Algorand is based on a blockchain cryptocurrency exchange. 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.
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 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.
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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