{"id":503691,"date":"2022-09-26T13:24:44","date_gmt":"2022-09-26T13:24:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=503691"},"modified":"2022-09-26T13:24:44","modified_gmt":"2022-09-26T13:24:44","slug":"algorand-up-nearly-30-in-last-7-days","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/algorand-algo\/algorand-up-nearly-30-in-last-7-days\/","title":{"rendered":"Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days"},"content":{"rendered":"
In only the past week, ALGO has grown by a whopping 30%. Some may not be surprised by this development, as Algorand collaborated with FIFA to create FIFA+ Collect, a platform where fans can buy digital collectibles in the form of NFTs. There has been a dramatic impact on the environment as a result of\u00a0this alliance.<\/p>\n
A tweet from @intotheblack\u00a0shows that the number of unique addresses that have completed their first transaction for ALGO has increased from 5,000 to 20,000.<\/p>\n
There has been an increase in the cost of ALGO because\u00a0to the increased number of transactions using unique addresses. As of this writing, the price of one coin is somewhere between the 23.60 and 38.20 Fibonacci retracement levels, or about $0.3949 and $0.3724.<\/p>\n
There is no denying the ripple impact that this collaboration has on all of Algorand. But will the agreement lead to additional price increases, or is this simply a temporary boost?<\/p>\n
<\/p>\n
Image: NFTgators<\/pre>\n
ALGO Gets Boost From FIFA+ Collect<\/strong><\/h2>\n
The price of ALGO increased by 31.18% in a matter of hours on the press day of the FIFA+ Collect release. To sum up, the coin is up 27.54% from September 22nd when trading began till today, September 26th.<\/p>\n