Algorand Crypto Jumps 20% Thanks to Google AI Paper


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David nodded

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June 2023

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David is a financial journalist and Cryptonews.com contributor with a keen interest in comprehensive, accurate and reliable blockchain news.


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Algorand (ALGO) is up +23% in 24 hours, the largest single-day bull move since the name faded from the cryptocurrency space following the 2021 bull market. The catalyst is not a protocol or exchange listing upgrade. The Google Quantum AI whitepaper that dropped at the end of last month comes with Algorand’s name appearing 32 times. Why?

Google Quantum AI research examined quantum computing threats across major blockchains, ranking the chains by post-quantum cryptographic readiness. Algorand ranked third by citations, behind only Bitcoin and Ethereum, recognized for live deployments covering signatures, cryptographic proofs of state, key rotation, and smart contracts.

Solana received 16 signals, and XRP only 14 signals. Hedera and Avalanche: Zero. YouTuber Zach Humphries summed up the community’s reaction bluntly: “Yesterday, Google Quantum AI published a landmark research paper on quantum threats to every major blockchain.” Trading volume increased by 429% to $440 million within 24 hours.

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Algorand Cryptocurrency Momentum: More Upside Move?

Aside from Google AI Paper, the simultaneous integration between PostFinance and Revolut opened up ALGO’s exposure to 2.5 million Swiss banking clients, adding institutional weight to what could have been a short-lived rally.

The confluence of artistic recognition, access to banking, and recovery from all-time lows creates a setting worth carefully planning. Here are the levels:

Algorand sees a 23% rise in 24 hours, the largest single-day rise since it faded from the cryptocurrency space after the 2021 bull run.
some dollars, Tradingview

ALGO bottomed at $0.08 just 4 days ago, an all-time low, before reversing +27% to an 8-week high of $0.1052 within 48 hours. The 24-hour range was between $0.085 to $0.105, and a close above $0.10 represents a decisive retracement of a key psychological level.

Support now lies at $0.082 as the base of the previous wedge and horizontal shelf. Resistance clusters are gathering near $0.115-$0.12, which is the area where sellers from the previous range are likely to concentrate. The market cap is around $930 million, still under $1 billion, meaning any sustained institutional turnover could move the price aggressively. But remember, Algo is 96% below its all-time high in 2019, 7 years ago, on its launch day.

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LiquidChain is targeting an early uptrend just like ALGO 7 years ago

ALGO’s move is real, but at a market cap of $930 million from its all-time low, the asymmetric upside has already been partially priced in. Early buyers who received $0.08 are sitting at +27%. Those who enter at $0.105 chase a story that is now on the front page. The pressure of entry quality is exactly where early-stage presales become relevant.

LiquidChain ($liquid) It is a layer 3 infrastructure project that positions itself as a cross-chain liquidity layer, integrating Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture focuses on a unified liquidity layer, single-step execution, verifiable settlement, and a one-deployment model that allows developers to access all three ecosystems without redeploying.

The current selling price is $0.01445, more than $630,000 Uploaded so far. Not only is the contract cheap and early, it is audited by Certik to ensure investor safety, as well as a bonus of 1700% staking APY For the first believers.

However, for traders who missed out on ALGO and want exposure to infrastructure-level crypto betting on the ground floor, Find LiquidChain here.

This article is not financial advice. Cryptoassets are highly volatile. Always do your own research before investing.






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