CryptoMediaClub
Sunday, June 22, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Algorand (ALGO) Price Plummets to New All-time Low

19.08.2023
A A
0
126
VIEWS
ShareShare

Algorand (ALGO) Price Plummets to New All-time Low

  • The token’s value, however, hit a fresh record low of $0.0905 yesterday.
  • According to CMC, ALGO is now trading at $0.09638 and is up 1.20% in the last 24 hours.

Algorand (ALGO) hit a new all-time low of $0.09 yesterday, reflecting a general negative trend in the market according to statistics from CMC. Since breaking below the previous set level in June, the ALGO price has been trying to find a new support level. The token’s value, however, hit a fresh record low of $0.0905 yesterday as the market tumbled.

Source: CoinMarketCap

The prominent blockchain was formerly considered “great technology” by U.S. SEC chairman Gary Gensler. However, the token’s value has dropped significantly over the last few months, most likely because of its closeness to two high-profile litigation.

Regulatory Scrutiny

When it first filed accusations against cryptocurrency exchange Bittrex in April, the SEC said ALGO was a security. In June 2023, the token dropped to an all-time low as the U.S. regulator brought up ALGO in new proceedings against Binance. In the crypto market, ALGO wasn’t the only one to take a hit this week. Major cryptocurrencies were also trading in the red.

After the bankruptcy filing of Chinese real estate company Evergrande on Friday morning, the price of bitcoin (BTC) plunged below $26,000 in a nose dive drop.

Moreover, liquidations on the futures market had reached over $1 billion, according to statistics from Coinglass. According to CMC, ALGO is now trading at $0.09683 and is up 1.20% in the last 24 hours.

On the other hand, the founder of Cardano, Charles Hoskinson last month suggested that Algorand migrate its code to Cardano. Moreover, in June this year, Algorand boasted about handling high transactions per second. The layer-1 network claimed to process an astounding 10,000 transactions per second.

Highlighted Crypto News Today:

Crypto Whale Saves Millions Selling Ethereum Before Market Drop

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
Elon Musk praises pro-crypto Republican presidential candidate

Elon Musk praises pro-crypto Republican presidential candidate

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Top NFT Projects Witness Significant Investment Plunge

Top NFT Projects Witness Significant Investment Plunge

2 years ago
Cardano Whales Keep Accumulating Amid Market Correction: Will ADA Skyrocket Soon?

Cardano Whales Keep Accumulating Amid Market Correction: Will ADA Skyrocket Soon?

2 years ago
Twitter Rival With Relaxed Filtering ‘Parler’ Acquired and Shut Down

Twitter Rival With Relaxed Filtering ‘Parler’ Acquired and Shut Down

2 years ago
Philippines Test National Stablecoin

Philippines Test National Stablecoin

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Analysis: Volatility Surges – What Technical Price Levels Are Traders Watching?

XRP Price Analysis: Can Regulatory Wins Sustain the Rally Beyond 300%?

Ethereum Staking Surges Despite Market Slump, Locking Over 28% of Supply

Will Bitcoin Survive Without Trump? Hedge Funds Aren’t Convinced, Says Semler

CoinMarketCap Hacked, Scrambles to Remove Malicious Wallet Verification Popup

XRP Price Prediction: Analyst Declares ‘Only Two Paths Remain’ as XRP Tightens to Breaking Point

Trending

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?
All news

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

22.06.2025
0

Uber is moving deeper into the AI services space, expanding its data labeling business just as some...

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

22.06.2025
Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

22.06.2025
Bitcoin Price Analysis: Volatility Surges – What Technical Price Levels Are Traders Watching?

Bitcoin Price Analysis: Volatility Surges – What Technical Price Levels Are Traders Watching?

21.06.2025
XRP Price Analysis: Can Regulatory Wins Sustain the Rally Beyond 300%?

XRP Price Analysis: Can Regulatory Wins Sustain the Rally Beyond 300%?

21.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz