What Is The Best Crypto To Buy For A 50% Return?
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The Algorand price has been in a sharp downtrend since December – but the fundamentals and technical indicators suggest a payday may be coming soon. Additionally, macro factors are lining up to pave the way for a potential recovery in ALGO. All signs are looking good for upside ahead. ALGO is sitting at $40. Source: Brave New Coin Speaking at the World Economic Forum in Davos, for example, President Donald Trump reiterated his commitment to making America the leader in emerging technologies, including artificial intelligence and cryptocurrency. President Donald Trump has also signed new Executive Orders aimed at cementing U.S. leadership in digital finance. The Crypto Executive Orders establish the Presidential Working Group on Digital Asset Markets, an initiative designed to create a cohesive regulatory framework for digital assets while fostering innovation and protecting economic liberty. On January 23rd, he named Cynthia Lummis to lead a Banking Subcommittee of the US Senate tasked with advancing bipartisan legislation for a comprehensive digital asset framework. The subcommittee will create a clear set of rules aimed at legitimizing the crypto market, which in turn could improve mainstream adoption of utility-focused digital currencies like Algorand. Algorand is seeing a massive increase in network usage Recent data from Nansen indicates Algorand is behind only Arbitrum and Blast in terms of upward momentum in active addresses. In fact, active addresses on the network have shot up an impressive 56% in one week. Active addresses growing. Source: Nansen A 6.9% increase in Algorand transactions to more than 11.4 million and a 20% increase in weekly fees to nearly $15,000 also signals a significant growth in network usage that may help drive the price of ALGO meaningfully up in 2025. Moreover, participants in the consensus process can opt-in to receive incentives while developers have been enabled to build…
Filed under: News - @ January 24, 2025 10:27 am