Algorand Cryptocurrency is currently on bullish momentum by 10.42% in the last 6 hours. At 20:56 EST on Sunday, 11 April, Algorand is at $1.59.

Social Status

Currently, Algorand has 79781 Twitter followers and 20658 Reddit subscribers.

As of now, on Github, there are 166 forks, 488 stars, and 41 subscribers.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Algorand’s crypto is considered to be oversold (<=20).

News about Bitcoin

Bitcoin tops $60,000 and sets new high over the weekend as Elon Musk aims towards the "moon". According to Business Insider on Sunday, 11 April, "Early Saturday morning, as the cryptocurrency was floating around its weekend high, Tesla and SpaceX CEO (and Technoking) Elon Musk tweeted "…going to moon very soon," in an apparent reference to popular Bitcoin slang "to the moon.", "Supply has been tight as some of Wall Street’s biggest firms have begun to invest in cryptocurrencies, while major payment firms Stripe and Paypal have begun to accept Bitcoin as payment."

According to Business Insider on Friday, 9 April, "Since the Purpose Bitcoin ETF was approved as the first in Canada in February, it has taken in over a billion dollars.", "While funds like the Grayscale Bitcoin Trust (GBTC) exist, it is not traded on an exchange and therefore cannot be accessed through a traditional brokerage account."

Whipsawed Bitcoin investors eye coinbase as steadier crypto bet. According to Bloomberg Quint on Friday, 9 April, "Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. ", "For a crypto investor that also buys stocks, it has the ability to diversify risks as there is a very profitable exchange platform that trades on another venue (stock exchange) whose flows of buyers and sellers can be less correlated than many crypto prices," wrote Greg Foss, a veteran credit trader, Bitcoin investor and chief financial officer for Validus Power Corp., in an email reply to questions."

More news about Algorand.

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