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Around the corner, Algoholder's fortunes changed hands. Not only did the coin bounce back from the $0.10 it registered in early November, but it did so in spectacular fashion.
By the time the world knew Donald Trump was the people's choice, he was replaced by Joe Biden and Argo's price jumped 500% to $0.55.
This recovery was a shot in the arm of buyers, most of whom had all but given up, given the slump and turbulence in the first half of 2024.
Currently, the market continues to wobble and swing within a narrow range, with top altcoins such as Bitcoin and Ethereum struggling to penetrate key resistance levels, making 2025 the year of the Algorand boom. There is optimism that there could be.
Algorand rose 500% in Q4 2024: What does 2025 mean for Algorand prices?
In the last day alone, Coingecko revealed that Argo rose nearly 5%, pushing the price above $0.41. Technically, this resilience and impressive absorption of sales pressure is possible suggest What lies ahead.
From a technical perspective, Argo is currently in the bull's flag. As long as the price remains above the local support by $0.30, there is a good chance that buyers will push higher and break the $0.50 and 2024 highs at around $0.55.
(algousdt)
If this goes to print, there is little doubt that Argo could conquer $1 by the end of the year. After that, the coin is likely to initiate a $3.5 target. This is the price printed over 5 years ago in June 2020.
This bullish outlook is thanks to partially An overly bullish crypto market, improved sentiment towards digital assets, and a series of announcements from the Algorand Foundation.
Algorand changes the staking game
What's really stirring the Algo pot at the moment is the Algorand 4.0 upgrade and announcement of the new staking program.
Algorand 4.0 represents a fundamental change in how proof-of-proof blockchains will distribute rewards going forward.
Under the new program, Algorand will distribute real-time rewards from 10 algos per block in real time. After that, the compensation will decay by 1% for every million blocks.
Additionally, validators receive 50% of transaction fees from successfully verified blocks.
A new dawn for decentralization.
Algorand 4.0 is here and consensus has been upgraded.
Today, we stand on the precipice of a transformative moment.
With this upgrade, Algorand is more secure and community-owned than ever.
This isn't just an upgrade, it's a revolution.
– John Woods (@johnalanwoods) January 16, 2025
The decision to immediately reward validators is in stark contrast to the setups of Solana and Ethereum, for example. All this is done without compromising security, reducing stakers, or forcing users to use staked assets in other Defi operations.
“Dyeing Algoran is very comprehensive, but it's also very safe,” said John Woods, CTO of the Algorand Foundation. “Algorand uses advanced encryption that does not require users to put their funds at risk of penalty or loss. It doesn't have to be.”
It remains to be seen how algo prices will perform in the coming weeks. From the daily charts, the bulls are in control and the community is excited. Algorand 4.0 is a huge milestone and a success in 2024 with proof of stake chains.
By July 2024, the network had amassed over 2 billion transactions driven by a surge in Defi and Tradfi activity.
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At the same time, blockchain I was attracted to More developers.
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