![Algorand [ALGO] registers an increase in TVL, but concerns still remain](https://i.headtopics.com/images/2023/1/17/cryptoamb/algorand-algo-registers-an-increase-in-tvl-but-con-algorand-algo-registers-an-increase-in-tvl-but-con-1615099827141988354.webp)
Algorand’s TVL increased by 137% in the last seven days. Market indicators and a few metrics looked bearish. Algorand [ALGO] flashed in the headlines because of its latest achievement. DeFiLlama revealed that Algorand’s total value locked (TVL) registered a massive increase by growing over 137%. With this new development, Algorand was back within 18% of […]
Interestingly, ALGO’s popularity went down over the last week as its social dominance decreased. While popularity declined, negative sentiments toward ALGO increased, which was concerning because it indicated a lack of trust from the community in ALGO.
Despite the negatives, a few of the metrics were also in favor of ALGO, providing much-needed hope for a continued surge. For instance, was in demand in the derivatives market as its Binance funding rate remained consistently high. The development activity also increased in the last week, which is a positive signal for a network.Subscribe to get it daily in your inbox.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana’s DEX market booms: Can SOL overcome bearish trends in 2023?Solana DEX wallets increase by 83% over the last year. Despite TVL’s decline, Solana NFT market and revenue see growth. According to new data presented by Delphi Digital, it was observed that the number of DEX wallets on the Solana network grew tremendously over the last year. Well, to quantify, it grew by 83% since […]
Read more »
Letter to the Editor: City budget under the microscopeGroup is looking for ideas and proposals to reduce the city's proposed tax levy increase
Read more »
Solana’s DEX market booms: Can SOL overcome bearish trends in 2023?Solana DEX wallets increase by 83% over the last year. Despite TVL’s decline, Solana NFT market and revenue see growth. According to new data presented by Delphi Digital, it was observed that the number of DEX wallets on the Solana network grew tremendously over the last year. Well, to quantify, it grew by 83% since […]
Read more »
Storm-battered California gets more wind, rain and snowStorm\u002Dbattered California got more wind, rain and snow on Saturday, raising flooding concerns and causing power outages.
Read more »
Troublesome Yarmouth County section of Highway 103 finally makes the highway plan | SaltWireA section of Highway 103 in Yarmouth County that in 2015 was identified by the province as a priority has finally made it onto the government’s highway improvement plan. | SaltWire
Read more »
Storm-battered California gets more wind, rain and snowStorm-battered California got more wind, rain and snow on Saturday, raising flooding concerns, causing power outages and making travel dangerous.
Read more »