On the morning of November 18, the Korean crypto exchange announced the start of altcoin trading on its platform. This led to a rise in the price of cryptocurrency up to $ 3.
The Algorand token has risen in price by 81% in half an hour and reached $ 3 after the altcoin began trading on one of the largest Korean cryptocurrency exchanges Upbit. At 11:40 Moscow time, Algorand is trading at $ 1.86. The capitalization of the token has increased to $ 11.7 billion, according to CoinGecko.
Algorand is an open source blockchain platform that supports the ability to create smart contracts and decentralized applications (dApps). The Algorand blockchain is powered by the Proof-of-Stake (PoS) algorithm.
On November 18, the Avalanche token showed a rapid growth, which set an all-time high above $ 110. Altcoin has risen in price after it became known about the partnership of its developer with one of the largest accounting companies Deloitte.