price will rise to $4.850. Is it wise to invest in algo coin? Alogrand is presently placed 18th in the
cryptocurrency market, with a price gain of 76 percent in the last seven days and almost 50% in the last 24 hours. According to surveys and estimations, Algorand is predicted to reach over $2.5 by the end of the year, making it a good investment. ALGO coin is one of the few crypto coins with a positive growth rate in the last 48 hours, when the bulk of digital currencies have dropped in value.
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