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