- Algo has declined by 10.5% over the last 24 hours.
- Algorand’s active addresses soared by 300%.
Over the past month, Algorand [ALGO ($0.18)] saw a massive uptrend, hitting a high of $0.6133.
However, the last 48 hours have seen the altcoin decline to a low of $0.459. In fact, as of this writing, Algorand was trading at $0.475. This marked a 10.5% decline over the past 24 hours.
Prior to this dip, ALGO was on an upward trajectory hiking by 66.51% on weekly charts and 318.99% on monthly charts.
This surge over the past month is credited to growing adoption and network usage according to IntoTheBlock.
Algo active address soars
In their analysis, IntoTheBlock observed that Algorand’s active addresses have increased by 300% since the 1st of December.
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