Why did Algorand price soar over 20% today?
Algorand price shot up 21% on Friday, April 3, becoming the top gainer of the day, bucking the relative stillness of the broader crypto market that has gone cold amid the escalating war situation in the Middle East.
Algorand (
$ALGO ) price rallied to a 9-week high of $0.122 on Friday before settling at $0.121 at press time. Its gains pushed it to become the leading gainer among the top cryptocurrencies by market cap in both the daily and weekly timeframes.
There are three main reasons why Algorand price rallied today.
First, Algorand was recently ci