ALGORAND- Next to Pump 🕺

ALGORAND has been extra volatile with a huge pump and dump candle just a few weeks ago.

At this stage the rice has just broken over resistance and could possibly fly higher.

News:

Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi
The announcement of liquidity rewards for a product built on Algorand put ALGO tokens among the few gainers on (last) Thursday.
The move came hours after the Algorand Foundation, which oversees development on layer 1 blockchain Algorand, announced a $3 million incentive program for Algofi, a decentralized finance (DeFi) platform that relies on smart contracts to offer low-cost lending and borrowing services to users.

“Through a partnership with the @AlgoFoundation Aeneas DeFi Fund, Algofi will be launching a rewards program of $3MM (2MM ALGO),” Algofi noted in a tweet this morning, adding the incentives will run for active users through the first quarter of 2022.